Retails, as a verb, is the present tense of the verb "retail". The term "retail" refers to the selling of goods or services directly to the final consumer.
In retail, products or services are sold in small quantities to individual customers, rather than through wholesale or bulk transactions. This selling process typically takes place in physical establishments such as stores, shops, or outlets, where customers can physically interact with the products they intend to purchase. However, retail can also occur through digital platforms, online marketplaces, or even over the phone.
Retailers play a crucial role in the supply chain, as they bridge the gap between manufacturers or suppliers and end consumers. They acquire products from wholesalers or manufacturers and then offer them to consumers at a markup, aiming to generate a profit. This markup covers not only the cost of acquiring the items but also encompasses various expenses like overhead costs and operating expenses associated with running a retail establishment.
Moreover, retailers often provide additional services to enhance the customer experience, such as customer support, after-sales services, warranties, and the opportunity to physically try or examine the products before purchasing. These services contribute to creating a personalized shopping experience and building customer loyalty.
Overall, the term "retails" encompasses the action of selling goods or services directly to individuals or end consumers through physical or digital retail channels, thereby playing a vital role in the distribution and consumption of products.
