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Indian Retail Sector Overview
1.
2. An Introduction to the Retail Sector
Size of Indian retail market ---------
-----------------------US$ 450 billion
Employees- --------------40 million
13 million new jobs will be created
by 2012
*Retail has created more jobs than
any other sector over the last five
years
3. The Myths: What Retail isn’t…..
Poor salary prospects
Graduate salary starts as high ..
Long, unsociable hours
Varied hours, giving flexibility to suit
your lifestyle
Not creative or stimulating
Brand specialists and visual
merchandisers to name just two
important roles
Dead end job
Training programs encourage your
development and progress
Anyone can do retail
Retail apprenticeships are a
recognized route in; 29% of all the
graduate join the retail
4. Careers in Retail: Key Themes
Variety
Profit
Progress
Flexibility
Lifestyle
With a huge choice of roles
and opportunities to move
around, there’s something
for virtually everyone.
5. Variety: breaking it down
Store operations
HR and training
Finance and administration
Buying
Customer contact centers
Marketing
Logistics
IT
Visual Merchandising
6. Variety: roles for everyone
Some specialized occupations
Sales assistant
Brand manager
Visual merchandiser
Senior buyer
Some broader occupations
Director of finance
HR manager
Web assistant
Customer service representative
Warehouse operator
7. Progress: Salary and Development
Earn while you learn
with an apprenticeship
Graduate training
programs starting
salaries of
Progression towards
manager level salaries of
Great perks and extras in
all posts
Continuous professional
development
8. Profit from qualifications and
experience
Retail apprenticeship routes
Retail diploma
Popular graduate career path- from virtually all
degrees disciplines
Moving from other sectors
Benefit of work experience
Summer placement
Saturday job
Dealing with customers
Work experience guides
9. Flexibility: A break from the norm
Getting away from 9 to 5
Fit your life around your work
Part-time working
Opportunity to move around the
business
10. Lifestyle: in your best interest
People often buy things they’re
interested in….
So who better to sell them?
Sport, music, technology, games……
Working with goods and services of
personal interest.
11. Trends in Retail: the current market
Retailers need to respond quickly to new fashions and
new products
Mobile retailing
Internet -e-tailing
Impact on customer interface
Websites and contact centers
Home delivery for groceries and many other items
12. Skills required: what employers
want
Employability skills
People skills
Sales skills
Personal presentation
The right attitude
Enthusiasm and reliability
Numeracy and literacy
Team working
Managerial potential
13. Careers in Retailing
Sales executive or market executive
Responsibilities
Explaining to all walk-in customers about the products and providing any additional
information that would help customers to make the right product choice.
Taking part in the entire selling process from prospecting to closing the sale.
Achieving the personal sales targets set by the store manager.
Managing in-store inventory and cash counter.
Conducting product demonstrations when necessary.
14. Store Manager
Responsibilities
Achieving predetermined monthly and annual targets.
Leading and motivating a team of in-store sales executives.
Preparing pre-sales reports like- potential client lists and sales progress charts.
Preparing post-sales reports like- daily and weekly reports.
Coordinating with logistics to ensure timely deliveries to customers and to maintain optimum
inventory levels in the branch.
Developing human resources at the branch level.
Preparing business plans for the financial quarter.
Supervising the overall merchandising of the store and designing the look of the store.
Designing and carrying out promotional schemes within the store.
15. Desired skill-set required for Sales
Executive/Store Manager
Good communication skills (ability to persuade
customer).
Patience to deal with all kinds of customers.
Good product knowledge (in terms of features).
Knowledge of competitor’s products.
Good knowledge of store dynamics in terms of hot
selling products, hot traffic spots (in the store), and
merchandising requirements.
17. Emerging career in Retailing
Sales and Merchandising Representative (SMR)
Responsibilities
Earning mind share and shelf-space of the retailer.
Educating sales teams in stores about the nature and working of the
product.
Motivating retailer’s salespersons to promote the manufacturer’s
products.
Collecting information on new products and buying patterns of retail
customers.