Hi VinamraMaliwal,
A 710 is an outstanding overall Score, so depending on your Quant and Verbal Scaled Scores, you could likely apply to any Business Schools that interest you. By extension, a retest would probably be unnecessary.
Depending on the Schools that you plan to apply to, you would likely find it beneficial to speak with an Admissions Expert about your overall profile and plans. Those Experts should be able to answer your Admissions questions and help define the specific areas of your profile that could use some improvement.
There's a Forum full of those Experts here:
https://gmatclub.com/forum/ask-admissio ... tants-124/1) What were your Quant and Verbal Scaled Scores for this 710?
2) What Schools are you planning to apply to and when are you planning to apply?
GMAT assassins aren't born, they're made,
Rich