RETAIL :
Retail is the selling of goods and merchandise to the end customers. In short, it's breaking the bulk.
Here the customer will use the product for himself and he will not sell it further to any other persons.
There are various formats of Retail, which are
1. Hypermarkets
2. Supermarkets
3. Discount Stores
4. Category Killers
5. E-Tailing
6. Malls
7. Street Hawkers - Unorganized retail
8. Cash and Carry
9. Specialty stores
A retailer will sell the consumer goods and services to customers through various distribution channels to generate revenue and earn the desired profit.
The word retail comes from the old French verb "tailer", which means cut off, clip, pair, and divide in terms of sharing. At present, the meaning of the word retail refers to the sale of small quantities of items to consumers.
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