Retail sales refer to the sale of goods and services directly to consumers. This can occur in various settings, including physical stores, online platforms, and markets. Retail sales are a key indicator of consumer spending and economic health, as they reflect how much money people are willing to spend on products. Retail sales data is often collected and reported by government agencies, such as the U.S. Census Bureau. This information helps businesses and policymakers understand trends in consumer behavior, allowing them to make informed decisions about inventory, pricing, and marketing strategies.