What You Should Know About Retail Management? or 3 Things to Know about a Career in Retail Management
The retail sector is one of the most challenging sectors with increasing competition that is matched by evolving customer demands. This is why retail management has emerged as a popular area to successfully cope with both these challenges.
At a very base level, retail management helps attract customers to the store, helps them find the product they desire, and keep them delighted with their in-store experience.If you are already on the path to becoming a retail manager or are planning for a retail management course, then here are 3 interesting things that you need to know about this domain:
1 Versatility at its core: There are different roles that open up within this domain. These include retail buyer, merchandiser, store general manager, merchandise manager or planner, warehouse manager, department manager, and customer support staff
2 Long term ROI possible: Long-term success in retail management involves knowing about the shifting customer preferences and current business landscape. Executives who pursue a 360-degree learning course get up-to-speed on the various areas of retail such as service operations, sales management, and inventory management.
3 More than just sales: All functions that come together to make a retail store work come under the purview of retail management, some of the important tasks include staff and talent management, monitoring market trends and researching competitors, tracking sales figures and forecasting future sales volumes, and deploying strategies to maximize profits.
Make the right first move As evident, retail management is a wide-encompassing career move. However, to make a mark here, you need to have the exposure, skills, and knowledge. A PGDM – Post Graduation Diploma in Retail Management & Marketing from a reputed institution like ITM Institute is just the fuel you need to fire your career aspirations ahead of your peers.
With certification from a comprehensive retail management course, the doors to big ticket players like JP Morgan, Tata Capital, Bose Corporation, and Reliance Communication open up and fulfill your career growth goals.
Such a PGDM will expose the student to a broad area of function within the retail sector. These include service operations, consumer behaviour, sales management, marketing management, visual merchandising, category management and supply chain issues
Conclusion As they say, the best way to create the future is to invent it. Take the right first step towards inventing a future you see for yourself, only with a good PGDM in Retail Management & Marketing.