What Is Retail Management?
The word retail means ‘to sell in small quantities to the final consumer.’ Retail is much more than attending to customers on the shop floor or across the counter. Retailing is big business today, with plenty of diverse opportunities. As a Retail Manager, you will plan and co-ordinate the operations of retail outlets be it small franchisees like specialty shops, fast food chains, or sections of supermarkets or department stores. Retail careers mainly fall into two main categories: those involved in merchandizing, which means purchasing the goods offered for sale, and those involved in selling goods to the public.
Retail management has become one of the fastest growing careers in the industry with the tremendous growth in the economy. Retail Market of India is the most attractive and emerging market in the world.
When Can I Enroll for Retail Management?
Retail Management Programme
H. S. C. / Graduate
6 Months to 1 Year
Postgraduate Diploma in Retail Management
PGP in Retail Management
18 Months to 1 Year
CART / CAT / XAT / MAT/ Autonomous Exam
18 Months to 2 Years
NMAT / GMAT/ GRE/ CAT/ MAT/ ATMA/ CET
Selection Procedure: Written Entrance Test + Group Discussion + Personal Interview
Note: – Some institutes may take candidates who have 2-3 years of experience in related field.
What Personality Traits Are Required to Become a Retail Manager?
- Drive and Enthusiasm
- Excellent Communication Skills
- Good Level of Numeracy and IT Skills
- Good Risk Assessment Skills
- Interpersonal Skills
- Negotiation and Persuading Skills
- Strong Customer Focus
What Aptitude Is Required to Become a Retail Manager?
- Above Average Analytical Skills
- Average Numerical Ability
- Above Average Closure Ability
- Average Verbal Ability
IQ Required to Become a Retail Manager
Minimum Average level of Intelligence along with hard work & consistency is preferred
Job Prospects for an NGO Management
- Retail outlets
- Food chains
- Hospitality sector