Retail Management 101

Welcome to the dynamic world of Retail Management where you will gain a basic understanding of retailing and merchandising, and you may be able to start your own retail business!

Enroll in this short course to improve your basics in retailing at no time!

This course will cover the core concepts of retailing in a crisp manner. As a result, you will be able to easily remember what has been taught.

This course will teach you the overall process of retail strategy and planning. You will learn how to evaluate the opportunities and threats facing a prospective or existing retailer. We call it situational analysis. After the analysis, we will discuss the plan of action to realize the organization’s mission.

Moreover, you will learn the techniques to reach the target market and develop an overall strategy.

In this short course, we have also covered retail pricing. We will discuss the various pricing objectives and methods that retailers can use to determine the best pricing approach to use in their businesses.

You will also learn how to calculate markup and margins. In short, we will discuss factors considered in price optimization and dynamic pricing. Finally, this course will discuss a little bit about merchandising philosophy as well.

This course will be divided in 3 sections:

1. Introduction to Retail Management : In this section, we will cover the basics. You will learn about retailing and retail management, current trends and career opportunities.
2. Retail Strategy and Planning: This section is a handy guide for you to develop your own strategy in the retail business and management.
3. Retail Pricing and Merchandising: Learn about retail pricing, pricing elasticity, objectives visual merchandising and store layout.

So, why wait?

Jump into the innovative world of retailing with this micro course.