Retail Marketing syllabus
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Retail Marketing
9 units
2 Consumer Behavior and Retail Operations (6 LHs)
3 The Management of Service and Quality in Retailing (6 LHs)
4 Retail Marketing Mix, Retail Product, and Retail Brand (6 LHs)
8 Retail Distribution and Supply Chain Management (5 LHs)
1. Introduction (5 LHs)
- Concept of retailing
- Concept of retailing
- Characteristics of retailing
- characteristics of retailing. Types of retailers. Growing importance of the retail industry. Dynamism in retailing: environmental theory
- cyclical theories
- Conflict theory. retailing and marketing – strategic approach to retail marketing
- and conflict theory. Retailing and marketing – strategic approach to retail marketing
2. Consumer Behavior and Retail Operations (6 LHs)
- Consumer behavior in retail context- simple model of retail purchase
- Consumer behavior in retail context- simple model of retail purchase
- time taken to shop
- buying roles
- Buying decision process and its implications for retail management
- buying decision process and its implications for retail management
- Influences on the consumption process
- influences on the consumption process: motivational forces
- demographic factors
- social class
- family influence
- psychographics
- role of children
- social influence
3. The Management of Service and Quality in Retailing (6 LHs)
- Service components in retailing
- Service components in retailing: tangible – intangible continuum
- Service quality management – Model of perceived service quality
- service quality management – Model of perceived service quality
- Quality gap model
- quality gap model: the Gronroos model of perceived quality management and the Parasuraman
- Zeithaml and Berry model
- Zeithaml and Berry model
- Implementation of service management
- implementation of service management
- Growing emphasis on quality control
- growing emphasis on quality control
- Characteristics of retail quality
- characteristics of retail quality
- Quality auditing system
- quality auditing system
- Service recovery in retail context
- service recovery in retail context.
4. Retail Marketing Mix, Retail Product, and Retail Brand (6 LHs)
- Concept of retail marketing mix
- Concept of retail marketing mix
- Marketing mix for retail services
- marketing mix for retail services
- retail products
- and breakdown
- Concept of retail brand
- concept of retail brand
- Role of branding in retail business
- role of branding in retail business
- Retail brand positioning
- retail brand positioning
- brand loyalty
- brand personality
- Consumers’ concept of self-image
- consumers’ concept of self-image
- brand proposition
- Managing brands over their life cycles
- managing brands over their life cycles
- brand updating
- brand extension
5. Merchandise Management (5 LHs)
- Merchandise management concept
- Merchandise management concept
- Methods of planning and calculating inventory levels
- methods of planning and calculating inventory levels
- Merchandiser skills and profile
- merchandiser skills and profile
- category management
- range planning
- space allocation
- Merchandise assortment and support
- merchandise assortment and support
- Negotiating the purchase
- negotiating the purchase
6. Retail Pricing (5 LHs)
- Concept of retail price
- Concept of retail price
- price sensitivity
- Factors affecting price sensitivity
- factors affecting price sensitivity
- Approaches to retail pricing
- approaches to retail pricing
- Pricing and the relationship to value
- pricing and the relationship to value
- Markdown policy consideration for retailers
- markdown policy consideration for retailers.
7. Retail Communication and Promotion (5 LHs)
- Objectives of retail promotion
- Objectives of retail promotion
- Promotional budget approaches
- promotional budget approaches
- Communication effects
- communication effects
- advertising
- sales promotion
- Retail marketing and loyalty schemes
- retail marketing and loyalty schemes
- Design and implementation of relationship marketing schemes
- design and implementation of relationship marketing schemes
- personal selling
- Public relations
- and public relations.
8. Retail Distribution and Supply Chain Management (5 LHs)
- Channels and channel flows
- Channels and channel flows
- supply channel
- Growth of channel relationship and partnership
- growth of channel relationship and partnership
- Distribution logistics and stock control
- distribution logistics and stock control
- Retail logistics
- retail logistics: the cost structure.
9. Consumerism and Ethics in Retailing (5 LHs)
- The different pressures for a company to be socially responsible
- The different pressures for a company to be socially responsible
- Criticism of marketing activities
- criticism of marketing activities
- Product misuse and safety issues
- product misuse and safety issues
- green issues
- The acceptability of societal marketing approach
- the acceptability of societal marketing approach
- Corporate social responsibility
- and corporate social responsibility.