Retail management is the study of management concepts and principles in relation to retail sector. Retail can be described as single interaction point between customers and sellers. This course aims at making this interaction better by applying management principles. These days, retail is a vibrant and emerging sector. There are endless opportunities in this sector in India as retail sector in India is in top five retail markets all over the world. These opportunities are only going to skyrocket thanks to “Start-up India” campaign by Indian PM Modi. The numerous areas where retail management graduates are sought for are shopping malls, movie theatres, restaurants, supermarkets, hypermarkets, retail stores etc.
Thanks to the skills developed during this course, the graduates can apply the same to set up their own business and be successful entrepreneur.
The top recruiters who are always on the lookout to hire fresh talent in retail management are listed below:
- Shoppers Stop
- Spencers Retail
- Future Group
- Lifestyle International
- Future Retail
- Bharti Enterprises
- Fabindia Overseas
- Pantaloon Retail
- Aditya Birla Group
Job Profiles:
The retail management can work for top companies at different job profiles. Some of them are displayed below in the table.
Job Profile |
Description |
---|---|
Retail Store Manager |
Responsible for tracking footfall in store, mapping competition and managing employee turnover |
Retail Sales Manager |
Needs to proactively target and acquire business by developing and delivering segment strategy. |
Regional Manager |
Responsible for profitability management, customer service experience, business development executive, sales forecasting and monitoring of competition. |
Branch Manager |
Requires monitoring and analyzing the key regional data, identifying opportunities and preparing action plan. |
Institutional Sales Manager |
Entrusted with commercial development and maintenance of commercial business. |
Service Manager |
Tasked with formulating service strategy, resolving zonal issues and managing operations across the stores. |
EMBA in Retail Management: Salary Trends
Retail management is a rewarding career given its relentless rise in India. Retail management graduates can take home lucrative salary packages. An estimation of latest salary trends in the field of retail management is displayed with the help of the graph displayed below:
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