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retail - the selling of goods to consumers; usually in small quantities and not for resale. marketing, merchandising, selling - the exchange of goods for an agreed sum of money. wholesale - the selling of goods to merchants; usually in large quantities for resale to consumers.
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?