It gives an overview of the concept of visual merchandising and lays emphasis on customer relationship management, brand management and sales management. Fashion Retail Management gives insight into the principles of fashion marketing, retail buying and merchandising and imparts basic fabric knowledge - from fiber to fabric and fabric to garment. Retail management as a specialized topics has garnered much attention mainly due to the structured research contributed by academics on the positive scope of the discipline in aiding companies achieve higher profitability.
IT plays an increasingly important role in the management of complex retail operations. Most Important Questions of Retail Management Perspectives (BRL-003) of IGNOU BBA is available here for free download for upcoming exam Your company has always done a great job with merchandising and I’d love to get the chance to learn more about that. I’ve been a fan of the brand and its designs for a long time, and it’s important for me to work for a company that I believe in. How do retail managers learn to be effective? This season includes Mostly Basic Questions. Or: B. I want to work in retail because I like the people aspect of the business. If the job you applied for has any qualifications, you may be asked about your experiences working with the skills needed for the job, but many retail jobs only require a basic skill set and the personality necessary to succeed in the job. Besides sales history and statistics, you need to have an understanding of your overall business in order to plan increases or decreases which will then dictate proper inventory levels. Shopping makes people happy when they find what they like and I’d like to be a part of … With the increasing globalization of retailing, both in terms of their points-of-sale and their points-of-supply; the information technology (IT) spend in the retail sector has increased significantly.
Almost 20% of annual retail sales occur between Black Friday and Christmas. The most important time of the year in retailing is the holiday shopping season.
It starts on Black Friday, the day after Thanksgiving.
Unlike managers in some other industries, comparatively few retail managers have degrees in management. Valerie Lipow, Monster Contributing Writer. One of the concepts we discussed in the previous module in the merchandise planning process was forecasting sales.
For most retail jobs, you can expect basic interview questions like those listed above. Retail Customer Feedback Surveys – Important Questions to Ask Are growing your sales and increasing customer loyalty big priorities at your company? Learn about the variety of challenges you'll need to prepare for. If you work in retail or own a small business, these two topics are probably always top of mind. The retail planning process begins with a sales plan.
Be an effective retail manager Being an effective manager in retail is tough. List of Research topics in retail management.