 Sam
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Joined: 21 May 2005
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 Posted: Sun Apr 04, 2004 11:06 pm Post subject: Retail Sales |
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Retail Sales or Retailing refers to the sale of goods or merchandise for personal or household consumption from a departmental store or away from a fixed location and related subordinate services. A retailer buys goods from manufacturers or importers through a wholesaler and sells individual items to the public through a store.
Retail Sale is a measure of the total receipts of retail stores. The rate of change of such sales is reflected by the monthly percent changes. This change in the retail sales is an indicator of consumer spending.
There are taxes charged on retail transactions and these are known as retail sales tax. But the retail sales tax is not charged on businesses buying raw materials for production or finished goods for resale. Most countries in the world impose sales taxes at the national or state level. However, there are certain items such as clothing or prescription drugs which are exempted from payment of sales taxes. |
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