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Definition of Retail: Retail (derives from retailer from Old French retaillier, from tailler ‘to cut’) is the sale of goods to the general public (rather than to a wholesaler).
Retailing consists of the sale of goods or merchandise, from a fixed location such as a supermarket, department store or shop, in small or individual lots for direct consumption by the purchaser.
A retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesaler, and then sells smaller quantities to the end-user the general public.
Retail may also refer to:
- being sold to the general public.
- sell (goods) by retail.
- (retail at/for) be sold by retail for (a specified price).
- Local bricks and mortar Retail establishments are often called shops or stores
- e-commerce is Online retailing