Published on May 18, 2015
The retail industry isn't a monolith but rather a collection of a numerous types of businesses that sell services and products directly to consumers. For example, clothing, grocery and pet stores are all retail businesses. While retail as a whole might do well when economic circumstances are right, it's more typical for some sectors of the retail economy to lag as others become highly profitable. The choices an individual retailer makes can affect finances as much or more than the factors affecting the industry as a whole.