"retail subsidiary" is correct and usable in written English.
You can use it when referring to a business that sells goods directly to consumers, usually through a chain of retail stores. For example, "The parent company purchased a large retail subsidiary to expand their presence in the market."
Its German retail subsidiary Postbank is theoretically worth over €6bn, but proving tricky to sell off.
The company's retail subsidiary Oxxo, for example, has begun a project in the run-down neighborhood just behind its headquarters.
It has significant exposure to Greece through a retail subsidiary there, and it holds vast sums of troubled debt from small and large European economies.
See article.Deutsche Bank presented its long-awaited reorganisation plan, which involves shrinking its investment bank, selling its Postbank retail subsidiary and trimming its debt load.
Sol Solk has been elected vice president and merchandise manager of Pauson & Company, 12‐story Northern California and Nevada retail subsidiary of Botany Industries, Inc., it was announced over the holiday by Henry C. Schwartz, president of the Botany Retail Stores Di vision.
'So in the 1980s, they set up a retail subsidiary.
"Retail subsidiaries would be legally, economically and operationally separate from the rest of the banking groups to which they belonged," the commission said in its 360-page report.
The layoffs will mainly focus on Amazon's Seattle office, but there have already been cuts in some of its retail subsidiaries in other parts of the country, such as the Las Vegas-based online footwear retailer Zappos, which had to lay off 30 people recently.
At end of the April, Paramus, N.J.-based toy giant Toys 'R' Us toy had teamed up with Menlo Park, Calif.-based venture capital company Benchmark Capital to establish an electronic retailing subsidiary called Toysrus.com.
On Monday, Royal Bank announced that it would sell its struggling American retail banking subsidiary to the PNC Financial Services Group.
The accounts were filed later than Virgin Retail, a subsidiary that reported a loss of only £66m.
