Retail

What is Retail?

Retail refers to the process of selling goods or services directly to consumers for personal use. Retail businesses operate through physical stores, online platforms, or a combination of both (omnichannel retailing).

🔹 Types of Retailers:

• Department Stores – Large stores with multiple product categories (e.g., Macy’s)
• Supermarkets – Grocery-focused retailers (e.g., Walmart, Tesco)
• Specialty Stores – Focus on a specific category (e.g., Nike, Apple Store)
• Convenience Stores – Small stores with essential items (e.g., 7-Eleven)
• E-commerce – Online retail platforms (e.g., Amazon, Shopify)
• Warehouse Clubs – Membership-based bulk selling (e.g., Costco)