The retail industry consists of economic units that are occupied with selling products or supplies for private or household use, generally consisting of clothing and accessories, technology, foodstuff and beverages, home enhancement, pharmaceuticals, and others. In recent times, as developed nations start to come out of recession, their economies make progress, and unemployment rates begin to fall, the market segments are experiencing some improved growth. As consumer spending is the key to the feasibility of any financial system, the strength of the retail industry is an important economic needle.
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