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Wholesale is a type of retail business model in which goods are sold in bulk to retailers, who then resell them to consumers. Wholesale is a key part of the supply chain, as it allows retailers to purchase goods in large quantities at a discounted price. This helps retailers to keep their costs low and pass on the savings to their customers. Wholesalers typically purchase goods from manufacturers or distributors and then resell them to retailers. The wholesaler may also provide additional services such as warehousing, delivery, and product customization.
Wholesale is an important part of the retail industry, as it helps to ensure that retailers have access to the products they need to meet customer demand. It also helps to create a competitive market, as retailers can purchase goods from multiple wholesalers and compare prices.
Some companies in the wholesale market include Amazon Business, Costco Wholesale, and Grainger. Other companies include BJ's Wholesale Club, Sam's Club, and Uline. Show Less Read more