The retail sector refers to the sale of goods and services to consumers. It includes various types of retail sales and store types, such as grocery, convenience, department stores, and online stores. Retailers purchase goods in large quantities from manufacturers or wholesalers and sell them in smaller quantities to consumers for a profit. The retail industry is a significant part of the economy, employing a large number of workers and showing steady growth year on year. It is also an essential component of the supply chain, serving as the final link between producers and consumers
. The retail trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. It includes various subsectors, such as motor vehicle and parts dealers, furniture and home furnishings stores, electronics and appliance stores, food and beverage stores, and clothing and clothing accessories stores. Retailers can operate through store locations or non-store channels, such as online retail
. In summary, the retail sector is a vital part of the economy that involves the sale of goods and services to consumers through various channels, and it plays a significant role in the supply chain and employment.
