Retail Managers deal with maintaining the supply chain across the retail industry. Their prime responsibilities include managing retail stores such as inventory and manpower management, effective operations of the supply chain etc. This role primarily focuses on the network of dealers and buyers across the value chain in the retail industry.
Apart from the marketing and support responsibilities, retail managers are in turn required to develop strategies for sales forecast and resolving legal, analyzing sales figures and estimating sales forecast, health and security issues across the organization. Retail managers must maintain awareness about the various trends on the retail industry on a daily basis. This can be achieved by closely monitoring consumer feedback and following the competitors in the market.
A master’s or a Ph. D. degree in subjects such as Retail Management is advised.