Retail Store Manager Job Description, Skills, and Salary
Are you searching for a retail store manager job description? Get to know about the duties, responsibilities, qualifications, and skills requirements of a retail store manager. Feel free to use our retail store manager job description template to produce your own retail store manager job description. We also provide you with information about the salary you can earn as a retail store manager.
Who is a Retail Store Manager?
Retail store managers are responsible for hiring and educating store employees. They are also in charge of a wide range of duties, including selecting and educating personnel, responding to client complaints, and making sure the store achieves its sales targets.
Retail Store Manager Job Description
What is a retail store manager job description? A retail store manager job description is simply a list of duties and responsibilities of a retail store manager in an organization. Below are the retail store manager job description examples you can use to develop your resume or write a retail store manager job description for your employee. Employers can also use it to sieve out job seekers when choosing candidates for interviews.
The duties of a retail store manager can range widely and include the following:
- Encourage staff to provide exceptional customer service in a quick, efficient manner.
- Introduce firm policies and procedures to new hires and make sure they follow them.
- Give customers product information and resolve any issues they might have with goods or services.
- Conduct staff reviews to ascertain performance levels and identify training needs.
- Examine sales data and inventory levels to find areas that could be improved.
- Make sure that every area of shop operations is effective and efficient.
- Create and put into action marketing plans to boost customer traffic and sales.
- Manage the retail location budget, including expenses and revenues to guarantee profitability.
- Interview potential employees for open positions when necessary.
Qualifications
To become a retail store manager, you must meet several requirements, which could include:
Education: When applicants have a good background in retail and management, many employers choose those with a high school certificate or GED. A candidate’s earning potential can be increased by pursuing an associate’s or bachelor’s degree in a discipline connected to business. They can also learn fundamental business ideas that they can use at work.
Training: Most frequently, progression from a lower-level retail role is how retail store managers obtain their positions. A candidate can learn the fundamentals of running a retail business by working closely with a manager at a lower level. Before being hired as a retail store manager, retail store managers frequently oversee separate sections of a retail store.
Certifications: Retail store managers might obtain their positions without having any certifications. For retail store managers who want to boost their earning potential or become more competitive while applying for new management roles, there are qualifications available.
The most popular certificate coveted by retail store managers is the Retail Management Certificate (RMC). Retail store managers can gain an academic understanding of their position within the retail industry by completing this certified business program, which can be finished in a year. The qualification also gives retail store managers workplace management and problem-solving techniques.
Essential Skills
To succeed, retail store managers require the following abilities:
Strong communication abilities: Effective communication is crucial for retail store managers. These abilities help you communicate with members of your team, clients, and business representatives. They help you communicate, respond to inquiries, and resolve issues. They are employed when making presentations, providing feedback, and praising staff.
Good problem-solving skills: Having the capacity to recognize and address problems is called problem-solving. As the manager of a retail store, you might have to deal with issues that come up with clients or staff. For instance, you might need to find someone else to cover the employee’s shift if they call in sick. So that the shop doesn’t lose any sales, you can use your problem-solving abilities to locate a replacement right away.
Performance Management: A retail store manager must be able to provide their staff members with constructive criticism and establish goals for them. This is a crucial component of performance management, which also involves giving regular feedback on employees’ development and assisting them in acquiring the skills necessary to succeed within the organization. Performance management can assist your staff in developing within their jobs and increasing productivity.
Visual Merchandising: The ability to present goods in a way that appeals to customers and influences them to make purchases is known as visual merchandising. When putting together displays, organizing window displays, or setting up shelves, retail store managers frequently apply their visual merchandising abilities. Effective visual merchandising can boost sales by making things more appealing and simpler to find.
Loss Prevention: A retail store manager must be able to recognize potential hazards and take steps to mitigate them. This includes spotting any red flags of a dissatisfied customer so you may address any concerns they may have before they depart. Preventing errors also entails taking measures to make sure your staff is correctly adhering to corporate policies.
Safety and Security Consciousness: A retail store manager must be familiar with the workplace’s security and safety procedures. They must be able to react to possible dangers like electrical or mechanical malfunctions, as well as crises like fires and natural disasters. A retail store manager also makes sure that all staff members have received the necessary training to deal with these circumstances.
Asset Protection: The ability to safeguard corporate assets and stop theft is known as asset protection. Cash registers, safes, and other places where money and goods are held are frequently under the supervision of retail store managers. Strong asset security abilities might aid in keeping the resources in your store secure from theft. You can also be in charge of looking into any cases of theft or property damage.
