Retail

Hi Mohit,
Shop Floor Management provides an opportunity to learn about complete store concept inclusive of space and staff productivity; inventory controls; cost control; retail information systems and retail administration.
It also enables the student to:
- Understand the various aspects in day-to-day operations in retail store
- Understand the various aspects of retail organisation and retail financials
- Provide basic understanding of retail operation in terms of space productivity, planning, coordinating and structuring of the complete store
- Understand concepts of Retail Financials in relation to store budgeting in retailing and its connectivity with store planning for efficacious operation of an organisation
Hope it helps. Please feel free to revert. Click on the thumbs up if you found this useful.
Wish You Luck!

Hi, retail management is an important part of the banking sector. All transactions/banking that deal with individuals (and not companies) are called retail banking or consumer banking. This deals with raising funds from individuals (through investment products like FDs, bank accounts, mutual funds etc.) and also giving funds to individuals (through loans etc). With the huge customer base in India, this banking is very important. There are many banks in retail banking- nationalized banks like PNB, and State Bank of India, private banks like HDFC and ICICI bank and then foreign banks like Citibank and HSBC. SCOPE FOR RETAIL BANKING IN INDIAA round increase in economic activity.Increase in purchasing power. The rural areas have a large purchasing power at their disposal and this is an opportunity to market Retail Banking.India has 200 million households and 400 million middle-class population more than 90% of the savings come from the household sector. Falling interest rates have resulted in a shift. “Now People Want To Save Less And Spend More.”The nuclear family concept is gaining much importance which may lead to large savings, and large number of banking services to be provided is day-by-day increasing.Tax benefits are available for example in the case of housing loans the borrower can avail tax benefits for the loan repayment and the interest charged for the loan. You will earn not only money in this sector but also Name and fame with it. 

It depends on the recruiter, I mean what they value more. To be general, retail industry recognises a set of four key competencies that anyone serious about carving out a career for themselves in this sector will need.
- Business Focus
- Personal Effectiveness
- Relationship Management
- Critical Thinking
These competencies include a range of typical skills that employers are looking for in applicants, such as:
- good communication and interpersonal skills
- good standard of IT and numeracy
- effective influencing and negotiation skills
- strong customer focus
- ability to work under pressure and to tight deadlines
- analysing and problem-solving skills
- commercial awareness
- flexibility
- strong time-management skills
- attention to detail
- demonstrable leadership and management qualities
Above all else, employers are looking for people who can use their initiative to look for ways of improving the way things are done, are committed to their employer and are passionate about their sector

During the last two decades the world has witnessed a sea change in the international trade practices, processes and behaviour. Liberalization has opened new horizons of international trade for its huge potential market and has also opened vistas of foreign markets for its diversified product line. After completing the masters' degree/ diploma , one can be absorbed in export houses or with merchandisers. The responsibilities assigned to a professional may be documentation related to export/import and liasoning with the tax & custom authorities. Their work also involves liasoning between exporters and port authority. Custom House Agents are required by the exporters to facilitate the custom clearance. Similarly, export managers and executives are much in demand for insurance companies particularly marine insurance corporations where they are required to assess the loss or physical damage to the goods shipped in a country. They are assigned the responsibilities of assessors, surveyors and certifiers. This is a very technical and specified job which not only requires professional competence but also demands knowledge of latest standards and legislations in international business to cope up with the situation.

Owning your own store is a dream shared by many youths in India. Retailers provide the goods & services that we need start from food, auto parts, apparel, home furnishings, appliances & electronics to advice, home improvement & many more. It is one of the fastest-growing segments of the economy.
Followings points should be taken into consideration-
1) Own or rent space in a high-traffic area. The location may not guarantee success, a bad location will almost always guarantee failure. A new retail business needs to be where the customers are.
You can choose two options-
a) Home based location
b) Commercial location
2) Apply with Municipality or Corporation for Shop Licence.

Dear Anil,
Hi,
What is Retail Management? Retail Management is the process which helps the customers to procure the desired merchandise form the retail stores for their personal use. It includes all the steps required to bring the customers into the store and fulfill their buying needs. Retail management saves time and ensures the customers easily locate their desired merchandise and return home satisfied.
The fashion and textile industries are complex, global enterprises that rely heavily on customer behavior, fluctuating trends and short product life cycles. Fashion retail management involves using merchandising and business strategy to ensure that products reach customers in the most cost efficient way possible. Retail environments range from small boutiques to large department stores.
Job prospects in this field are good, although these positions can be stressful. In addition, you can gain employment in this field by meeting minimal education requirements. Most training is performed on the job, and advancement is available through work experience. Three specialization areas you may wish to consider include retail sales worker, sales manager and marketing manager.
kindly refer the links for more details
https://www.shiksha.com/career-as-career-in-retail-cc-110
https://www.shiksha.com/career-as-fashion-merchandiser-cc-47
https://www.shiksha.com/choose-colleges-to-study-fashion-in-delhi-ncr-article-5207-1
https://www.shiksha.com/mba/course/mba-fashion-merchandising-retail-management-footwear-design-development-institute/698
Hope it will help you, feel free ask more. Give thumbs up or mark this answer as best if you found it helpful.