Universitat Internacional de Catalunya

Global Retail Marketing

Global Retail Marketing
3
15825
3
Second semester
op
Main language of instruction: English

Other languages of instruction: Catalan, Spanish

Teaching staff


Professor: Ines Riera

email: irierap@uic.es

Introduction

In many countries, the retail business is one of the biggest contributors to the Gross Domestic Product (almost 20% of  US GDP) and its contribution has increased as compared to past and is also increasing by leap and bounds. This demonstrates that Retailing is a driving force of the economy and its ambition is to encourage sustained growth.

At the present time, the retail world employs maximum people. As per an estimation, one in nine of the workforces is employed in the retail industry. Moreover, two third of the total workforce in the retail world is women and more than half employees in retailing are part-time employees, which provides flexibility to workers to adapt to the particular needs of any employer.

Because of the importance of retailing more and more emphasis is being paid to this area of retailing. 

Retailing is a separate subject of studies like management and marketing. researches have been conducted and professionals being hired to make this sector flourish.

The life style of the people is shaped by Retailing what places it as an integral part of modern society: People highly depend on retail stores to lead a comfortable life.

And, In the 21st century we are faced with a consumer saturated with products, and increasingly aware of sustainability.

For this reason, retail has opted to generate shopping experiences as an alternative to the product offer.

We are facing an exciting and complex professional challenge, since multidisciplinary collaboration is necessary for this.

Are we capable of changing our work habits and acquiring the necessary knowledge to give an effective response to this new environment? Are we motivated to professionalize? Will we be able to work as a team?

Our buyer is saturated with information: It's going to be hard for us to get their attention. He us also often misinformed and therefore lacking in confidence. This will be our first challenge.

The questions we must ask ourselves are the following: What will the customer perceive from the store we are developing? Can we get him to become a loyal customer? What experiences will you live? Will them be able to provoke acts of purchase?

In this program we will analyze the strategy and tactics to Attract Customers & commercially optimize customer experience to Engage Customers with the end goal of increase sales.

Specifically, we will work on the following points:

- Definition and scope of retail marketing

- Retail Marketing Mix Strategies (7Ps)

- Customer Journey.

- E-commerce platforms, multichannel and omnichannel retailing

- in store base retail marketing

- non in store base retail marketing

- crafting a retail marketing strategy

Pre-course requirements

This is an elective course in English, hence a good level of spoken and written English is expected.

Commitment and motivation to learn and actively participate in the sessions.

Willingness to ask questions, to question, adopting a critical position.

Objectives

1.Understand the fundamental principles and concepts of retail marketing.   2.Analyze trends and challenges in the global retail market.   3.Develop skills to design and implement effective retail marketing strategies.   4.Evaluate the impact of technology and innovation in the retail sector.   5.Know how to apply the main retail marketing strategies used by retailer companies.

Competences/Learning outcomes of the degree programme

  • 13 - To be familiar with and understand the terms and processes of company management.
  • 25 - To understand the commercial function of a company and its objectives.
  • 26 - To comprehend and use the basic concepts of marketing and the main sectorial policies and understand the commercial environment in which these companies operate.
  • 28 - To be able to work in another language and use terminology and structures related to the economic-business world.
  • 32 - To acquire problem solving skills based on quantitative and qualitative information.
  • 33 - To be able to search for, interpret and convey information.
  • 34 - To develop the ability to predict situations and anticipate events, as well as be able to recognise and interpret an economic situation within a specific context.
  • 41 - To be able to descriptively summarise information.
  • 46 - To acquire the ability to understand and participate in conferences and lectures in an academic context.
  • 52 - To develop interpersonal skills and the ability to work as part of a team.
  • 53 - To acquire the skills necessary to learn autonomously.
  • 54 - To be able to express one’s ideas and formulate arguments in a logical and coherent way, both verbally and in writing.
  • 55 - To adopt good time management skills.
  • 56 - To be able to create arguments which are conducive to critical and self-critical thinking.
  • 60 - To acquire knowledge that promotes respect for other cultures and habits.
  • 63 - To be able to analyse business related behaviour and decisions and evaluate them from an economic, social and ethical point of view.
  • 64 - To be able to plan and organise one's work.
  • 65 - To acquire the ability to put knowledge into practice.
  • 66 - To be able to retrieve and manage information.
  • 67 - To be able to express oneself in other languages.

Learning outcomes of the subject

At the end of this course, you will be able to understand and apply concepts and knowledge relating to global marketing and retailing. 

At the same time, you'll be developing transferrable skills such as conducting research, presenting ideas, analysing cases and working as part of a team

Syllabus

1.Retail Marketing: Concepts 2.Retail Business: dynamic business cycle 3.Communication strategy: multichannel and omnichannel 4.The Retail Strategy Plan 5.Creating a retail business: The Value Proposal & definition of the 7P's 6.Marketing Mix Strategy: traditional and digital 7.Customer Experience 8.Customer Journey: The purchase decision and commercial strategy 9.Product and Branding Strategy 10.Merchandising strategy 11.emerging trends in Retail Marketing 12.Price Strategy: revenues and cost drivers management 13.Promotion Strategy: advertising and influencers 14.Place Strategy 15.Physical Exposition and types of Physical Evidence 16.Personnel Strategy 17.Process and Sales management

Teaching and learning activities

In person



This course requires regular attendance and active participation during each session. 

As such, teaching and learning activities aim at being inclusive, ensuring as much participation as possible from students. 

Sessions will include a combination of:

•   Lectures •   In- Class discussions •   Case study analysis/discussion •   Individual and group exercises •   Student presentations •   Retail Tour •   Individual/Group store visit

Evaluation systems and criteria

In person



1. First call:

Evaluation on this course includes the following assessment components:

  • 60% Individual and Team exercises, Coursework/presentations. In order to pass the course, the exam mark must be equal or higher than 4/10.
  • 40% Exam. In order to pass the course, the exam mark must be equal or higher than 4/10.
  • The minimum attendance for this course is equal to or greater than 90% of the classes.

2. Second call:

There will be a single individual exam 

•Exam: 100%

Bibliography and resources

You can consult the following books:

•Hollensen, S. (2019 or 2017) Global Marketing, 8th (or 7th) ed., Pearson Education (Harlow) •Alexander, N. and Doherty, A.M. (2009) International Retailing, Oxford University Press (Oxford) •Goworek, H. and McGoldrick, P. (2015) Retail Marketing Management. Principles and Practice, Pearson Education (Harlow) •Philip Kotler. Retail 4.0. 10 rules for the Digital Age. Mondadori Electa (November 6, 2018) •Barcelona és moda: “Cuando el cliente entra  en la tienda tiene que vivir una experiencia de compra satisfactoria”. María Callís. 2017.  http://www.barcelonaesmoda.com/es/entrevista/cuando-el-cliente-entra-en-la-tienda-tiene-que-poder-vivir-una-experiencia-de-compra-satisfactoria/