Retail courses are very popular these days because of the booming global business sector. Also, these courses develop the necessary skills in a person to efficiently coordinate business activities via direct customer interaction.
Upon successful completion of courses in retail, students can effectively coordinate and manage the various activities that are included in retailing.
For a bachelor’s program or diploma in retailing, a student needs to have completed his higher secondary education in any stream. A student must have a bachelor’s degree in retail management in order to pursue a master’s program in the same discipline.
The duration of the bachelors program in retail management is three years. The master’s degree program in retail management lasts for two years. The certificate courses in retail have a course duration ranging between six months to a year. The duration of the diploma programs is either one year or two years.
Retail management course covers topics such as merchandising, demand and supply analysis, store appearance, safety and security of inventory, business communication necessary for retail activities, retail related problem solving techniques, monitoring and supervision of retail orders, stocks management and human resources, and pricing management. Retail management specializations include merchandising, supply chain management, planning and competitive analysis, store management, and operations and retail pricing. Many retailing courses also include subjects such as customer relationship management, retail purchasing, strategic marketing, business mathematics, electronic retail, finance management, accounting, and law and ethics related to retail.
The field of retail management has immense scope in various areas such as logistics firms, multiplexes, restaurants, airlines, provision stores, warehouses, shopping malls, manufacturing companies, advertising agencies, banks, and insurance companies.
After successful completion of retail courses, students can join organizations as sales executives, management trainees, assistant managers of stores, retail merchandisers, visual merchandisers, store planner, technical designer, marketing executives, product developer, buyer trainees, department managers, and supply chain distributors.
The remuneration varies in the retail industry depending upon the nature of work, the designation and the company where one is employed.