Retail

Retail refers to the activity of selling goods and services directly to individuals through different channels such as physical outlets e-commerce websites and direct selling. Retail is central to the world economy linking producers to final consumers and defining consumer interactions.

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With emerging technology and changing consumer behavior the retail sector keeps adapting at a breakneck pace providing new opportunities and challenges for companies.

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Types of Retail Businesses

Retail companies exist in various shapes and sizes such as supermarkets department stores specialty stores online stores and direct-to-consumer brands. Each category caters to a specific set of customers and has its business models.