What is a retail store?

Retail stores are businesses that sell directly to the consumer. This makes retail stores remarkably different from wholesalers, with an entirely unique set of challenges and solutions. So understanding whether you’re running a retail or wholesale business is vital to choosing the best strategies for success.

What is a retail business?

The word “retail” refers to a type of business where merchants sell products or services to individual consumers for personal use. Learn more in this post. Retail describes the sale of a product or service to an individual consumer for personal use.

What is retailing & how does it work?

Retailing is selling goods or services to customers for use. A retailer is the merchant or business individual shoppers buy goods from. Retailers typically buy products from a manufacturer or a wholesaler and sell these items to consumers in small quantities. Simply put, retailing is the act of selling goods directly to the end user (customer).