RSO354 - Retail Store Operations

Outline information
Semester
Schools offering this subject
Last revision date Jun 3, 2019 12:15:57 AM
Last review date Jun 20, 2019 9:36:24 AM

Subject Title
Retail Store Operations

Subject Description
This is a capstone subject that teaches students about the operation of a small fashion retail business.  Students apply knowledge gained in this course and in other courses across the curriculum to the running of a retail "lab" store on campus.  They learn roles and responsibilities of all functions and become aware of the decision making inherent in retail organizations.

Credit Status
1 Credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Develop an understanding of the collaboration between all roles and functions of a retail operation;
  2. Create strategies and analyze results to make the business realize a profit;
  3. Use retail calculations to analyze and interpret product sales and inventory reports, gross margin, seasonal plans and sales productivity.
  4. Develop analytical skills required for evaluating a business;
  5. Explain the significance of goal setting and budgetary planning on a retail operation; formulate and implement business strategies.
  6. Explain how a variety of roles and functions enhance sales and profitability of a retail operation;
  7. Examine ways teams successfully master task completion while managing the process of working together;
  8. Practice oral and written communication skills.

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Execute mathematical operations accurately.

Apply a systematic approach to solve problems.

Use a variety of thinking skills to anticipate and solve problems.

Locate, select, organize, and document information using appropriate technology and information systems.

Analyze, evaluate, and apply relevant information from a variety of sources.

Show respect for diverse opinions, values, belief systems, and contributions of others.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.