Retail

Retail refers to the process of selling goods or services directly to consumers for personal use. It represents the final step in the distribution chain, where products are made available to end users. Retail can occur in various forms, such as through physical stores, online platforms, or through direct sales. Retailers typically purchase products in large quantities from manufacturers or wholesalers and then sell them in smaller quantities to individual customers. The retail sector encompasses a wide range of industries, including clothing, electronics, groceries, and many others, and ranges from small, independent shops to large multinational chains. Retail operations often involve marketing, customer service, inventory management, and sales strategies aimed at maximizing profit by meeting the needs and preferences of consumers.