Trends and Skills in Retailing Industry

MG410 - CAREER
VIEWPOINT (CW1)

Table of Contents
INTRODUCTION ..........................................................................................................................3
ANALYSIS AND APPLICATION.................................................................................................3
Trends and their impact on Retailing industry.............................................................................3
Required key skills or experience for dealing in retailing sector.................................................4
EVALUATIONS ............................................................................................................................6
REFERENCES................................................................................................................................1
Appendixes..................................................................................................................................3

INTRODUCTION
Retail industry is the process where consumer through the multiple channels of
distribution for earning amount of profits. They basically satisfied demand in identifying through
supply chain in market. It also refers to the activities in which they sell their products and
services directly to consumer or end-users (Yuliansyah, Gurd and Mohamed, 2017). This report
explain about general trends impacts of retailing industry along with various skills and
knowledge that are to be required. Also, evaluation about the vacancy while by providing
appropriate jobs. I have chosen to retail industry as because I have more interest in doing
research about retailing sector. Furthermore, I think that while by doing this report I can gain
more knowledge and developed my skills as well knowledge.
ANALYSIS AND APPLICATION
Trends and their impact on Retailing industry
There are various trends which are being evolving in retailing industry and has direct and
major impact over this sector. The impact can be said as both which means positive and negative.
This means that there are many trends which puts positive impacts in the form of raising business
of companies associated with retailing industry while there are some trends which adversely
affect this sector. Out of those trends some are:
Digitalization:
With the fast changing economy the whole retailing industry is being shifting from
traditional to modern concept along with adoption of digitalization trends. As its name itself
derive its meaning that digitalization means converting physical operation into digital or online
mode (Parviainen, 2017). It would not be wrong to said that this trend has both positive and
negative impact over retailing sector.
On the one side as it raises growth or speed of retailing sector but at the same time it also
raises cyber crimes in country. Through this trend retailing sector is able to deliver its product at
a fast rate along with raising interaction with its customers. As this trend has dual aspect which
means that on the one side it makes speedy transaction and at the same side it raises quality
services because of the involvement of customer's feedback and reviews.
Changing payment mode: