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Retail Trade

Competition in the retail trade industry is fierce for large and small companies that sell various products to consumers and businesses — from food and household goods to clothing and office supplies. Retailers may stock specialized merchandise, deliver exceptional customer service, and offer competitive pricing as points of differentiation. Consumer spending correlates with economic factors including personal income, job growth, and interest rates. An awareness of the market and consumer trends can shape merchandising strategy and help manage retailers’ costs.

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