Retail Management is the process that takes into consideration every step required in the fulfillment of the buying needs of customers by virtue of their presence in the retail store. Of importance to the retail management career is the right personality, and experience. Below are 5 top courses you can take in Retail Management:
Introduction to Retail Management
Introduction to Retail Management is a Business & Management online course offered by the Indian Institute of Management, Bangalore in India. It is an introductory class taught in English for 6 weeks, 3-5 hours per week. The only prerequisite is willingness to know the basics of retail management. The course covers evolution of formats used in retail business models, with focus on the brick and mortar format; retail strategy and its terminologies, constituents, and challenges; and maintenance of competitive advantage in retail sector.
Retail and Omnichannel Management
Retail and Omnichannel Management is a Business & Management program offered by the the Dartmouth College in the United States. The program is taught in English for 3-5 hours per week, for 2 months. The program is divided into 2 courses: Retail Fundamentals, and Omnichannel Strategy and Management. These courses are open to retail owners, store managers, retail specialists, undergraduate business majors, and anyone else with an interest in the key components of retail business, alongside understanding needs of omnichannel customers, fulfilling omnichannel demand, supporting omnichannel strategy, and navigating the omnichannel journey.
Retail Fundamentals is course 1 of 2 in the Retail and Omnichannel Management Program, offered by the Dartmouth College in the United States. The instructions are given in English for 3-5 hours per week, for 4 weeks. A prerequisite for the course is basic undergraduate mathematics. Through use of practical classes, and simulation tools, the 4 key components of retail business: Demand Forecasting (generation and evaluation); Inventory Decisions (planning and optimization); Product Assortment Planning (thoughts and decision making); and Pricing (finding the best prices), are thoroughly covered.
Channel Management and Retailing
Channel Management and Retailing is course 3 of 5 in the Marketing Mix Implementation Specialization program offered by IE Business School in Spain. The course is spread over 4 weeks using 35 videos, 15 readings and 5 quizzes for a period of 8 hours, all taught in English with subtitles in English and Korean. The purpose of the class is to intimate the students on new trends in retailing, retail and strategy mix, and how distribution channel planning and management improve business performance.
Management of Fashion and Luxury Companies
Management of Fashion and Luxury Companies is an online course offered by the Universita Bocconi in Italy. The course is taught in English using 51 videos, 17 readings, 2 quizzes and 1 final test, for approximately 18 hours. Subtitles are also available in English and Persian. Students interested in gaining skills in luxury goods, business model, strategic management, and brand management will find this course most helpful. Other points of discussion are business models and their evolution, product development process, impact of new retail and media channels, image identity and communication process.
All the courses described are free to audit; however, a small fee is required to purchase a certificate of completion, and financial aid is available for those who qualify.