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There is more to retail management that the "stack 'em high, sell 'em cheap philosophy". The science of retail management has come of age and there are certain very sophisticated methods now used to entice customers into a store and to encourage thyme to buy products. These methods vary slightly and are tailored to the type of product and the type of customer the store or product is targeted toward.
Students on a retail management course may learn a variety of valuable skills that can be used across a wide range of industries with a retail aspect. You may learn about profit ands loss, accounting, storage, storage costs, returns, law, health and safety, human resources, procurement, psychology, discounting, pricing strategy, and marketing. You might also get involved with various varieties of software used to track sales or inventory. Some sophisticated software can even reorder stock automatically.
Even if you decide that a particular area of retail management appeals you can still use your skills elsewhere such as fast moving consumer goods (FMCG) or food retailing, This is important should you change your mind or a particular industry takes a downturn forcing you to re-evaluate the industry in which you work. You may find an entry-level position as a junior level manager within a nation or statewide chain. You may find a much higher level of responsibility if you opt for a family run business. Some global retailers have excellent quality management training programs if you decide that you want to go even further within the same company.