Meaning & Definition of word "Retail"
Retail
/ˈriːteɪl/
noun:
- 1. The sale of goods to the public, usually in small quantities.
- Example: Retail has been significantly affected by the rise of online shopping.
- 2. A retail store or business.
- Example: She works in a retail that specializes in home goods.
verb:
- 1. To sell goods to the public in relatively small quantities for use or consumption rather than for resale.
- Example: The store decided to retail its products online to reach a wider audience.
- 2. To sell goods at a retail price.
- Example: The company plans to retail their new line of clothing starting next month.
adjective:
- 1. Relating to the sale of goods to the public.
- Example: The retail industry is constantly evolving with new technologies.
- 2. Sold in small quantities to consumers.
- Example: The retail price of the product was much higher than expected.
Etymology
●The word 'retail' comes from the Old French 'retailier,' meaning 'to cut again' or 'to divide.'
Common Phrases and Expressions
retail therapy:
Shopping as a method to improve one's mood or mental state.
retail giant:
A large retail company that dominates the market.
retail space:
Physical space in which goods are sold to consumers.
Related Words
wholesale:
The selling of goods in large quantities at lower prices to be resold by retailers.
merchant:
A person or company involved in wholesale trade.
consumer:
A person who purchases goods and services for personal use.
Slang Meanings of retail
Meaning: Retail therapy
● Example Sentence: After a stressful week, she indulged in some retail therapy by going shopping.
Meaning: Retail apocalypse
● Example Sentence: The surge in online shopping has contributed to the retail apocalypse affecting many traditional stores.