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Definition of retail for English Language Learners. : to sell (something) to customers for their own use. : to be sold to the final customer for a specified price.
The OECD Glossary of Statistical Terms reports the retail trade is the resale of new and used goods to the general public. Businesses involved in the retail trade generally sell goods for personal and household use.1  What Is the Meaning of Retailing? 2  What Are the Different Types of Retail Stores?he OECD Glossary of Statistical Terms reports the retail trade is the resale of new and used goods to the general public. Businesses involved in the retail trade generally sell goods for personal and household use. 1  What Is the Meaning of Retailing? 2  What Are the Different Types of Retail Stores?