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The retail industry involves the sale of goods and services directly to consumers for personal or household consumption. It includes a wide range of businesses, from physical stores (such as supermarkets, department stores, and specialty shops) to online retailers (e-commerce platforms like Amazon and eBay). Retailers act as intermediaries between manufacturers and consumers, offering products ranging from food, clothing, electronics, and furniture to digital services.

Key trends in the retail industry include the rise of online shopping, the adoption of omnichannel strategies (integrating physical and digital shopping experiences), the growth of direct-to-consumer (DTC) brands, and innovations in personalized shopping experiences through technology like artificial intelligence and big data. Sustainability, ethical sourcing, and fast delivery have also become important factors in shaping the industry.