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Hi Akshay,
Retail is a vital part of the business industry that involves the sale of products and services from a very fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the consumer. Managing all the activities related to retail is what you will learn in Retail Management.
As far as the placements, admission procedure and other related information is concerned, it would vary from Institute to Institute. For more information on various institutes providing this specialization please check the link below:
https://management.shiksha.com/getCategoryPage/colleges/management/india/All/Retail/All/categorypages/All/All/All/0/30
Also go through the link provided below, It has several articles on Retail Management, which will give you indepth information on retail sector:
https://www.shiksha.com/search/index?keyword=Retail&location=&searchType=blog&cat_id=&countOffsetSearch=&startOffSetSearch=0&subLocation=-1&cityId=-1&cType=-1&courseLevel=-1&subType=0&showCluster=-1&channelId=
Hope this resolves your query. Feel free to put up more queries In case your query is resolved please close this question by choosing it as a "best answer" or pressing the "thumbs up" icon.
Thanks,
Pooja