retail trade
Selling to consumers
Retail trade is the business of selling goods directly to consumers rather than to other businesses.
The term appears in economic reports, government statistics, and industry classifications to distinguish consumer-facing commerce from wholesale trade: Retail trade accounts for a significant portion of GDP.
The sector encompasses everything from department stores to online sellers.
- department storeLarge multi-section retail establishment
- shopping habitsTypical purchasing behaviors
- supermarketSelf-service food retailer
- advertising campaignOrganized multi-channel promotional effort
- distribution centerFacility for routing goods
big box store · inventory management · impulse buying · loss prevention · merchandising · store layout · convenience store · vending machine · flea market · shopkeeper · price sensitivity · cross-selling · tourism · cash register · point of sale · shopping cart · outlet mall · brick and mortar
- industriesbusiness, factories, education, health, supply chain
- Baltic economiesLatvia, Estonia, Lithuania, Riga, Tallinn
- Alaska economyoil industry, commercial fishing, oil revenues, petroleum, oil drilling
- island economiesfishing, tourism, copra, coconut farming, sugarcane
- tradecustoms, commerce, export, exports, quotas
- business typesbig business, business, corporation, sole proprietorship, partnership
retail tradewholesale trade
Selling large quantities to resellers
wholesale · bulk sales · wholesale distribution · bulk buying · bulk purchasing
retail trademanufacturing
Industrial product creation
production · wholesale distribution · industrial production · sourcing · extraction