Retail Insights & Sales Mastery
Track Service Management
Duration 30 hours
Skill Level Beginner
Language English

About this Course

Gain practical insights into retail operations, consumer behavior, and effective sales strategies.
Learning Mode: Learn at ALC or at Home

Detailed Course Curriculum

Hands-on module breakdown aligned with MKCL production standards and industry requirements.

  • Introduction to Retail in India
  • Introduction to Retail
  • History of Retail
  • Prevalence of Retail in the Modern World
  • Importance of Retailers
  • Introduction to Retail in India
  • Retail Industry : Overview
  • History of Indian Retail
  • Modern Indian Retail Formats
  • Introduction to Retail Operations and Key Terminology
  • Wholesale
  • Logistics
  • Inventory
  • Supply Chain
  • Procurement
  • Barcodes
  • Chargebacks
  • Coupons
  • Merchandise
  • Markdown
  • Markup
  • Charge Slip
  • Sale
  • Credit
  • Trade Discount
  • Stock Keeping Unit
  • E-Wallet
  • Point of Sale (POS)
  • Introduction to Types of Retailers
  • Convenience or Mom and Pop Stores
  • Departmental Stores
  • Shopping Malls
  • Discount Stores
  • Supermarkets
  • Street Vendors
  • Online Stores
  • Introduction to Types of Business Ownerships
  • Sole Proprietorship
  • Partnership
  • Limited Liability Partnership (LLP)
  • Private Limited Companies
  • Who Should you Partner with?
  • Types of Capital
  • Communication Skills I
  • Communication Skills II
  • Introduction to the Four P’s of Marketing
  • The Four P’s of Marketing
  • Product
  • Price
  • Place
  • Promotion
  • The Three New P’s of Marketing
  • People
  • Process
  • Physical Evidence
  • The Promotional Mix in Retail Marketing: Scenario
  • What is a Promotional Mix?
  • Introduction to the Promotional Mix in Retail Marketing
  • Need and objectives of promotional mix
  • Promotional mix strategies: Planning and implementation of
  • Elements of promotional mix
  • Scenario: Retail Marketing Collateral
  • Introduction to Retail Marketing Collateral
  • Signage
  • Advertising
  • Coupons
  • Digital Marketing
  • Introduction to Customer Service in Retail
  • Strategic Advantage Through Customer Service
  • Challenges in Providing Consistent High-Quality Service
  • Customer Service Approaches
  • Key Takeaways
  • The Gaps Model
  • The Knowledge Gap
  • The Standards Gap
  • The Delivery Gap
  • The Communication Gap
  • Introduction to Relationship Marketing
  • Recognising the Seriousness of a Customer’s Concerns
  • Empathise with the Complaint
  • Gaining the Customer’s Respect
  • Repeat Business
  • How to Cater to & Look After the Needs of Current Customers
  • Consumption History and Products Consumers Need
  • Introduction to Customer Relationship Management (CRM)
  • Overview of CRM Process
  • Generating and Managing Customer Database
  • Privacy and CRM Programs
  • Identifying Regular Customers and Providing Services
  • Customer Pyramid
  • Personalisation
  • Implementing CRM
  • Customer Lifetime Value
  • How to Calculate CLV?
  • Importance of CLV
  • How to Increase CLV?
  • Customer Lifetime Value: Case Study
  • Introduction to Building Strong Brands
  • How to Make Branding Work
  • Role of Brands in Retail
  • Scope of Branding
  • Brand Equity
  • Introduction to Problem Solving
  • What is Problem Solving?
  • Stages of Problem Solving
  • Skills Needed for Problem Solving
  • Use of Resources to Manage Knowledge
  • Introduction to Problem Solving
  • How Technology Helps Solve Retail Problems
  • Product Availability
  • Asking Questions
  • 3D Technology
  • Social Media
  • Email Marketing
  • Technology for Travel
  • Cashless Payment
  • Augmented Reality
  • Crowdsourcing
  • Scenario: Handling Difficult Customers
  • Introduction to Handling Difficult Customers
  • Introduction to Sales
  • What is Selling
  • Types of Sales
  • Importance of Sales in Industry and How it Drives the Organisation
  • How Sales Organisations are Structured
