Job Opportunity In Retail Industry In India

Retail is the sale of goods and services from individuals or businesses to the end-user. Retailers are part of an integrated system called the supply chain.

A retailer purchases goods or products in large quantities from manufacturers directly or through a wholesale, and then sells smaller quantities to the consumer for a profit

The term "retailer" is also applied where a service provider services the needs of a large number of individuals, such as for the public.

Retailing can be done in either fixed locations like stores or markets, door-to-door or by delivery.

What Is Retail Market

Retailing Definition:According to Philip Kotler “retailing includes all the

activities involved in selling goods or services directly to final consumers for personal, Non business use”

“Every sale of Goods and Services to final consumers” – Food products, apparel, movie tickets

Retail Industry in India

Indian retail market is the 5th largest market in the world by economic value

The Indian retail sector is highly fragmented with more than 90% of its business being carried out by traditional family run small stores

Retailing in India can be categorized as: Unorganized Retailing Organized Retailing

Indian Retail

Organized market: Professionally managed has a accounting

transparency with proper usage accounting standards. These include the corporate backed hypermarkets and

retail chains. Organized sector in India generates 1.13 million jobs

in 2010 Organized market in India is 8%.

Types Of Retail Market

Unorganized market: Owner lacks technical &accounting standardization. For example, owner manned general

stores,convenience stores, handcart, Kiranas store. Unorganized market in India is 92%.

Unorganized market: Rs. 583,000 crores

Organized market: Rs.5, 000 crores

Over 4,000 new modern Outlets in the last 3 years

Over 5,000,000 sq. ft. of mall space under development

The top 3 modern retailers control over 750,000 sq. ft.

of retail space 

Over 400,000 shoppers walk through their doors every week 

Present Scenario

India is the 3rd most attractive retail market for global

retailers among 30 largest emerging market

The total retail sales in India will grow from US$424

billion in 2012 to US$795.12 billion by 2015

Indian retail sector accounts for 22% of country’s

GDP.

Retail Market Size

It contributes 9% to the total employment

In the Indian retailing industry, food is the most dominating

sector and is growing at a rate of 9% annually

60% of the Indian grocery basket consists of non- branded

items

The first few companies to come up with retail chains were in

textile sector like Bombay Dyeing, Raymond’s.

Indian retail is expected to grow 25 per cent annually.

RPG Retail

Pantaloon

Tata

Landmark group

Future group

Reliance

Key Players In India

FDI up to 100% for cash and carry wholesale trading and export trading

allowed under the automatic route.

FDI up to 51 % with prior Government approval for retail trade of ‘Single

Brand’ products.

 FDI is not permitted in Multi Brand Retailing in India.

The foreign direct investment (FDI) inflows in single-brand retail trading

during April 2000 to June 2013 stood at US$ 96.96 million, as per the data

released by Department of Industrial Policy and Promotion (DIPP).

FDI In Retail

Wal-Mart StoresCarrefour GroupThe Home Depot, IncThe Kroger Co.Royal AholdMetro AGTarget CorporationAlbertson’s,Inc.Sears, Roebuck and Co.Kmart Corporation

Global Top 10 Retailers World Wide

Retail sector is an emerging market which is vibrant enough to attract a lot of employers and thus provide tremendous opportunities. This huge growth and expansion of the retail industry will result in the creation of huge demand for professionals.

One can take up a job depending on one’s interest and aptitude, since retail industry is an array of activities starting from marketing to branding. This makes retail profession one of the most demanding careers of the era.

Job opportunity in retail industry

Customer Sales Associate: It is the entry-level post of retail business. But as every retail shop is completely dependent upon the sales they get, this is one of the important posts in this profession. To be a good sales person, one should have good knowledge about the products, the shop, the customers etc. 

Department Manager / Floor Manager/ Category Manager - These are some of the posts one could handle in the store.

Store Manager: Store managers sometimes called General Manager or Store Director, are responsible for managing an individual store and its day-to-day functioning. The store manager is in charge of the employees of the store and he himself may report to a District or Area manager or the store’s owner.

Opportunities in Retail Sector

Retail Buyers and Merchandisers: They are the persons who select and buy the goods for the retail shop. They should understand the needs of the customer, should be aware of the trends in the market, and should possess great enthusiasm and energy.

Visual Merchandisers: These people give the brand a face, so they hold one of the very important positions in the industry. Being a part of concept and design one could also be a technical designer, product developer and store planner.

Retail Operation Manager: It is the duty of a retail manager to plan and coordinate the operations of the outlet. This involves the layout of merchandise, monitoring the retail orders and stock, analysing the supply etc. Candidates with Master Degree can start off as retail managers. 

Manager Back-end Operations Logistics and Warehouse Managers Retail Communication Manager Manager Private label Brands Retail Marketing Executives

Other Opportunities in Retail Sector

 A course in retail management helps one to learn the concepts of retailing, which would be helpful for future undertakings as well as practical experiences.

 Marketing strategies, Accounting, Business mathematics, ethics and law, Customer relation, visual Merchandising, Merchandising, Retail communication, Mall Management and Retail buying and operations are some of the topics related to Retail management courses.

The courses will also provide information on merchandising, finance management, electronic retail, supply chain management etc.

Eligibility & Course offered for retail sector

Indian Institutes offering Programmes/courses in Retail Management: B.Sc. in Fashion Merchandising and Retail Management

(B.Sc.-FMRM) M.Sc. in Fashion Merchandising and Retail Management

(M.Sc.-FMRM) M.B.A. -Retail Management Bachelor of Fashion Retail Management Post Graduate Certificate in Retail Management (P.G.C.R.M) Post Graduate Diploma in Marketing and Retail

Management (P.G.D.M.R.M) Post Graduate Diploma in Retail Management (P.G.D.R.M) Post Graduate Programme in Fashion Retail Management

Talented, dedicated people, who possess a wide variety of skills, are needed to effectively run a large retail business.

 It is more important to have personal skills than having professional certificates.

The most essential ability needed is an analytical mind along with good leadership qualities and positive attitude.

They must possess good communication and problem-solving skills, knack for convincing people and the ability to mingle with people at varied levels.

They must be self-confident and always be updated with the changes in the retail market and be familiar with advertising and merchandising techniques

Enthusiasm and creativity will always count able in this career. Apart from these, one should have tact, patience, and an interest in sales

work, a neat appearance and the ability to communicate clearly.

Personal Skills Required For Retail sectors

The remuneration in the retail industry depends upon the company, nature of work and the area where you work.

The average starting salary of a sales person in the retail industry is Rs 5,500 per month.

Depending on various post, the salary range varies Rs.6000 to Rs.22000 per month. 

The special packages, bonus, incentives offered are part of this career.

The remuneration outside India also varies depending upon many factors such as shops, products and places.

Remuneration for this job

A.AGILA (1341028)P.KOLANJINATHAN (1341029)S.SUBASH (1341052)