They store merchandise, mark prices on it, place items on the sales floor, and otherwise handle products; they usually pay suppliers for the items before selling them to end customers. They complete transactions using appropriate locations and times, credit policies, and other services, such as delivery. They influence consumers' lifestyles and help people build their identities in a social context. Economic Development: Retail has a great contribution to the economic development of a nation. Retail has become an integral part of our daily lives. Consumer spending on retail goods greatly impacts the global economy, and the retail sector employs large numbers of people. Nations that have enjoyed the greatest economic and social progress have an exciting retail sector. Retail is one of the most important industries in the world and plays a major role in the economic development of the country. Healthy growth of the retail sector accelerates the economy