Retail is the biggest industry in the world with sales touching more than US$ 8 trillion. Every tenth billionaire in the world is a retailer.Twenty-five of the top 50 Fortune 500 companies are in retailThere are a lot of career options in the retail industry today. A career in retail offers a more diverse range of occupations than most other industries.
These include:
Sales: Every retail store depends upon the sales force to sell its merchandise. The position is an entry-level one.
Store Manager : Store managers are responsible for managing an individual store. Most store managers take on the duty of running the day-to-day operations of the store.
Retail Manager: Apart from under standing the mindset, habits and lifestyle of the customer, the Retail Manager determines the layout of merchandise, monitors stock levels, places orders for new stock, manages the supply chain and keeps and analyses.
Retail Buyers and Merchandisers: They are responsible for selecting the merchandise for a store and then physically buying the goods.
Visual Merchandisers: Retail design or visual merchandising plays an important role in this business. Designers or Visual Merchandisers are the ones who give the brand a face.
Supply Chain Distributors and Logistics and Warehouse Managers: This is amongst the most vital areas of organized retailing and normally is the differentiator between modern chains, more so when it comes to perishable goods retailing.
The majority of jobs are at the shop floor level or in sales. These account for approximately 60-75 per cent of the total jobs in retail. Other job opportunities are in Merchandising, Visual Merchandising, Customer Relationship Management and in the Marketing and Supply Chain segment.
Personal Traits: Prospective candidates should be responsible, have problem solving abilities, be able to take quick decisions and be creative. They should have good analytical skills and never-ending enthusiasm as well as high-energy reserves. Good knowledge of the concepts of the various functions of retailing is very essential. A neat appearance and being knowledgeable about the goods would be critical qualities for success in retailing. Pleasant manners, resourcefulness and good memory are considered an asset in retailing.
Retail is a commonsense run business that combines customer orientation with a fine sense of systems and processes. So, if you like handling people and people situation and have a systematic, rationale bent of mind, you can be very successful in the retail industry. In other words, the key qualification required is attitude. .
Institutions:
These include:
Sales: Every retail store depends upon the sales force to sell its merchandise. The position is an entry-level one.
Store Manager : Store managers are responsible for managing an individual store. Most store managers take on the duty of running the day-to-day operations of the store.
Retail Manager: Apart from under standing the mindset, habits and lifestyle of the customer, the Retail Manager determines the layout of merchandise, monitors stock levels, places orders for new stock, manages the supply chain and keeps and analyses.
Retail Buyers and Merchandisers: They are responsible for selecting the merchandise for a store and then physically buying the goods.
Visual Merchandisers: Retail design or visual merchandising plays an important role in this business. Designers or Visual Merchandisers are the ones who give the brand a face.
Supply Chain Distributors and Logistics and Warehouse Managers: This is amongst the most vital areas of organized retailing and normally is the differentiator between modern chains, more so when it comes to perishable goods retailing.
The majority of jobs are at the shop floor level or in sales. These account for approximately 60-75 per cent of the total jobs in retail. Other job opportunities are in Merchandising, Visual Merchandising, Customer Relationship Management and in the Marketing and Supply Chain segment.
Personal Traits: Prospective candidates should be responsible, have problem solving abilities, be able to take quick decisions and be creative. They should have good analytical skills and never-ending enthusiasm as well as high-energy reserves. Good knowledge of the concepts of the various functions of retailing is very essential. A neat appearance and being knowledgeable about the goods would be critical qualities for success in retailing. Pleasant manners, resourcefulness and good memory are considered an asset in retailing.
Retail is a commonsense run business that combines customer orientation with a fine sense of systems and processes. So, if you like handling people and people situation and have a systematic, rationale bent of mind, you can be very successful in the retail industry. In other words, the key qualification required is attitude. .
Institutions:
- Birla Institute of Management Techonolgy, Birla Vidya Niketan, Pushpa Vihar, Sector-IV, New Delhi-110017
- (year full-time P.G. Diploma' in Retailing & Merchandising Management.
- Asia-Pacific Institute of Management, Opp. Pocket-E, Sarita Vihar, New Delhi-110016 (www.asiapacific. edu) 2 year P.G.Diploma in Management with super specialization in Retail Management.
- Indian Retail School, N-10, South Extension-1, New Delhi¬
- 110049 (www.indianre tailschool. com). and (ii) Retail Management (Lifestyle Retailing); 6-months duration courses (iii) retail marketing & Merchandising Management (iv) Retail Store Operations/Management and (v) Retail Supply Chain Management; 3 months courses (vi) Retail Selling Skills (vii) Customer Care (Fashion & lifestyle) (viii) Visual Merchandising.
- K J Somaiya Institute of Management Studies & Research, Vidyavihar, Mumbai-400077 and Pantaloon Retail (Indian) Limited (months full-time Diploma in Retail Management (DRM) (including 6 months professional practice at Pantaloon).
- SASMIRA, Sasmira Marg, Worli, Mumbai-400030
- (Apparel Merchandising/Retailing.
- Garware Institute of Career Education and Development,
- Vidyanagari, Kalina, Santacruz (E), Mumbai-400098 (Part-time Diploma in Retailing.
- Peral Academy of Fashion,
- A-21/13, Naraina Industrial Area, Phase II, New Delhi 110028 [www.pearlacademy. com] 2- years P G Diploma in Fashion Retail Management and 4 year BA Hons in Fashion Retail & Merchandise Management.
- Mudra Institute of Communications, Shela, Ahmedabad¬ 380058 (12 months full time PG programme in retail communications management.)
- ITM-CDLHP Global Leadership Centre, ITM Campus, 25/26 Institutional Area, Sector-4, Kharghar E, Navi Mumbai- 410210 (Retail Management & Marketing.)
- Retailers Association of India (RAI), 111/112 Ascot Center, Next to Hotel Le Royal Merdien, Sahar Road, Andheri (E), Mumbai-400099 (2¬ months course in Professional Retailing Skills after 10+2/equivalent.)
- Welingkar Institute of Management Development & Research, LN Road Matunga (CR)- Mumbai-400019 and at Ernen Arcade, Krishna Nagar Industrial Layout, Hosur Road, Bangalore- 56029 (6 month Professional Programme in Retailing (PPR) after 10+2.)
- Kohinoor Business School, Khandala (18 months P G in Retail Services Management.)
- Apeejay Institute of Business Studies, Plot No 23, Sector 32, Institutional Area, Gurgaon- 122001.
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