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17-Oct-2017 11:23

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As civilizations grew, barter was replaced with retail trade involving coinage.

Selling and buying is thought to have emerged in Asia Minor (modern Turkey) in around the 7th millennium BCE.

Retailing involves the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.

Retailers satisfy demand identified through a supply chain.

Retail comes from the Old French word tailler, which means "to cut off, clip, pare, divide" in terms of tailoring (1365).

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The latter was a vast expanse, comprising multiple buildings with shops on four levels.Digital technologies are also changing the way that consumers pay for goods and services.