Retail Presented by Will Chritton What is retail

Retail Presented by Will Chritton

What is retail? Retail is defined as the sale of goods or merchandise from a fixed location such as a store or a kiosk.

Examples of Retail Stores

Employees in Retail Stores • • Cashiers Salespersons Inventory Management

Cashiers • Cashiers are usually an entry level position into retail. They are responsible for totaling the amount of the purchase and then receiving payment.

Salespersons • Salespersons are responsible for assisting customers. They answer questions of the consumer and help them find what they need.

Inventory Associates • Inventory associates make sure that stores have product to sell. They remove product from delivery trucks and put them into warehouses and on the sales floor.

Management • Retail managers are responisible for making sure the store runs smoothly. They are responsible for resolving customer disputes and making sure the store is earning a profit.

Think that you can handle it?

What Degree do I need? • Business Management • Fashion Merchandizing • Public Relations • Conflict Management All of these are just a few examples of degrees that are necessary to be successful in retail.

MONEY! • While most starting in retail earn close to minimum wage, there is much potential for pay increases due to promotions. • Most cashiers start at around $13, 000 a year. • Most General Managers earn close to $100, 000 a year including bonuses and commissions.

Why I picked this career? • Ever since I can remember I wanted to work in a store. I loved the people, the environment and the constant exchange of money. Retail is a very fast paced and challenging career. In order to be successful, one must be highly motivated, outgoing, and able to multi-task.

How are computers used? • Point of Sale (POS)-POS is a way of ringing out sales that are connected to inventory systems and banks for credit cards. • Just in time inventory system (JIT)-A way to order in product as product is sold to avoid being out of stock of a product or burdened with excess inventory

Continued • Scheduling-Many employers are now using computerized scheduling programs such as Staffworks to schedule employees according to projected buisness needs. • Payroll-On a computer employees can punch in and out for their shifts and payroll can be processed with a click of the mouse saving a large amount of time.

E-Stores • Many retailers are shifting from a brick and mortor store to a 24/7 webpage where consumers are able to have access to product specifications and place orders around the world saving money and time.