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Mar 28, 2024 · Retailing is the selling of goods and services to consumer end users. Retailing is seen as a contrast to wholesaling, which typically involves selling in mass quantities at lower prices. Retailers frequently buy in bulk from wholesalers, then repackage merchandise for individual sale.
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. [1]
At its simplest definition, retail is the sale of different goods and services to customers with the intention to make a profit. Retail includes selling through different channels, so items purchased in store and those purchased online both apply.
This category is about companies that sell goods to the public. For articles on the retail concepts and venues, see Category:Retailing . For articles about people in retail, historically known as retailers, see Category:People in retailing .
Retail marketing. The retail marketing mix or the 6 Ps of retailing. Once the strategic plan is in place, retail managers turn to the more managerial aspects of planning. A retail mix is devised for the purpose of coordinating day-to-day tactical decisions.
Jul 20, 2020 · A retailer sells products and services directly to the public in person, online, or through a combination of both. Retailers purchase goods from manufacturers and wholesalers and resell them to customers for a profit. In today's' economy, the most effective retailers are adept at selling through a variety of physical and digital channels.
Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M. As of early 2023, Gap employs about 95,000 people. The Fisher family remains deeply involved in the company, collectively owning much of its stock.
