Retail & Trade

Retail is selling goods or items to the people who will use them, as opposed to wholesale which is selling to someone who sells to consumers.

Retailing can be done at shops and stores. This includes department stores, malls and markets where stalls or stands are set up at a cleared area.

Another way of purchasing retail items is by ordering them by mail, telephone, Internet or other methods, to be delivered by post or package delivery service such as United Parcel Service. Some items are sold door-to-door, in which a sales person goes to a possible customers home and tries to sell an item.

Wholesale is the sale of large numbers of goods to retailers. The retailer then sells small amounts of the goods to individual users or consumers. A wholesaler often buys goods direct from the factory or the farm. The wholesaler can put together, sort or grade the products. The wholesaler will repack and redistribute the goods in smaller lots. Wholesalers usually have large individual warehouses to do this work. Food wholesalers often are located together at large markets.

Wholesalers used to be closer to where the retail goods were sold than they were to the factories or farms. Since internet sales have increased there are a number of wholesalers setting up near factories in China and Taiwan.

In banking, wholesale banking means services provided to large companies. Retail banking is services provided to small businesses or individuals.

Recent statistics

  • Top-15 largest shopping malls

    The diagram shows 15 shopping malls with largest area in the world. Top-3 largest shopping malls are located in China. At the same time, all 15 largest shopping malls are located in Asia.