Retail is the sale of goods and services to consumers, A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit.
When I was a child, I remember the prices on products at the store were merely stickers with a currency value on them. Sometimes, there were several stickers – one on top of the other – and you could see if the price had changed upwards or downwards.
I have been reading countless articles, and listening to as many newscasts, that all forecast a dismal Holiday season for retailers. And it seems that every retailer is warning their investors to prepare for the worst: lower overall sales, lower margins, lower same-store sales, etc… The news is grim, as customers reportedly tighten their purse-strings…
