Retail trade plays a vital role in the economy, serving as the final link in the distribution chain that brings goods from manufacturers to consumers. This sector encompasses a wide variety of businesses, from small local shops to large multinational chains. In this article, we’ll explore the key aspects of retail trade, its significance, trends, and challenges. What is Retail Trade? Retail trade involves the sale of goods and services directly to consumers for personal or household...

Retail trade is the business activity of selling goods or providing services directly to end consumers for their personal, non-commercial use. Based on the fact that retail sales are carried out through retail enterprises, which require the maintenance of retail space, an extensive staff of employees, a large number of goods available in the hall and in the warehouse, the cost of goods increases. To cover costs and make a profit, a trade margin is applied. The amount of the margin is...