What is the retail sector? A practical guide to making retail sales
Posted: Mon Dec 23, 2024 8:34 am
You've probably heard of the retail sector, but do you know its full potential? This guide explains 5 keys to success as a retailer.
Retail salesperson serving two customers in a physical fashion and accessories store.
On this page
What is retail?
How does the retail sector work?
5 steps to start a business in the retail sector with an e-commerce
Frequently asked questions about the retail sector
Start your online business today.
For free.
Free trial
How much do you know about the retail sector? If you've ever considered starting your own physical or online business, you're probably familiar with this concept. But do you really know how the retail industry works?
In this article you will find practical information on how to start your business project in a sector with great growth prospects.
Would you like to start an online retail business? Shopify makes it easy. Launch your ecommerce without any technical knowledge. Start your free trial now !
Click here to start selling online right now with Shopify
What is retail?
To talk about the retail sector is to talk canada telephone numbers about retail trade. These concepts refer to a type of trade based on the sale of products in units and directly to the final consumer.
This is the most common sales model in the e-commerce sector, although there are also online stores dedicated to bulk sales and geared specifically toward retail businesses.
A common example of a retail business is a supermarket. These stores get their supplies from companies that sell wholesale and then sell those products individually to the end consumer. The key to the success of these businesses? Selling in small quantities to a large number of customers.
A person looking at clothes in a retail store
Source: Pexels, Artem Beliaikin
What is retail?
Retail sales are part of everyday life. Apart from supermarkets, there are other types of retail transactions that occur on a daily basis, from buying a pair of shoes at a shoe store to purchasing medicine at a pharmacy. In addition, these retail activities also extend to online sales.
A high percentage of e-commerce sites are dedicated to retail sales. Not in vain, online sales already account for more than 20% of retail sales , and it is estimated that in 2027 this figure will exceed 22.6%.
The retail sector in Spain
In the specific case of Spain, online retail trade accounted for 5.76% of the country's GDP in 2023, and is expected to soon exceed 6%. With these figures you can get an idea of the positive projection of the retail industry not only in the country but worldwide.
Among the leading online retail companies in Spain are names such as Amazon, PcComponentes, El Corte Inglés and Mediamarkt. But apart from the large sales platforms, in recent years there has been a proliferation of small online businesses driven by entrepreneurs like you.
Spanish stores such as Castañer or Centroartesano have already benefited from the advantages offered by managing ecommerce stores through Shopify. If you already have an ecommerce with a high sales volume, you can take advantage of its potential by migrating to Shopify Plus from another platform , or by creating your online store from scratch to get started in the retail sector.
Retail salesperson serving two customers in a physical fashion and accessories store.
On this page
What is retail?
How does the retail sector work?
5 steps to start a business in the retail sector with an e-commerce
Frequently asked questions about the retail sector
Start your online business today.
For free.
Free trial
How much do you know about the retail sector? If you've ever considered starting your own physical or online business, you're probably familiar with this concept. But do you really know how the retail industry works?
In this article you will find practical information on how to start your business project in a sector with great growth prospects.
Would you like to start an online retail business? Shopify makes it easy. Launch your ecommerce without any technical knowledge. Start your free trial now !
Click here to start selling online right now with Shopify
What is retail?
To talk about the retail sector is to talk canada telephone numbers about retail trade. These concepts refer to a type of trade based on the sale of products in units and directly to the final consumer.
This is the most common sales model in the e-commerce sector, although there are also online stores dedicated to bulk sales and geared specifically toward retail businesses.
A common example of a retail business is a supermarket. These stores get their supplies from companies that sell wholesale and then sell those products individually to the end consumer. The key to the success of these businesses? Selling in small quantities to a large number of customers.
A person looking at clothes in a retail store
Source: Pexels, Artem Beliaikin
What is retail?
Retail sales are part of everyday life. Apart from supermarkets, there are other types of retail transactions that occur on a daily basis, from buying a pair of shoes at a shoe store to purchasing medicine at a pharmacy. In addition, these retail activities also extend to online sales.
A high percentage of e-commerce sites are dedicated to retail sales. Not in vain, online sales already account for more than 20% of retail sales , and it is estimated that in 2027 this figure will exceed 22.6%.
The retail sector in Spain
In the specific case of Spain, online retail trade accounted for 5.76% of the country's GDP in 2023, and is expected to soon exceed 6%. With these figures you can get an idea of the positive projection of the retail industry not only in the country but worldwide.
Among the leading online retail companies in Spain are names such as Amazon, PcComponentes, El Corte Inglés and Mediamarkt. But apart from the large sales platforms, in recent years there has been a proliferation of small online businesses driven by entrepreneurs like you.
Spanish stores such as Castañer or Centroartesano have already benefited from the advantages offered by managing ecommerce stores through Shopify. If you already have an ecommerce with a high sales volume, you can take advantage of its potential by migrating to Shopify Plus from another platform , or by creating your online store from scratch to get started in the retail sector.