Career in Retail management

Career in Retail Management

Today, the world is changing very fast. Now, the living standard of every individual is different and so do the shopping style. But, in present situation one fact is that now people love to shop a lot and they spend lots of time and money on it. Shopping becomes a hobby for most the young people. People shop with different reasons like some for fun, to avoid depression and loneliness, some for time pass. We can say that the whole concept of shopping has altered with the time, in terms of format and consumer buying behavior. To satisfy these new buying concepts and different demands, we should always give credit to urbanization and sprawling shopping centers, big malls and huge complexes that emerged at every small and big city. Due to this present scenario the retail industry has grown into one of the largest economic sector in the global economy and capturing the big chunk of the market.

Retailing can be defined majorly as the buying and selling of the goods and services. It can also be defined as the timely delivery of goods and services demanded by the consumer at prices that are competitive, reasonable and consumer friendly.

Retailing process involves a direct interface with the customer and the coordination of all the business related activities from the design stage to a products delivery and post-delivery service. Generally, this business can be categorized into several types depending on product’s size, amount of products, services, offers related to that product and the prices they charge for that particular product. Some of them are supermarkets, supply chain, factory outlets, malls, stores, discount stores and house hold appliances etc.

As a career option this field offers a dynamic and plenty of employment opportunities to the young and talented people. This industry offers around 2 million job opportunities to the aspiring professionals worldwide. As this profession is directly related to the customers and in other word public at large, so it required some qualities like good communication skills and analytical mind, presentable personality and more importantly customer friendly attitude. This field is related with the store and selling, but all the jobs in this field are not in store and outlets themselves. Career in retail sector can be developed as store manager, retail buyer, retail design/visual merchandise, merchandise planning and product developers.

A career in this sector can be very rewarding, as in this sector you can earn well. Before entering into this field you need to be well prepared in advance, so that you can understand the minute requirements related to the job. There are many institutes in India which are offering this course as MBA in retails management and PG course in Retail Management. A retail management course is about departmental store retailing and shopping mall retailing business. A course in this field from a reputed institute can help you to capture a good job in this industry. A candidate opting to enroll for a MBA course in Retail Management should have passed the Graduation Examination at least. Some of the institutes which offer this course are: National Institute of Retail Management (NIRM), Welingkar Institute of Management, K J Somaiya Institute of Management Studies & Research, Mudra Institute of Communications, Indian Retail School, SP Jain Institute of Management and Research, Birla Institute of Management Technology
, New Delhi, Narsee Monjee Institute of Management & Higher Studies.

Companies like Reliance India, Pantaloons, RPG Group, Titan, Raymonds, Westside, Barista, Bata, Caffe Coffee Day, Crossword, Food World, Nilgiris and Trent are some of the big Indian companies who have opened their retail chains in India. This has created huge employment opportunities for trained retail management professionals. Jobs of department managers, assistant store managers, buyer trainee, merchandising assistant, customer service representative, and management trainees are available in the retail sector.

Some big companies like Reliance India, Pantaloons, RPG Group, Titan, Raymonds, Westside, Barista, Bata, Caffe Coffee Day, Crossword are some of the Indian companies who have opened their retails chains in India. So you can try your luck in one of the big names or even you can start your career with small scale industry. You can work there at different levels like department manager, assistant store managers, buyer trainee, merchandising assistant, customer service representative, and management trainees are few position on which one can work.