Retailing is the activity of selling goods and services to final consumers for their own personal use. It is a sale of product to the public in small quantities and retailing includes all activities incident to selling to the ultimate consumer. Retail has played a major role world over in increasing productivity across a wide range of consumer goods and services. The impact can be best seen in countries like U.S.A., U.K., Mexico, Thailand and more recently China. Retail is the second largest industry in the United States both in number of establishments and number of employees. The retail industry employs more than 22 million Americans and generates more than $ 3 trillion in retail sale annually.