Retail

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Retail, or retail trade, is the sale of goods or merchandise to customers through multiple channels of distribution to satisfy wants and needs.

The retail industry is a major part of the global economy. The term “retail” denotes the process of selling consumer goods or services to consumers, either directly or via a third party with whom they have some degree of direct contact. In many countries, it is synonymous with “the sale of goods”. With advancements in technology, retail goods can be sold from any number of locations including their homes, office buildings, and distribution warehouses.