20 Nov 2013 transport & logistics
Applied Training Solutions is working constructively with the transport industry to improve safety and skills development in this important sector. Flexible day or evening classroom based training ava...
Retail managers take care of daily operations of a department store or retail outlet while ensuring that company policies and procedures are observed and that is the basis of retail management training.
Retail management training is for retail business owners and those wishing to progress in a retail career. It is useful to assist in a move from smaller retail businesses into department store retail opportunities and management.
A retail manager takes care of:
With the many hats a retail manager wears, he or she must be:
These qualities are further developed through retail management training in the following competencies:
Strategic planning: Retail managers need to know how to analyse the current retail market and create strategies for improving or maintaining sales growth. This is done through periodic review, evaluation, assessment, forecasting, goal setting and development of appropriate action plans.
Merchandising strategy: Visual merchandising is a powerful technique for attracting a target market and communicating corporate image. A short course should be able to teach a manager how to create a corporate image and develop a visual presentation strategy to support it, develop a product presentation process and install merchandise for promotion activities.
Merchandise buying: Choosing the right products to display and sell in a department store is crucial for generating sales. The retail manager must know how to analyse the market, plan the products range, and build relationships with suppliers with the goal of maximizing profits and store space to get the most return on investment.
Managing people and performance: A retail manager must be able to establish and maintain a workplace team to help the company achieve its performance objectives. Managing people involves coaching, instruction, imposing discipline sanctions, motivating, team building and termination of employment. Expert retail management training can help develop this competency to help a manager balance the company’s objectives with the needs of its retail staff.