Retail Sales

Retail sales refer to the sale of goods and services directly to consumers. This occurs in various settings, such as stores, online platforms, or markets. Retailers purchase products in bulk from manufacturers or wholesalers and sell them at a higher price to make a profit. Retail sales are an important indicator of economic health, reflecting consumer spending and confidence. High retail sales suggest consumers are willing to spend money, which can stimulate economic growth. Conversely, low retail sales may indicate economic challenges or decreased consumer confidence. Overall, retail sales play a crucial role in the economy.