CERTIFICATE IN STRATEGIC RETAIL MANAGEMENT

Duration: 3 MONTHS

Course Syllabus

Introduction to Retailing
Concept of retailing, Functions of retailing, Terms & Definition, Retail formats and types, Retailing Channels, Retail Industry in India, Importance of retailing, Changing trends in retailing.

Understanding the Retail Consumer
Retail consumer behavior, Factors influencing the Retail consumer, Customer decision making process, Types of decision making, Market research for understanding retail consume

Retail Market Segmentation and Strategies
Market Segmentation and its benefits, Kinds of markets, Definition of Retail strategy, Strategy for effective market segmentation, Strategies for penetration of new markets, Growth strategies, Retail value chain.

Retail Location Selection
Importance of Retail locations, Types of retail locations, Factors determining the location decision, Steps involved in choosing a retail locations, Measurement of success of location

Merchandise Management
Meaning of Merchandising, Factors influencing Merchandising, Functions of Merchandising Manager, Merchandise planning, Merchandise buying, Analysing Merchandise performance

Retail Operations and Retail Pricing
Store administration, Premises management, Inventory Management, Store Management, Receipt Management, Customer service, Retail Pricing, Factors influencing retail prices,Pricing strategies, Controlling costs

Retail Space Management and Marketing
Definition of Space Management, Store layout and Design, Visual Merchandising, Promotions Strategy, Relationship Marketing Strategies, CRM, Retail Marketing Mix, Retail Communication Mix, POP Displays

Emerging trends in retailing
Changing nature of retailing, Organized retailing, Modern retail formats, E-tailing, Challenges faced by the retail sector

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Eligibility

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