Retail sales refer to the sale of goods and services directly to consumers. This sector includes various businesses, such as grocery stores, clothing shops, and online retailers, that sell products for personal use. Retail sales are a key indicator of economic health, reflecting consumer spending habits and overall market demand. The performance of retail sales is often measured through monthly and annual reports, which track changes in sales volume and revenue. These reports help businesses and policymakers understand trends in consumer behavior, allowing them to make informed decisions about inventory, pricing, and marketing strategies.