There are about three million retail trade businesses in the United States. Retail is the largest employment sector in the country, with 9.8 million employeesdirectly tied to the r… See more

In simple terms, retailing is the act of selling goods directly to the end user. A retailer is the performer of the action. Here are two common types of retailers: See more

The retail supply chainconsists of four players: 1. Manufacturerswho produce goods 2. Wholesalersor distributors who buy goods from manufacturers 3. Retailersw… See more

At each step along the chain, a markup or profit marginis built into the purchase price. Manufacturers calculate the cost of making a product and add a profit percentage before selli… See more

A point of sale is where the retail transaction happens. In a physical store, this could be a cash register or a self-check-out lane. For ecommerce, it’s the online chec… See more