Today retail Industry is not just expanding but also getting more organized. This shift has attracted many to join courses related to retail industry such as retail marketing and merchandising. The rising trend in retail industry is generating new jobs for educated and specialized staff in the world of fashion retailing. A person having degree and experience in such field is able to demand higher pay packages. If you have interest in retail industry, you can see a brighter career.
Want to know if you really a cut for career in Retail Industry ? Answer these questions:
- Do you have potential to handle large and diverse activities with strong customer orientation-always staying a step ahead of your customer and anticipating his/her need.
- Do you have ability to keep a sharp eye on current sartorial Trends and fabric
- Do you have have excellent people skill
- Do you have experience in warehousing and retail supply chain
- Do you have buyers to source products directly from manufacturers, quality control managers, merchandiesers to pick the right products and track their off-take.
If your answers to two or more of these questions are yes, then maybe you should try looking into the building a career in Retail Industry.
India with the entry of mega shopping malls, retail chains and departmental stores like shopper`s stop, Big Bazaar and crossroads.Indian corporates such as RPG, Tata,Pantaloon, Raymond’s and host of prestigious brands are entering the space and betting big on Retailing.which only goes to underscore the need for trained professionals in this steady growth industry.overall the retail sector is slated to grow at retail offer tremendous potential for growth.It is expected to generate 2-3 million jobs over the decade.consists of the sale of goods or merchandise from a fixed location, such as a departmental store , or by post, in small or individual lots for direct consumption by the purchaser.Retailing may include subordinated services, such as delivery. Purchasers may be individuals or businesses. In commerce, a retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesalers, and then sells smaller quantities to the end-user. Retail establishments are often called shops or stores. Retailers are at the end of the supply chains. Manufacturing marketers see the process of retailing as a necessary part of their overall distribution strategy. Shops may be on residential streets, shopping streets with few or no houses, or in a shopping center or mall, but are mostly found in the central business district. Shopping streets may be for pedestrian only. Sometimes a shopping street has a partial or full roof to protect customers from precipitation
With large organized departmental chains invading the metros and the growth of the consumer class, retail management has begun to occupy an important link in the marketing chain.No longer confined to small businessmen ad mom–and-pop stores, organized retailing is one of the fastest growing sectors in our country. India retail industry is expanding itself most aggressively, as a result a great demand for real estate is being created. Indian retailers preferred means of expansion is to expand to other regions and to increase the number of their outlets in a city. It is expected that by 2010, India may have 600 new shopping centers.
Employment Oppurtunities:
- Generally large retail outlets require people with more specific training in diverse functional areas with specific skills and-sets including techies and MBAs and those trained in the hospitality Industry
- Retail industry needs warehouse and retail supply chain managers
- Quality control Managers
- Merchandisers to pick the right products and track their off-take
- visual merchandisers and store layout specialist to create the right feel and ambience within store
- store managers to supervise the day to day running of the outlet
- HR Specialists for staffing
- People required for customer support
- Facilities Management
- Efficiency and profitability Experts
In retail industry your salaries can be double in couples of years and carer progression is swifter then elsewhere.You can being a customer care executive to floor managers within a year then from floor managers your next promotion will be a Departmental Managers and ultimately store Managers.Salaries in retail Industry are competitive: Rs 1.20-1.80 lakh p.a for management trainees, Rs 12000-15,000 p.m. for merchandisers and Rs 4,000-6,000 p.m. for front-end sales executives.
Useful References:
Hypermarket
Big Bazaar Retail Industry : http://www.bigbazar.com/
Department store
Lifestyle: http://www.lifestylestores.com/
Pantaloons Retail India pvt. Ltd. : http://www.pantaloon.com/
Shoppers Stop: http://www.shoppersstop.com/
Entertainment
Fame Adlabs: http://www.famecinemas.com/
Inox: http://www.inoxmovies.com/
PVR: http://www.pvrcinemas.com/
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