‘Retail Management’ is one of the newest specializations of management study. Retail means sale of goods, service & satisfaction for consumers. Management means the proper utilization of the resources.
Retail management is an integrated part of the supply chain management. A few years back, retail has been just the selling of goods in market places, stores, door-to-door and by hand delivery. But now. the trend has been changed in the retail market. Now, the retail industries are establishing the network marketing by online shopping, through the websites and other technology. electronic paymentsand delivery through the courier and other services.
Now, the retail management has come in the form of separate specialization.