Management of Textile Trade and Technology
Trade and Retail

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Trade and Retail

In "Trade and Retail", students receive an overview of all relevant topics in international retailing. The students are able to recognize the importance of internationalization for fashion retailers and their success factors. They will be able to name the characteristics of international fashion retailers. They are able to explain the motives and goals for internationalization. The students are able to distinguish and explain the different steps of the internationalization process. They are able to derive the most important strategies for internationalization and expansion. They can explain their probability of success and distinguish the appropriate channels for new markets and new customers. After the studies they will be able to distinguish the most important retail formats and explain their characteristics and success factors. They are familiar with the global framework conditions of retailing and the global key trends in retail marketing. They have advanced knowledge of retail marketing and can distinguish the different roles of sales channels. They can also explain the different relationships between online and offline. You will be able to state the advantages and disadvantages of the main marketing tools in international retail. They acquire an advanced marketing knowledge and applied marketing skills in retail. Students examine the relationships between salespeople, buyers, and merchandisers and emphasize the importance of each position. They highlight the responsibilities of each role and how they are interrelated. The audience also discusses a range of promotional techniques and examines how they impact business success.

The retailing of textiles is in flux. International retailers, foreign verticals, manufacturer-owned stock, and new online and mobile channels are examples of changes in play. Cross-border trade is also growing rapidly. This means a jump in sales for imported retailers and ultimately an ultimate thread for traditional textile and fashion retailers. In this game, retailers need to grow and internationalize. International retailing and global retail marketing have become an opportunity to survive. Companies need to understand the new SWOTS and fight back with modern marketing and sales methods. They need to develop and implement strategies for modern marketing and sales channels. As a consequence, textile and fashion students need to acquire "knowledge and skills" in international retailing.

Trade ...

The global environment in the manufacture, production and procurement of raw materials, textiles and apparel requires an intensive examination of the textile value chain with regard to its special features, international trade formats, international trade and corporate law, logistical requirements, and supply chain management strategies.

The courses from this subject area introduce the students to the detailed considerations. These include, for example:

  • Cross-cultural management
  • Global, international procurement
  • AI concepts in procurement management
  • Working in multinational teams
  • International labor law and trade regulations through the WTO, GATT, MFA

... and retail

International retailers, foreign verticals, new online channels are just a few examples of the change processes in textile and apparel retail. Traditional textile and fashion retail is facing the challenges of internationalization in order to survive and continue to grow. Our students learn about

  • the significance and success factors of the international fashion trade
  • modern marketing and sales methods
  • the procedure in the internationalization process
  • expansion strategies and their probability of success
  • Organizational and cultural peculiarities in international retailing

 

The focus of all fields of teaching is to familiarize the students with fair working conditions and to demonstrate ecologically and economically responsible behavior. This means that our graduates are ideally trained to help shape the challenges of the textile and apparel industry towards fair, sustainable companies.