Term:
Retail trade – NACE
Definition:

Retail trade is a form of trade in which goods are mainly purchased and resold to the consumer or end- user, generally in small quantities and in the state in which they were purchased (or following minor transformations). This corresponds to the NACE Rev. 1 Division retail trade, except of motor vehicles and motorcycles; repair of personal and household goods. It includes the following Groups:
— retail sale in non-specialised stores;
— retail sale of food, beverages and tobacco in specialised stores;
— retail sale of pharmaceutical and medical goods, cosmetic and toilet articles;
— other retail sale of new goods in specialised stores;
— retail sale of second-hand goods in stores;
— retail sale not in stores;
— repair of personal and household goods.

Domain:
Industry
Source:
OECD Glossary
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