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Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit.
The history of retail encompasses the sale of goods and services to consumers across all cultures and time periods from ancient history to the present. Commerce first took the form of bargaining between early human civilizations.
This list ranks the largest retail companies, according to the British international consulting firm Deloitte. By revenue. Companies are ordered by net income from retail operations in millions of US Dollars in FY 2020. Carrefour S.A. was excluded from 2020's report at the company’s request.
Nov 29, 2022 · Updated on November 29, 2022. Reviewed by David Kindness. Photo: Thomas Barwick / Getty Images. The Balance. Was this page helpful? Retail is the sale of goods to consumers for use and consumption rather than for resale. Learn how retailers work to reduce prices on merchandise and generate sales.
Retail is selling goods or items to the people who will use them. This is different from wholesale, which is selling to a retailer. According to Oxford Dictionary, Retail is the sale of goods to the public in relatively small quantities for use or consumption rather than for resale.
May 23, 2024 · Competition in retail. Retailing is extremely competitive, and the rate of failure among retail establishments is relatively high. There are multiple competitive factors: Price is a primary competitive factor that both digital and physical stores have in common. Convenience of location affects physical retail establishments.
Wikimedia Commons has media related to Retail. This category contains articles on the retail concepts and venues. For articles on companies that sell goods to the public, see Category:Retailers .
