They store merchandise, mark prices on it, place the items on the point of sale, and otherwise handle the products; typically, they pay suppliers for items before selling them to end customers. They carry out transactions using suitable locations and times, credit policies and other services, e.g. delivery. They influence consumer lifestyles and help people build their identity in a social setting. Economic Development: Retailing contributes greatly to the economic development of a nation. Retail has become an integral part of our daily lives. Consumer spending on retail goods weighs heavily on the global economy, and the retail sector employs a large number of people. Countries that have seen 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. Growing a healthy retail sector accelerates economic growth