Retail is a terminology often used for markets and revolves around the sale of goods and services. The sale of the goods and services is conducted by a company that sells them directly to the consumers. There are various types of retailers, and every retailer has one thing in common: the way they pursue business and the cash flow through small transactions. A retail industry comprises every company, business, and institution that aims to sell goods to end consumers. At present, there are gazillions of retail shops and stores across the globe, such as fashion boutiques, grocery markets, and convenience stores. The rise in the retail industry over the years has been clearly visible, especially after COVID-19, which has transformed the retail sector completely.