what is a retail trade
Identification. The retail trade is a part of the larger wholesale and retail industry, according to the Small Business Notes website. Unlike the wholesale portion of the industry, the retail trade is generally engaged in the sale of goods to the general public and not to other businesses.he OECD Glossary of Statistical Terms reports the retail trade is the resale of new and used goods to the general public. Businesses involved in the retail trade generally sell goods for personal and household use. 1  What Is the Meaning of Retailing? 2  What Are the Different Types of Retail Stores?