Definition, Meaning & Synonyms
the retail business
Noun
/ðə ˈriːteɪl ˈbɪznɪs/
Definition
The retail business refers to the sale of goods and services directly to consumers, often in a physical store or online.
Examples
- Retail businesses often thrive in urban areas where foot traffic is high.
- During the holiday season, the retail business sees a significant increase in sales.
- Many retailers offer price matching to attract customers.
Meaning
It primarily involves buying products from manufacturers or wholesalers and selling them to customers for personal use.
Synonyms
- Commerce
- Sales
- Shopkeeping
