Retail sales encompass the sale of goods and services directly to consumers for their personal or household use. This vital sector of the economy includes a wide range of businesses, from small independent shops to large department stores and online marketplaces. Retail sales figures are closely watched as a key indicator of consumer confidence and overall economic health, reflecting how much individuals are spending on discretionary and non-discretionary items. Fluctuations in retail sales can significantly impact business revenues, employment rates, and even influence government policy decisions.
