Retail Sector
1- Introduction
1- Manufacturing.
2- Wholesale.
3- Retail stores.
1-Introduction
The retail sector is considered one of the vital sectors with which we interact significantly on an almost daily basis.
This sector intersects significantly with the transportation sector, as the evolution of the transportation industry has greatly contributed to the advancement of the retail sector, along with advancements in product manufacturing.
The product goes through several stages before reaching the end consumer:
1- Manufacturing.
2- Wholesale.
3- Retail stores.
1- Manufacturing
This is the first stage of the retail process, where product specifications are geared towards individual consumption and include the following industries:
Food industry
Clothing, accessories, and footwear industry
Office supplies industry
Furniture industry
Household appliances industry
Toys industry
Electronic games industry
Pharmaceuticals and sanitizers industry
Perfume industry
Automobile industry
And others
2- Wholesale
Wholesale involves several processes such as export, import, and logistics. Typically, wholesale involves purchasing large quantities of goods and then selling or distributing them to retail stores through a distributor. Alternatively, it may involve buying products from their source in their home country and then exporting them to another country, selling them at a higher price through an agent.
3- Retail stores
Retail stores purchase from suppliers in bulk at wholesale prices and then sell them to individual consumers at higher retail prices, benefiting from the price difference. There are several types of retail stores, such as specialized stores focusing on specific items like electronics or general stores like groceries.
Among the tasks of retail companies or stores are marketing and after-sales services such as maintenance and replacement. In the modern age, retail has evolved to include e-commerce, and it has become the responsibility of retail stores to deliver products to the end consumerintersects in this field, typically with commercial objectives. Additionally, the banking sector intervenes to finance large projects, with profits distributed between the developer and the bank. Sometimes, investment takes the form of stocks, with an annual return based on the owned shares.