AdmissionNews Education
Career in Retail Management
AdmissionNews Education

 

Rated as the fifth most attractive, emerging retail market in the world, India is viewed as a potential goldmine for global as well as domestic majors. India's total retail market is estimated at Rs. 9,300 billion of which organized retail is at Rs. 300 billion and is expected to grow at a compounded rate of 30 per cent over the next five years. Currently estimated to employ nearly 15 per cent of educated Indian adults, the industry has the potential to employ over two million people in the next four to five years. The retail sector is witnessing a lot of changes as traditional formats make way for new ones. The figures are indicative of the tremendous growth and buoyancy there is in the Indian retail sector. This, in turn, has enhanced the scope and value of the industry and has made it a very attractive one for prospective employees. The organized retail industry has grown from two to about 3.5 per cent today. There are 55 malls in operation and in the text couple of years, there should be 200 malls in operation across the country. With these levels of growth, there is high scope in this dynamic business. Also, retail is no longer regarded as a New Age profession, but has become an established one with high potential and high growth, organized retail is not limited to major cities. Prominent retailers having gained significant market share in Tier I cities, are eager to cash on and expand into unexplored Tier II cities for establishing broad based visibility and consequently brand loyalty. They are introducing several new concepts, and exploring new structures for space acquisitions etc. Comparatively, a low real estates price in tier II cities is one of the major attraction. Smaller cities like Lucknow, Kanpur, Amritsar, Ludhiana, Jaipur, Jodhpur, Chandigarh, Nasik, Nagpur and Indore are also expected to see a remarkable growth in the number of malls.

 

The government recently announced foreign direct investment in retail will be allowed upto 51 % in single brand products, with prior government approval. This is aimed at attracting investment, technology and best global practices. However, domestic demand for such branded products remains the key driver. This announcement is expected to provide a boost to premium and luxury brand retailers, serving select clientele. Large Indian corporate groups like Reliance, Tatas, Piramal, Rahejas etc. are exploring opportunities in the retail sector.

 

There are a lot of career options in the retail industry today. A career in retail offers a more diverse range of occupations than most other industries. These include...

 

Sales: Every retail store depends upon the sales force to sell its merchandise. The position is an entry-level one.

Store Manager: Store managers are responsible for managing an individual store. Most store managers take on the duty of running the day-to-day operations of the store.

Retail Manager: Apart from under standing the mindset, habits and lifestyle of the customer, the Retail Manager determines the layout of merchandise, monitors stock levels, places orders for new stock, manages the supply chain and keeps and analyses.

Retail Buyers and Merchandis­ers: They are responsible for se­lecting the merchandise for a store and then physically buying the goods.

Visual Merchandisers: Retail design or visual merchandising plays an important role in this business. Designers or Visual Merchandisers are the ones who give the brand a face.

Supply Chain Distributors and Logistics and Warehouse Managers: This is amongst the most vital areas of organized retailing and normally is the differentiator between modern chains, more so when it comes to perishable goods retailing.

 

The majority of jobs are at the shop floor level or in sales. These account for approximately 60-75 per cent of the total jobs in retail. Other job opportunities are in Mer­chandising, Visual Merchandising, Customer Relationship Manage­ment and in the Marketing and Sup­ply Chain segment.

 

Institutions:

Birla Institute of Management Techonolgy

Birla Vidya Niketan,

Pushpa Vihar, Sector-IV, New Delhi-110017.

 

Asia-Pacific Institute of Management,

Opp. Pocket-E, Sarita Vihar, New Delhi-

110076 (www.asiapacific.edu )

 

Indian Retail School

N-10, South

Extonsion-1, New Delhi-110049

(www.indianretailschool.com ).

