Best Career in Retail Sector – Starting Early to make your Career in Retail Sector
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 retail sector. 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 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 country’s GDP. With the growth in retail sector, the demand for man power is increasing proportionately. A career in 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 marketing of goods and services directly to the end Customer.Retail management refer to the work of maintaining supermarkets and hypermarkets. There is an increasing demand of 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 aptitude, people management skills, an outgoing personality, passion to do customer oriented job and persuasive skills to make a successful career in retails sector. A well trained individual can take your retail business to new heights Career in Beauty Industry
Career Prospects in Retail Sector
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. 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 retail sector.
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By Neha Singh