Retail

Dear jyoti,
Hi,
RM is no doubt a growing sector worldwide but the factors affecting it are as follows: 1) Local people. 2) there Environment 3) Boring physical store experiences 4) Shopping using smartphones isn't great 5) Reduced privacy in exchange for deals 6) Too much discounting hurting the bottom line 7) Technology 8) Economic Challenges 9) Wrong location. 10) Not focusing on the fundamentals.
Retail Management Employment Opportunities: Retail outlets Export houses Departmental stores Manufacturers Financial institutions for marketing IT and BPO Education sector Publishing houses Healthcare product manufacturers Sports equipment and sports gear manufacturers
you can also visit the links given below:
https://www.shiksha.com/gleam-of-career-in-retail-management-article-3969-1
https://www.shiksha.com/career-as-career-in-retail-cc-110
https://www.shiksha.com/scope-of-retail-management-article-5815-1
https://ask.shiksha.com/career-opportunities-in-retail-management-dscns-3347707
https://www.shiksha.com/scope-of-retail-management-in-india-is-growing-survey-article-3174-1
Hope it will help you, feel free ask more. Give thumbs up or mark this answer as best if you found it helpful.

Dear vibhu,
Hi,
Retail buyers purchase goods for re-sale to the public. A retail buyer takes current inventory, sales trends, supply chain and customer needs into account when deciding what to buy from suppliers and sell through their company.
Retail buyer Job description:
A retail buyer is responsible for planning and selecting a range of products to sell in retail outlets. The buyer must consider the following factors when making purchasing decisions:
• customer demand, including price, quality and availability;
• market trends;
• store policy;
• Financial budgets.
Buyers source new merchandise and review existing items to ensure products remain competitive. By fully understanding customer needs, they are able to maximize profits and provide a commercially viable range of merchandise at competitive prices.
Throughout the year, responsibilities typically involve:
• analyzing consumer buying patterns and predicting future trends;
• regularly reviewing performance indicators, such as sales and discount levels;
• managing plans for stock levels;
• reacting to changes in demand and logistics;
• meeting suppliers and negotiating terms of contract;
• maintaining relationships with existing suppliers and sourcing new suppliers for future products;
• liaising with other departments within the organization to ensure projects are completed;
• attending trade fairs, in the UK and overseas, to select and assemble a new collection of products;
• participating in promotional activities;
• writing reports and forecasting sales levels;
• presenting new ranges to senior retail managers;
• liaising with shop personnel to ensure supply meets demand;
• getting feedback from customers;
• Training and mentoring junior staff.
definitely there is good career scope in it.
you can visit the links given below:
https://www.shiksha.com/career-as-a-retail-buyer-article-5256-1
Hope it will help you, feel free ask more. Give thumbs up or mark this answer as best if you found it helpful.

Hi Vibhu,
Some of the courses offered in Retail management through distance mode are:
- Narsee Monji Institute of Management Studies (NMIMS)- Post Graduate Diploma in Business Management (2 Years)- Retail Management
- Symbiosis Center for Distance Learning- Post Graduate Diploma in Retail Management (1 Year)
- Prin LN Welingkar Institute of Management- Post Graduate Diploma In Management
- Amity University, (Distance Learning)- PG Diploma in Material Management(1 Year)
- Amity University, (Distance Learning)- PG Diploma in Retail Management (1 Year)
- ICFAI University- Diploma in Retail Management (1 Year)
You can refer the link for more colleges:
https://www.shiksha.com/mba/colleges/distance-correspondence-mba-in-retail-colleges-in-india#cateSearchBlock
Hope it helps. Please feel free to revert. Click on the thumbs up if you found this useful.
Wish You Luck!