What Are The Benefits Of Completing Retail Management Degree?

1. What Are The Benefits Of Completing Retail Management Degree? A retail management degree helps you choose a versatile and lucrative career path. It helps you enter an industry that continues to grow at a staggering rate. Retail management is the process that allows the consumer to procure the required merchandise from retail stores for personal applications. The primary goal here is to follow all the steps required to bring the consumer to the store and address their buying needs. If you seek to make a career in this field, it is recommended to study at the best colleges for retail management. Address : Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019. Fax: 91-22-24105585 Contact - 022-24198300/24178300

2. Explore the scope of retail management and how you can benefit from a career in this field. Scope of Retail Management Retail management continues to be a fast growing career field. It is especially a lucrative career field in India, given the fast-growing economy and the growing demand for organized retail stores in upcoming semi-urban, urban, and rural areas. This has led to the growing demand for qualified and well-trained retail management professionals. A retail management degree covers the following areas: Integrated Marketing Communication (IMC): There are much wider modes of communication available today, making things complicated and increasing the need for training in integrated Address : Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019. Fax: 91-22-24105585 Contact - 022-24198300/24178300

3. marketing communication for the success of retail businesses. This makes IMC an integral part of retail management programs. Operations Management: Operations management is an integral part of any management program. And its importance grows even further when it comes to managing retail operations with efficiency. Supply Chain & Logistics: Stocks management is an important part of managing a retail business. Thus, supply chain and logistics management are crucial subjects covered in such a management program. B2B Marketing: This is also an important part of retail management curriculum. A retail business depends on other businesses, making it essential for a retail management professional to be efficient in B2B marketing. Such a program also covers purchase and merchandising. The retail industry needs to purchase from manufacturers or producers. Address : Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019. Fax: 91-22-24105585 Contact - 022-24198300/24178300

4. This means that you will have to be trained in the process of purchasing and merchandising. Benefits of Retail Management Courses There are many benefits of completing a retail management course. i. Career Versatility Retail management programs prepare you for a versatile career that spans sales and retail industries. Once you complete a course in this field, you can work in a variety of profiles including: Retail store manager Merchandizer Product developer Supervisor Address : Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019. Fax: 91-22-24105585 Contact - 022-24198300/24178300

5. When you complete a degree in retail management, you develop better decision-making skills in the specialized field. You will develop a wide range of skillsets including: Setting up effective store layout Training and supervising staff Engaging in direct marketing campaigns Managing inventory You will also be able to develop and demonstrate strong leadership skills for employees in the retail environment. ii. Stable Career A career in retail management not only means higher average salary, but also a stable career path. You can look forward to an excellent job outlook due to the flourishing economy and constant demand for qualified and well- trained professionals in the industry. Address : Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019. Fax: 91-22-24105585 Contact - 022-24198300/24178300

6. According to studies, retail industry is likely to grow by over 78% in India between 2017 and 2021. When you complete a course in retail management, you are prepared for a lucrative and stable career. It has been found that retail managers prefer to maintain their positions for a long time and are less likely to consider switching to other industries. This is because the industry offers excellent pay and benefits. Advantages of Choosing the Right Institution While there are many benefits of choosing retail management career path, you can learn a lot from retail management course details. Some of the areas that you will excel in include the following: Customer satisfaction Address : Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019. Fax: 91-22-24105585 Contact - 022-24198300/24178300

7. Preventing issues Providing a hassle-free shopping experience Ensuring proper accounting Efficient inventory & store management So keep all these points in mind when you decide to choose a course in retail management. Address : Prin. L. N. Welingkar Institute of Management Development & Research Lakhamsi Napoo Road, Near Matunga (Central Rly.), Mumbai- 400 019. Fax: 91-22-24105585 Contact - 022-24198300/24178300