What is the difference between retail marketing and trade marketing?

Retail marketing focuses on strategies aimed at consumers directly in retail environments, such as promotions, in-store displays, and customer engagement to drive sales. In contrast, trade marketing targets the relationships between manufacturers and retailers, emphasizing strategies to encourage retailers to stock and promote a brand’s products, often through incentives, discounts, and collaborative marketing efforts. Essentially, retail marketing is consumer-facing, while trade marketing is business-focused.