Retail Management

Retail Management

Retail management is the process that helps customers procure desired goods for their personal use in retail. This saves time and ensures that customers can easily find the desired goods and go home satisfied. This includes all the steps necessary to get the customer into the store and satisfy their shopping needs.

Fashion and Retail Management provides an overview of the concept of visual merchandising and describes in detail all different aspects of retail management in the fashion industry. It focuses on the design, marketing, sale and marketing of apparel, accessories and accessories in retail.

What are the jobs and responsibilities?

• They are responsible for overseeing the operation of a retail store, including sales, marketing, customer service, inventory management and other aspects of operations. The responsibilities of retail managers vary according to the size of the store, but managers of small businesses often have greater responsibilities than managers of larger companies.

• Large retailers typically have computers that track their inventory but have little control over prices or sales. Small business owners typically control inventory and set prices, and in some cases decide when the inventory goes on sale. In these cases, the manager is responsible for ensuring that the inventory is priced correctly.

• Responsible for recruiting staff to review applications and conduct interviews.

• They are also responsible for securing the shop at times when it is not in operation, such as during the holiday season. Managers are also responsible for the safe storage and storage of inventory and income.

• Manage the entire day-to-day operations of the store, including hiring, vetting and employee planning. Previous management and retail experience is typically required, as well as retail experiences such as sales, marketing or customer service.

• Connect with the retail team and customers, develop relationships, set and pursue retail goals, and set, track and implement retail goals.

What are the skills required?

• Communication.

• Adaptability.

• Organization.

• Sales Leadership.

• Customer Service.

• People Management.

• Sales Experience

How to become one?

Although no university degree is required for this position, associates and undergraduates can help them acquire the necessary business skills. We suggest you getting an MBA degree will be more helpful to your career. Eligibility (All Streams); Entrance: CAT.

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What is the scope?

• In recent years, there has been an increase in the need for qualified retail professionals and retail merchants can pursue careers as retail managers, retail salespeople or retail operations managers.

• If you are in the right place for retail management, there are vacancies in your area, whether in retail, retail or retail marketing and sales management.

• Specialists in retail management, so-called retail managers, are responsible for the day-to-day operation of retail stores and retail operations.

• They deal with a wide range of issues, from problem-solving to quotation analysis, marketing and sales management, customer service and customer service. The retail includes managing stores, distributing, selling and distributing products and services, as well as customer experience.

• You can work in a manufacturing company as a retail manager to help your customers with products, or in your retail store as an employee of the company and help them with the product.

• You can start your career as a sales manager and go up or down depending on how you gain experience. The Indian market, so many foreign retail industries have expanded and are working to expand into the Indian market.

• You could get a job in a manufacturing company, a retail business or even as an employee in your own retail business.

How much do they make?

• Average Salary in India - Rs 524,443/yr

• With 1-4 years of experience earns - Rs 429,617/yr

• With 5-9 years of experience earns - Rs 614,451/yr

Who are the Top Recruiters?

• Reliance Retail

• Future Group

• Trent

• Aditya Birla Retail

• Titan Company

• Shoppers Stop

• The Raymond Group

• Avenue Supermarts Ltd

Top Colleges

• BIMTECH - Birla Institute of Management Technology

• Janaki Devi Bajaj Institute of Management Studies

• The Indian Institute of Social Welfare & Business Management

• Prestige Institute of Management And Research

• Institute of Business Studies & Research

• Sardar Vallabhbhai Patel International School Of Textiles & Management

What are the books and study material available?

• Verbal ability and reading comprehension (Arun Sharma and Meenakshi Upadhyay)

• Verbal ability and reading comprehension (Ajay Singh)

• Data interpretation for CAT (Arun Sharma)

• Quantitative Aptitude for the CAT (Nishit K. Singh)

• Past 10 years papers of CAT entrance exam

• Mock test series

• Word Power Made Easy

• 30 Days to a More Powerful Vocabulary

• A Modern Approach to Logical Reasoning

Interesting Facts

Kishore Biyani, an Indian businessman who is also the founder and (CEO) of Future Group and retail businesses such as Pantaloon Retail and Big Bazaar. He is known as the father of modern retail in India.