The retail industry refers to the sector of the economy that involves the sale of goods and services directly to consumers for personal or household use. It encompasses a wide range of businesses, including brick-and-mortar stores, e-commerce platforms, and various types of retail outlets such as supermarkets, department stores, specialty shops, and convenience stores. The retail industry is characterized by its focus on providing products to end-users and includes activities such as merchandising, marketing, inventory management, and customer service. It plays a crucial role in the distribution chain, as it connects manufacturers and wholesalers with consumers, influencing buying patterns and trends. This industry is often segmented into various categories, including fashion, electronics, food and beverage, home goods, and more, reflecting the diverse needs and preferences of shoppers. The retail industry is also impacted by technological advancements, consumer behavior shifts, and economic factors.
Celebrating Tech Excellence at the RTIH Innovation Awards 2024 The essence of sustainable retail was at the forefront during the recent RTIH Innovation Awards, which highlighted cutting-edge technology in a…