The retail industry involves the sale of goods and services directly to consumers. It includes various types of businesses, such as grocery stores, clothing shops, and online marketplaces. Retailers purchase products from manufacturers or wholesalers and then sell them at a markup to make a profit. This industry plays a crucial role in the economy by providing jobs and contributing to consumer spending. Retailers can operate in physical locations, like shopping malls, or through digital platforms, such as e-commerce websites. The retail landscape is constantly evolving, influenced by trends in technology and consumer behavior.