  • Introduction to Types of Sales
  • Push Marketing
  • Pull Marketing
  • Solution Selling
  • Introduction to Ethical and Sustainable Retailing
  • Ethics in Retailing
  • Sustainable & Green Retailing
  • Dignity of Labour
  • Equal Treatment of Customers
  • Instil Values in the Workplace
  • Controlling Food Wastage
  • Arohana: Interview
  • Introduction to Organisational Structure in Retail Organisations
  • Organisation of a Single-Store Retailer
  • Organisation of a National Retail Chain
  • Organisational Design Issues
  • Introduction to Careers in Retail
  • Intermediate Jobs: Overview
  • Client Service Representative
  • Skills Needed
  • Entry-Level Jobs: Overview
  • Cashier
  • Management Jobs: Overview
  • Store Manager
  • Skills Needed
  • Buying and Merchandise Jobs: Overview
  • Visual Merchandise
  • Skills Needed
  • Entrepreneurial Opportunities
  • Definition- Consumer
  • How to Study Consumer Behaviour
  • Types of Consumer Behaviour
  • Factors that Influence Buyer Behaviour
  • Social Factors
  • Personal Factors
  • Gwalior Suiting Ad
  • Raymond Ad
  • Psychological Factors
  • New Emerging Lifestyles of the Urban Consumers
  • Introduction to Consumer Behaviour
  • Definition of Consumer Behaviour
  • Explanation of Consumer Behaviour
  • Terms of Consumer Behaviour
  • Need of Studying Consumer Behaviour
  • Introduction to the Buying Process
  • The Buying Process
  • Need Recognition
  • Stimulating Need Recognition
  • Information Search
  • Introduction to Buying Decisions
  • Buying Decisions
  • Brand Loyalty
  • Social Factors that Influence Buying Decisions
  • Introduction to Merchandising
  • Retail Merchandising
  • Retail Merchandising: Tips and Tricks
  • Cross Merchandising
  • Visual Merchandising
  • Agrikatta: Interview
  • Introduction to Visual Merchandising
  • What is Visual Merchandising
  • Fixtures
  • Presentation Techniques
  • Creating a Pleasing Atmosphere
  • Keeping Competition at Bay
  • Introduction to Merchandise Planning
  • Merchandise Category- The Planning Unit
  • Evaluating Merchandise Management Performance
  • GMROI
  • Measuring Sales to Stock Ratio
  • Merchandise Management Process
  • Forecasting Sales
  • Introduction to Understanding Fashion
  • Customer Needs Satisfied by Fashion
  • Stages in the Fashion Life Cycle
  • Creation
  • Adoption by Fashion Leaders
  • Spread to Large Consumer Groups
  • Saturation
  • Decline in Acceptance and Obsolescence
  • Introduction to Brand Switching
  • Reasons for Switching Brands
  • Price Does not Match Value
  • Brand Fatigue has set in
  • Poor Customer Service
  • Poor Knowledge of Target Audience
  • How to Avoid Brand Switching
  • Introduction to Product Category Management
  • 8 Step Process of Category Management
  • The Reasons for the Emergence of Category Management
  • Components of Category Management
  • Role of a Category Manager
  • Introduction to Store Layout and Design
  • Grid Layout
  • Racetrack Layout
  • Free-flow Layout
  • Signage and Graphics
  • Feature Areas
  • Dressing Rooms
  • Billing
  • Planograms in the Retail Industry
  • Introduction to Target Setting
  • Concept of Sales Target
  • Types of Sales Target
  • Setting Realistic Sales Targets
  • Having and Maintaining an Optimistic Mindset
  • Introduction to Measuring Performance Objectives
  • Principles of Performance Objectives
  • Setting Performance Objectives: Top-Down Vs. Bottom-Up Processes
  • Types of Measures
  • Assessing Performance
Eligibility Criteria
• Basic knowledge of computers and keen desire to build skills in this field.
• Open to students, job seekers, and working professionals.
Official Certification
• Official MKCL KLiC Certificate upon successful completion of the course and evaluations.
Work-Centric Learning Approach
• Step 1: Learners are given an overview of the course and its connection to life and work
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!

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