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Module Synopsis
This module is designed to stimulate student interest in retail management and career by
capturing the exciting, challenging and rewarding opportunities facing retailers today.
Students will be provided with useful skills and knowledge on developing retail strategies
and understand the financial implications of strategic retail decisions.
Topics covered include types of retailers, buying and merchandise management, setting
retail pricing and store management.
Following are the content related abilities strengthened by the curricular processes of
the module:
Retail Environment
Introduction to retailing
Types of retailers
Multichannel retailing
Consumerism and ethics
Merchandise Management
Merchandise planning
Category management
Buying merchanise
Retail Operations
Retail performance
Retail pricing
Store design and visual merchandising
Store management
Retail Strategy
Retail planning
Retail marketing mix
Application of IT on retailing
Retail location
Learning Objectives
At the end of this module, students will be able to demonstrate the following:
1. Analyse the challenges in the retail landscape and the economic significance of retailing
(Retail Environment)
2. Examine retail management decision processes in retail planning for competitive
advantage (Retail Strategy)
3. Apply merchandising techniques in the planning, management and control of product
through the retail cycle from its conception to sale (Merchandise Management)
4. Discuss retail operational responsibilities for optimizing returns (Retail Operations)
56 hr 15 26 hrs 15
min min