Careers in the Retail Industry Todd Davis College Recruiter Elder-Beerman Stores Inc. The Industry There are more than 1.5 Million retail establishments accounting for 3 Trillion dollars in annual sales They employ over 20 Million people and will increase to 24 million by 2005 This includes department stores, specialty stores, and online retailers Why choose retail? Entrepreneurship “It’s like having your own business without all the risk” Responsibility Within 3 years you can be responsible for Millions of $ in volume Challenging Every day you are presented with a challenge Opportunity You can have many different positions in retail What kinds of positions are available? Merchandising Buying (Buyer/Assistant Buyer) Responsible for: Financial Plans Planning (Analyst or Planner) Promotional strategies Responsible for: Negotiating with vendors Unit plans Merchandising Strategies Store plans Selecting Product Placement of Merchandise What kinds of positions are available? Store Management Store Manager/Area Sales Manager Responsible for: Driving sales Developing a selling team Location operations Implementing Merchant plans Selling Credit Accounts What kinds of positions are available? Advertising and Sales Promotion Design Copywriting Special Events Information Systems Tracking Networking Human Resources Training and Development Recruiting What are the characteristics of people in retail? Entrepreneurial Leadership qualities Managerial skills Good Communicators Multitasking ability Conflict resolution skills Calculated risk taker Summary Retail is an industry that rewards and promotes performance The opportunities are endless You can move up quickly Every career in retail is what you make of it, you are in control of your own destiny