A shop typically refers to a smaller commercial unit suited to standard retail operations, while a showroom generally implies a larger format with higher ceilings and more display space, suited to businesses like automobiles, furniture or large appliances that need to display bigger products.
Retail space is a broader term that can encompass both, along with formats like kiosks or larger anchor retail units within malls or commercial complexes.
Matching the format to your specific business — what you sell, how customers browse, and how much display space you genuinely need — is more useful than choosing based on format labels alone.