Retail Sales
Retail sales is the process of selling goods or services directly to consumers through various channels such as physical stores, e-commerce websites, or mobile apps. It involves activities like customer interaction, inventory management, payment processing, and post-sale support to drive revenue and customer satisfaction. This concept is fundamental to the retail industry and often integrated with technology systems for efficiency and analytics.
Developers should understand retail sales when building or maintaining systems for retail businesses, such as point-of-sale (POS) software, e-commerce platforms, or inventory management tools. It helps in designing user-friendly interfaces, implementing secure payment gateways, and integrating data analytics to optimize sales performance and customer experience. Knowledge of retail sales is crucial for roles in retail tech, fintech, or any company with a direct-to-consumer sales model.