Retail

Retail refers to the sale of goods and services directly to consumers for personal use. This sector encompasses a wide range of businesses, including physical stores, online platforms, and other sales channels where products are offered to end users. Retailers purchase products from manufacturers or wholesalers and then sell them at a markup to consumers. The retail industry can include various formats such as supermarkets, department stores, specialty shops, and e-commerce sites. Retail plays a crucial role in the economy by facilitating consumer access to products and services, influencing shopping habits, and contributing to overall economic activity.