Retail is a type of business model where merchants sell products to consumers for their own personal use.
Retailing, on the other hand, is the act of conducting retail business.
In today’s world, retail transactions occur through a host of different “channels” from the traditional brick-and-mortar storefront, to online ecommerce platforms, direct sales, and even via mail.
While the retail landscape makes up a crucial part of the global economy, many business leaders and consumers still don’t fully understand what retail means, or how it works.
