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Career Resources — Retail

Industry Overview

At its core, the retail industry involves the buying and selling of goods and services. Working in retail can be broken into three main categories: business owning, management and administration, and sales. Through the collaboration of those three categories, retailers direct products and services towards end-users through a supply chain which employs designers, buyers, merchandisers, planners, and general corporate functions such as finance, IT, and marketing. 


Vault provides in-depth intelligence on what it's really like to work in an industry, company or profession—and how to position yourself for success. What you can find:

  • What is retail? How did it start? What do retailers do?
  • The structure of the retail industry
  • Merchandising and buying
  • Store operations
  • Sales promotion and advertising
  • Bookkeeping and accounting
  • Personnel – recruiting, customer service
  • The outlook
  • Professional associations
  • Top 50 retailers

Key Skills to the Industry:

  • Design thinking
  • Creativity
  • Basic financial math
  • Patience
  • Product knowledge
  • Presentation

Keys to Success

  • The most successful employees in the retail industry utilize foresight to predict and analysis to understand what consumers want. Considering every facet of the supply chain to make goods and services more affordable for consumers and more profitable for a company sets the best employees apart