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Retailer
/ˈriː.teɪ.lər/noun
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A retailer is a business or individual that sells goods or services directly to consumers in relatively small quantities, typically for personal use rather than resale. This role has evolved with e-commerce and digital platforms, allowing retailers to reach global audiences while managing inventory and customer relationships in innovative ways.
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The first modern retail chain, Woolworth's, opened in 1879 and revolutionized shopping by offering fixed prices and a wide variety of goods under one roof, paving the way for giants like Walmart; today, retail giants collectively drive over 10% of global GDP through consumer spending.
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