SSG/WSG APPROVED PROGRAMMES > RETAILING AND THE ECONOMY
S$1,000 (Subject to 7% GST)
COURSE FEE SUPPORT **
SkillsFuture Singapore Training Grant (Course fee subsidy and/or absentee payroll funding) available for self-sponsored individuals and company-sponsored applicants
Dates to be advised
Download application form or contact the Retail Academy of Singapore at 6694 2829 or firstname.lastname@example.org. sg
** Details at www.skillsconnect.gov.sg
The recovery of the economy since 2010 has spurred growth in the retail sector as consumers’ shopping habit changes, which led to an increase in consumers’ spending. Consumers now are willing to spend on items which they had cut back on during the recession. They are now seen as being less price conscious, and place greater emphasis on convenience and shopping experience.
Due to the shift in consumers’ shopping habits and varied needs, it is important for all retailers to ensure that their business model is still meeting the needs of their consumers. With the opening of new malls and the two integrated resorts, there has been a drive in retail growth which is affected by the boost in visitor arrivals. Independent retailers are now facing strong competition from major players which are given a chance to expand their reach by opening up new stores. Hence, it is important for independent retailers to re-analyse their market to overcome these challenges. As for major retailers, it is also important for them to look back at their business model and positioning to ensure that they are targeting at the right customers.
Upon the completion of this course, one will get a more in-depth understanding on what retailing is all about; and how the economy will influence the growth of the retail sector. With the demand and supply of the goods being always affected by the economy, there is a need for retailer to know how to gauge the demand required to prevent stock-out or overstock cases. Besides, they will also need to understand the challenges face, and the ways to overcome it.
After completion, participants will be able to:
WHO SHOULD ATTEND
The course is beneficial for managers and executives who want to gain a more in-depth understanding on how the economic growth of Singapore and the principles of economics can affect the retail sector.
The duration of the programme will be 1 month for part-time classes or 3 full-day classes delivery; lecturers will be held twice a week in the evening or once a week full-day classes respectively.
The course is delivered using lecturers, discussions, case studies and presentations.
There are 21 classroom hours and 2.25 assessment hours. The assessment is 100% written assessment.
Participant who met the Retail WSQ assessment criteria will be awarded one Retail WSQ Statement of Attainment (SOA) for Retailing and the Economy (RE-MM-408C-1) and achieve a credit exemption for the module Retailing and the Economy under the Diploma in Retail Management by the Retail Academy of Singapore if the participant decides to enroll for the Diploma in the future.
Click here for the list of programme facilitators.