 

K J Somajya Institute of Management

Studies & Research, Vidyavihar. 9 SASMIRA, Sasmira  Marg,  Worli,

Mumbai-400030

 

Garware Institute of Career Education

and Development,

Vidyanagari, Kalina, Santacruz (E),

Mumbai-400098

 

Pearl Academy of Fashion

A-21/13, Naraina Industrial Area, Phase II, New

Delhi- 110028

www.pearlacademy.com 

 

Mudra Institute of Communications

Shela, Ahmedabad- 380058

 

ITM-CDLHP Global Leadership Centre,

ITM Campus, 25/26 Institutional Area,

Sector-4, Kharghar E, Navi Mumbai- 410210

 

Retailers Association of India (RAI)

111/ 112 Ascot Center, Next to Hotel Le Royal Merdien, Satiar Road, Andheri (E), Mumbai-400099

 

Welingkar Institute of Management Development & Research

LN Road Matunga (CR)- Mumbai-400019 and at Emen Arcade, Krishna Nagar Industrial Layout, Hosur Road, Bangalore.

 

Kohinoor Business School

Khandala

 

Apeejay Institute of Business Studies

Plot No. 23, Sector 32, Institutional Area, Gurgaon- 122001.

 

 

 

 

Source: Employment News

 

 

 

 

 

 

Related Web Pages

ADMISSION ALERTS, ENTRANCE EXAM ALERTS, JEE MAIN 2016, JEE Advanced 2016, GATE 2016, XAT 2016, JAM 2016, AICTE CMAT 2016, LSAT 2016, UPESEAT 2016, ULSAT 2016, NID DAT 2016, NIFT Test 2016, IIFT MBA (IB) 2016, NCAT 2016, DEET 2016, AILET 2016, DNB CET SS 2016, NCHM JEE 2016, NMAT 2016, CEED 2016, AFCAT-1-2016, X-GMAT 2016, NUPGET 2016, UPCMET 2016, UPESDAT 2016, VITEEE 2016, VTUEEE 2016, V-SAT 2016, DURCET 2016, CBSE AIPMT 2016, COMEDK PGET 2016, IIT HSEE 2016, GITAM GAT 2016, IGNOU OPENTMAT-XXXIX 2016, KEE 2016, UPES MET 2016, KIITEE 2016, AIMA UGAT 2016, GPAT 2016, UPSC NDA 2016, BLDEU PGET 2016, AIPGMEE 2016, MU OET 2016, SRMJEEE 2016, KEAM (KERALA) 2016, APIIT NAT 2016, UPSC CDS 2016, JEST 2016, XLRI RAPT 2016, MICAT 2016, KARNATAKA PG CET 2016, PIMS AICET PG 2016, TIFR GS 2016, NEST 2015, CAT 2015, MAT 2015, DU 2015, ATMA 2015, KSET 2015, SNAP 2015, JGEEBILS 2015, CTET 2016, UPSC (IES) 2015, BITSAT 2015, BHU UNIVERSITY, VARANASI 2015, JNU CBEE 2015, JEE (ORISSA) 2015, IBSAT 2015, IPU CET 2015, COMEDK UGET 2016, TANCET 2015, JIPMER 2015, EAMCET 2015, CUSAT 2015, SET 2015, S P Jain 2015, AIIMS (MBBS) 2015, AWES (WAT) 2015, CSIR UGC (NET) 2015, MDI 2015, AMUPMDC ASSO CET 2015, CPMEE (UTTARAKHAND) 2015, BCECE 2015, AIPVT 2015, AU CRET 2015, UPSC (ESE) 2015, AIIMS PG DOCTORAL 2015, UGC NET 2015, TISSNET 2015, MHT CET 2015, AFMC MBBS 2015, UTU UNIVERSITY 2015, MANAGEMENT COURSES, BIOTECHNOLOGY, ENGINEERING, FASHION DESIGNING, MASS MEDIA, INFORMATION TECHNOLOGY, LAW, DISTANCE LEARNING, MEDICAL, STUDY ABROAD, AMITY UNIVERSITY, NOIDA, KURUKSHETRA UNIVERSITY, IP UNIVERSITY, RESULTS, SCHOLARSHIPS, SMU, RGTU, JAMIA MILIA ISLAMIA, AIIMS, MGIMS WARDHA, NIRD, JNU, HPU, SCDL, IIFT, GRE, TOEFL, SAT, BVIMR, ICFAI, CMC, NIMHANS, IISST, IRMA, RGPV