Tuesday, 22 January 2013

Career Opportunities in Fashion Retail Management

The aftermath of the global economic crisis had a tremendous impact on the global outlook of world economy. Amidst the dark clouds of an impending crisis looming in all industries and sectors, many countries went for a revival plan. Fortunately, one of the industries that sailed safely through the shock waves of a tough global economy was the retail sector.

The story of India’s retail sector, especially the fashion industry has been particularly impressive in the recent past years. The growth in this industry has been phenomenal to the extent that the retail industry has contributed for 22% of all the GDP of this country.

Thanks to the establishment of several national and international brands, upcoming hyper/super markets, luxurious shopping malls and departmental stores, the growth in the retail sector has been amazing. According to a 2011, BMI India Retail Report, the retail sale in India will grow from US$ 411.28 billion in 2011 to US$ 804.06 billion by 2015. Moreover, out of the unorganized and organized segments, the organized retail segment is growing at 25% annually and is projected to have a share of US$ 200 billion by 2020.

These statistics are very encouraging and reflect the rise of opportunities in the retail sector. As national and international brands continue to invest heavily in the Indian market, there has been an increased demand for trained professionals in the industry to handle the growing retail market. The need for well-qualified experts in fashion retail management is been seen as a top priority by domestic and international brands like Pantaloons, Shoppers Stop, Madura, Wills Lifestyle and the likes, global retail giants like ZARA, GAP, Gucci, Levi’s, UCB, Marks & Spencer.

Keeping in mind the unprecedented opportunities in this industry, The Post Graduate Diploma (PGDM) in Fashion Retail Management, a 4 semester program has been designed to fulfill the burgeoning human resource needs of the modern fashion retail industry. At NITRA, the program imparts quality training and exposure to students in course related to fashion retail management. Students interested in this emerging career choice can visit this link to know more about NITRA’s PGDM course in fashion and retail industry.