Best Career in Retail Sector – Starting Early to make your Career in Retail Sector
A career in Retail Sector
Shopping is now more of a hobby than a need. With the widespread growth of globalization, spending power has increased and thanks to sprawling malls and supermarkets, etc, where all the items are available under a single roof. This clearly indicates the widespread growth and need of the retail sector.
The retail sector is the one-stop-shop for all individuals wanting to purchase any kind of product and services from the market. This sector is deeply penetrated even in the rural parts of India, indicating the importance this sector holds for the Indian economy. The key segments in this sector are food and grocery, clothing and textiles, consumer durables, footwear, jewelry, books, etc.
Indian retail sector contributes to 14% of the country’s GDP. With the growth in the retail sector, the demand for manpower is increasing proportionately. A career in the retail sector is one of the most promising career options. You won’t ever be regretting your decision if you decide to make a foray in this sector.
Starting Early to make your Career in Retail Sector
Retail involves all the activities in the marketing of goods and services directly to the end Customer. Retail management refers to the work of maintaining supermarkets and hypermarkets. There is an increasing demand for retail management professionals, to process merchandise shipments, achieve store sales and profitability, administration, and achieve customer satisfaction. A lot of institutes in India offer advanced courses in retail management.
The top MBA colleges like IIMs offer specialized courses in retail management. Various other institutes offering management courses in this sector are K.J. Somaniya Institute of Management Studies and Research, Kohinoor Business School, Apeejay Institute of Business Studies, Birla Institute of Management Tech. etc. Students opting for these courses could be trained in sourcing and procurement, merchandising, supply chain management, store operations, product development, promotion, pricing, marketing, etc, thus making them an indispensable part of the growing retail industry.
A well-trained individual can take your retail business to new heights. One must have a good attitude, people management skills, an outgoing personality, passion to do customer-oriented job, and persuasive skills to make a successful career in the retails sector. A well-trained individual can take your retail business to new heights
Career Prospects in the Retail Sector
The retail industry has a dynamic nature and India takes pleasure to keep its retails industry at par with the rest of the world. Spending patterns are changing and consumers are now more demanding and knowledgeable. The retail sector is therefore the fastest-changing and most vibrant industry. There are various job options available in this sector. An individual can work as store manager, visual merchandiser, technical support manager, mall manager, retail trainee, sales floor executives, etc. in this sector. Job opportunities are available at retail outlets, export houses, departmental stores, publishing houses, etc. With many big retail groups like Reliance, AV Birla Group, , Pantaloon Retail, Piramal Group are amongst the top recruiters in this sector. Good remuneration is an additional reason for youngsters to choose a career in the retail sector.