Explore the Most Effective Retail Techniques in the Extended Postgraduate Programme in Skills for Business: Retail

Retail is a dynamic industry that requires constant innovation and adaptation to stay ahead of the competition. The Extended Postgraduate Programme in Skills for Business: Retail offers a comprehensive curriculum that equips students with the necessary skills and knowledge to succeed in the retail sector. Let's delve into some of the most effective retail techniques taught in this programme:

Technique	Effectiveness
Visual Merchandising	Increases sales by up to 30%
Customer Relationship Management	Improves customer retention by 25%
Data Analytics	Boosts profitability by 20%
Inventory Management	Reduces stockouts by 15%

These techniques are essential for retailers to stay competitive in today's market. Visual merchandising helps attract customers and increase sales, while customer relationship management builds loyalty and retention. Data analytics provides valuable insights for decision-making, and inventory management ensures efficient operations.

By mastering these techniques in the Extended Postgraduate Programme in Skills for Business: Retail, students are well-equipped to drive success in the retail industry and achieve their career goals.

Source: Retail Industry Report 2021