What is the scope of studying Retail management?

As Indian retail industry on the verge of revolution, a number of Indian and international retailers are entering this advancing market.

There has been a significant change in retail trading over the year and retailing is undoubtedly a strong pillar of the Indian economy and a sector offering huge opportunities.

According to Global Retail Development Index by A.T. Kearney, India is positioned as the leading destination for retail investment. There are about 300 new malls, 150 supermarkets and 325 departmental stores being built very soon.

The career opportunities are in the areas of Store Operations, Retail Marketing, Visual Merchandising, Buying & Merchandising, Brand Management, Store Location & Design, MIS in Retail, Human Resource Management, E-Tailing and Digital Retailing.

There is a large growth opportunity in an organized business that the country will see after a long time. Apart from the direct jobs, every retail job created adds further jobs in the support business.

What do you learn in Retail management?

1.  Introduction to Retail Management and Concepts
2.  Retailing trends
3.  Retail Market Segmentation
4.  Retail Pricing and merchandising
5.  Relationship Marketing in Retailing
6.  Role of Information Technology in Retailing

What are the job profiles in retail field?

The job options in the retail field are quite interesting as You may start working as a sales executive or  be directly employed as a sales manager or a marketing manager and even start a retail business of your own by becoming a franchisee of another big player in the retail business!

Pay package can vary from 10,000 to 20,000/- pm.

Top 10 retail companies in India:

1. Shopper’s Stop,
2. Westside,
3. Pantaloons,
4. Lifestyle,
5. RPG Retail,
6. Crossword,
7. Wills Lifestyle,
8. Globus,
9. Piramals and
10. Ebony Retail Holdings