Retail Research Executive

Malabar Gold & Diamonds is looking for an enthusiastic, highly motivated Executive to join our Retail Research Team. This role is designed for fresh graduates or individuals with limited professional experience, offering an excellent opportunity to develop skills in retail market research, data analysis, and strategic decision-making in a fast-paced, dynamic environment. As a Management Trainee, you will work closely with senior analysts and managers, gaining hands-on experience while contributing to important research projects that support the companys retail expansion and operations.

Key Responsibilities:

1. Market Research & Analysis:
   
• Assist in conducting market research to understand industry trends, customer preferences, and competitor strategies.
• Collect and analyze data from various sources, including market reports, customer surveys, and online sources.
• Help identify new opportunities for store openings, expansion, or optimization by analyzing geographical and demographic data.
2. Competitor & Industry Monitoring:
   
• Monitor and report on competitor activities in the jewelry retail sector, including pricing strategies, promotions, and product offerings.
• Assist in gathering and analyzing competitor intelligence to identify strengths, weaknesses, and opportunities for Malabar Gold & Diamonds.
3. Sales Data and Performance Analysis:
   
• Support the analysis of sales data and key performance metrics to identify trends and opportunities for improvement.
• Assist in creating reports and dashboards to track store performance, customer demographics, foot traffic, and sales conversion rates.
• Provide recommendations based on data-driven insights to improve retail performance and customer experience.
4. Customer Insights and Behavior Research:
   
• Assist in gathering customer feedback through surveys, focus groups, or other market research methods.
• Help analyze consumer purchasing behaviors, preferences, and spending patterns in different regions.
• Contribute to research aimed at understanding customer needs, such as product demand and shopping trends.
5. Location & Site Evaluation:
   
• Support the research and analysis of potential retail locations for new stores, considering factors such as foot traffic, competition, and local demographics.
• Assist in evaluating the feasibility of proposed store sites by analyzing key factors like store size, rent prices, and market potential.
6. Financial Projections & Reporting:
   
• Assist in the preparation of financial models, including sales forecasts, cost projections, and return on investment (ROI) estimates for new store openings.
• Prepare reports summarizing research findings, sales performance, and market insights to support management decision-making.
7. Collaboration and Cross-Functional Support:
   
• Work closely with various internal teams, including Retail Operations, Marketing, Sales, and Business Strategy, to support data-driven decision-making.
• Participate in cross-functional projects and provide research support to other departments as needed.
8. Learning & Development:
   
• Participate in training and development programs to enhance your research, analytical, and business strategy skills.
• Continuously learn about the retail industry, market research techniques, and tools used for data analysis.

Qualifications & Requirements:

• Educational Background:
  
• Bachelors degree in Business Administration, Economics, Marketing, Retail Management, or a related field.
• Fresh graduates or candidates with up to 1 year of professional experience in market research, retail, or business analysis are encouraged to apply.
• Skills:
  
• Strong analytical and problem-solving abilities with a passion for data-driven insights.
• Proficiency in Microsoft Office (Excel, Word, PowerPoint). Familiarity with data