The retail trade industry is the sector of the economy that involves the sale of goods and services to consumers for personal or household use. This industry encompasses a wide range of businesses, from small, independent stores to large department stores and chain retailers.
Subcategories within the retail trade industry include:
- Department stores: These retailers offer a wide range of products, including clothing, electronics, home goods, and beauty products. Examples include Macy's, Nordstrom, and J.C. Penney.
- Specialty stores: These retailers focus on a specific product category, such as clothing, electronics, or sporting goods. Examples include Nike, Apple, and Forever 21.
- Grocery stores: These retailers sell food and household items, including fresh produce, meat, dairy, and packaged goods. Examples include Walmart, Kroger, and Safeway.
- Discount stores: These retailers offer a wide range of products at lower prices than traditional retailers. Examples include Dollar General, Family Dollar, and TJ Maxx.
- Online retailers: These retailers sell products through websites and mobile apps. Examples include Amazon, Etsy, and Zulily.
- Convenience stores: These retailers sell a limited selection of products, including snacks, drinks, and household essentials. Examples include 7-Eleven and Circle K.
- Pharmacies: These retailers sell prescription and over-the-counter medications, as well as health and beauty products. Examples include CVS, Walgreens, and Rite Aid.