What is Retail?

Retail encompasses the sale of goods or services directly to consumers for their personal, non-commercial use. It involves a wide array of business models, from brick-and-mortar stores to e-commerce platforms, and relies on various technologies for inventory management, point-of-sale systems, customer relationship management, supply chain optimization, and marketing. The goal of retail is to efficiently connect producers with consumers, providing products and services that meet their needs and preferences.