Course Syllabus
Course Title: Retail Marketing
Course Duration: 3 months (part-time)
Course Objectives:
- To provide learners with an understanding of the retail marketing environment
- To equip learners with the skills necessary to develop effective retail marketing strategies
- To enable learners to identify and target specific retail market segments
- To provide learners with the ability to create an effective retail store layout and location plan
- To help learners in enhancing their career growth and self-employment prospects
Course Overview:
Module 1: Introduction to Retailing
- Understanding the concept of retailing
- History of retailing in India
- Types of retail formats
- Key challenges in retailing
- Case study: Real-life challenges in the retail industry
Module 2: Retail Marketing Environment
- Understanding the retail marketing environment
- Factors influencing retail marketing decisions
- Understanding consumer behavior in retail
- Trends and challenges in retail marketing
- Case study: Analyzing the retail marketing environment
Module 3: The Retail Marketing Segmentation
- The concept of retail marketing segmentation
- Identifying and targeting specific market segments
- Market research for retail marketing segmentation
- Case study: Developing a retail marketing segmentation strategy
Module 4: Store Location and Layout
- Importance of store location and layout in retail marketing
- Factors influencing store location decisions
- Creating an effective store layout plan
- Case study: Designing a store location and layout plan
Module 5: Retail Marketing Strategies
- Developing an effective retail marketing strategy
- Understanding the product mix in retail marketing
- Promotional strategies for retail marketing
- Case study: Developing a retail marketing strategy for a new product launch
Module 6: Retail Merchandising
- Understanding the concept of retail merchandising
- Creating an effective visual merchandising plan
- Managing inventory in retail merchandising
- Case study: Designing a retail merchandising plan
Module 7: Private Branding in Retail
- The concept of private branding in retail
- Developing a private branding strategy
- Challenges and opportunities in private branding
- Case study: Creating a private branding strategy for a retail business
Module 8: Integrated Marketing Communication in Retail
- Understanding integrated marketing communication in retail
- Creating an effective communication plan for retail
- Managing customer feedback in retail communication
- Case study: Developing an integrated marketing communication plan for retail
Module 9: Retail Pricing
- Understanding retail pricing strategies
- Factors influencing retail pricing decisions
- Managing price promotions in retail
- Case study: Creating a pricing strategy for a retail business
Module 10: Customer Relationship Management in Retailing
- The importance of customer relationship management in retailing
- Creating a customer relationship management plan
- Managing customer loyalty in retail
- Case study: Implementing a customer relationship management plan in a retail business
Module 11: International Retailing
- Understanding the concept of international retailing
- Challenges and opportunities in international retailing
- Creating an effective international retailing strategy
- Case study: Analyzing an international retailing market
Module 12: E-Tailing and Rural Retailing
- Understanding e-tailing and its impact on retail marketing
- Creating an effective e-tailing strategy
- Understanding rural retailing and its challenges
- Case study: Developing an e-tailing and rural retailing strategy
Course Teaching Methodology:
- Interactive lectures with practical case studies
- Group discussions and problem-solving exercises
- Role-play simulations and mock presentations
- Online learning resources and self-assessment tools
- Assignments and projects to apply learning in real-life scenarios
Importance for Learners in Career Growth and Self-Employment:
- Enhancing employability by acquiring essential retail marketing skills
- Building the ability to develop effective retail