Career in Retail Management
Do you like to work in shopping malls, outlets etc.? Are you good at organizing and planning things? If yes, you should consider a career in retail management.
Retail management is all about understanding the buying needs of the customer and helping them to purchase the desired product from the retailer. It is a process of achieving growth in sales & customer satisfaction by attaining a better understanding of the consumers of goods and services produced by the company. Retail management has reformed unorganized shopping place to organized shopping place.
Example: Hypercity, Big Bazar, Spencers, DMart are few retail chains in India.
What are the roles and responsibilities for Retail Manager?
- Retail manager improves operational efficiency through optimizing the retail process.
- Manage day to day store operations.
- Provide seamless customer experience.
- Achieve or overachieve sales target.
- Deal with customer queries and complaints.
- Monitor stock level, pricing and new purchases.
- Ensure compliance with health and safety legislation.
- Prepare promotional materials, marketing materials and displays.
- Prepare sales and revenue report and forecast.
How to Become a Retail Manager in India?
There are 3 ways to become a Retail Manager in India
What are the key skills required for Retail Management?
- Inventory Management
- People Management
- Customer Service
- Organizational skills
What are the career opportunities in Retail Management?
- Customer Care Executives
- Department Manager
- Image Promoter Merchandise Manager
- Merchandiser Analyst
- Retail Buyer
- Store Manager
- Supply Chain Distributer
- Warehouse Manager
- Brand Manager
- Marketing Executive
- Retail Manager
What is the salary and demand for Retail Manager?
- Demand is High for Retail Management.
- Salary levels are High for Retail Management. For fresher average salary is more than 5 Lacs.
- Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.
- Level of preparation for Retail Management is Medium. Students spend 1 Year. to prepare for entrance test of Retail Management
What are the best colleges for Retail Management in India?
For Graduation
- Nirma University – [NU], Ahmedabad
- Symbiosis International University – [SIU], Pune
- Jamia Millia Islamia University-[JMI], New Delhi
- Jamia Hamdard University, New Delhi
- Guru Gobind Singh Indraprastha University – [GGSIPU], New Delhi
- Symbiosis Centre for Management Studies – [SCMS], Pune
- Shree Guru Gobind Singh Tricentenary University – [SGT], Gurgaon
- ICFAI Foundation for Higher Education – [IFHE], Hyderabad
- SP Jain School of Global Management -[SPJSGM], Mumbai
- Banasthali Vidyapith, Jaipur
For Post Graduation
- Indian Institute of Management – [IIMB], Bangalore
- Indian Institute of Management – [IIMC], Kolkata
- Indian Institute of Management – [IIM], Lucknow
- Xavier Labour Relations Institute – [XLRI], Jamshedpur
- University of Delhi, Faculty of Management Studies – [FMS], New Delhi
- Indian Institute of Management – [IIMK], Kozhikode
- Management Development Institute – [MDI], Gurgaon
- Indian Institute of Foreign Trade – [IIFT], New Delhi
- SP Jain Institute of Management and Research – [SPJIMR], Mumbai
- Institute of Management Technology – [IMT], Ghaziabad