Retail encompasses the sale of goods or services to consumers for personal use, engaging through various channels including online platforms and physical storefronts.
The retail sector, employing 9.8 million people in the U.S., supports a diverse range of businesses from large giants like Walmart and Amazon to small mom-and-pop shops.
Different retail categories exist, such as hardline and soft goods, with store types ranging from department stores to e-commerce platforms, each serving distinct consumer needs.
Walmart, Amazon, and Costco stand out as the largest retailers globally, highlighting the dominance of these giants in the expansive landscape of retail business.
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