Scheduling: The capacity to plan and coordinate employee work shifts is known as scheduling. Retail store managers utilize their scheduling abilities to make sure that there is always adequate staff on duty, which increases customer happiness and lowers employee absenteeism. Another aspect of scheduling is knowing when to hire new staff or assign existing employees to various duties.
Store Management: A retail store manager is in charge of a store’s daily operations, which include customer service and sales. They also make sure that their employees are properly trained to offer excellent customer service and sell goods. They need to be well-organized and have the capacity to assign work to do this. They must also have a thorough knowledge of everything related to managing an effective business, from marketing plans to inventory control.
Hiring and Firing: A retail store manager must have the ability to hire and terminate staff. They must be able to conduct effective interviews and evaluate possible job candidates. To hire fairly and understand their responsibilities when firing an employee, they also need to have a full awareness of employment law.
Employee Training: A retail store manager must be able to instruct staff members on their tasks and responsibilities. This entails educating new hires, passing on expertise to new hires when a person departs a role and offering ongoing professional development to all employees. By utilizing your training expertise, you can create initiatives that assist your staff members in achieving their positions within the business.
Leadership Skills: Being a leader means being able to inspire and direct your team. You might have to manage groups of workers with various responsibilities or degrees of experience as a retail store manager. Effective task delegation and ensuring that everyone in your team is aware of their responsibilities and feels appreciated can both be facilitated by strong leadership abilities. By using your leadership skills, you can motivate your team to meet objectives and perform better.
Merchandising: A retail store manager is in charge of managing every aspect of a company, including merchandising. They must therefore be aware of the best ways to showcase goods and the kinds of displays that draw customers. To properly position the products in their store, they also need to determine which ones are most likely to sell well there.
Good organization skills: The capacity of the organization is the capacity to monitor several duties and obligations. You could have a lot of responsibilities as a retail store manager at any given time. It can be easier to prioritize your tasks and meet deadlines if you have great organizational abilities. Additionally, keeping track of inventory records, personnel scheduling, and other facets of running a business requires organization.
Training and Development: Retail store managers must be adept at training and development since it enables them to advance the knowledge of their staff, which benefits business expansion. A manager with knowledge of training and development can design initiatives that help staff members improve in their careers or discover new facets of their work. To make their staff feel more at ease and confident, they can also train them on how to handle certain workplace circumstances.
Decision-making skills: When necessary, a retail store manager must be able to act quickly. You may have to make choices about what products to order, how to respond to consumer complaints, and what to do if a product is out of stock. With the aid of strong decision-making abilities, you can keep clients satisfied and make the best decisions for your organization.
Inventory Management: The inventory of a company is managed by a retail store manager, including the receipt and storage of new products. They also keep track of sales data to place new orders for the most popular items before they sell out. Effective inventory management makes sure that your store has enough merchandise to meet client demand by limiting excess stock. Calculating how much product you’ll require in the future also enables you to prepare for future expansion.
Employee Management: A retail store manager must be able to coordinate the schedules and workloads of their staff. This includes selecting, educating, and overseeing employees as well as handling any problems that might arise at work. Your ability to inspire and urge your staff to give their finest work should be clear. Additionally, you must make sure that you are treating each employee properly and upholding a pleasant work atmosphere.
Customer Service: Retail store managers need to have good customer service abilities since they can better understand their clients’ wants and provide for them. Empathy, patience, and the capacity to hear and respond to customer problems are among the qualities that make up good customer service. When instructing new staff on how to deal with clients, you can also apply customer service skills.
Store Operations: A retail store manager must be knowledgeable about the routine business activities of their retail location. Understanding how to run cash registers, restock products, and deal with customer service issues are all part of this. A store manager must be knowledgeable about every facet of their position to train new hires or step in as necessary.
Computer proficiency: The retail store manager must be able to process shipping orders and receipts, execute employee schedules, modify store inventory pricing, and monitor the store’s progress toward its objectives using retail management software.
How to Become a Retail Store Manager
- Examine the responsibilities of retail positions: From entry-level to managerial roles, a business offers a wide range of employment options. To determine whether a position in this field sounds like a good fit, research the various positions and accompanying job duties. Asking any friends or coworkers who work in retail or job shadowing could be wonderful ways to learn more about what it’s truly like to work in retail.
- Develop your retail skills: The majority of managerial positions call for prior retail experience. Entry-level jobs typically offer on-the-job training and don’t call for a degree. For some stores, a high school diploma or its equivalent may be necessary. Training may span a few days, depending on the size of the business, or it may be a structured program that can last longer. Typical work responsibilities for entry-level positions include handling money, selling things, and helping clients. These positions are typically cashiers or associates. A future manager position will require strong interpersonal, customer service, and time management abilities, which the position can assist a person to develop.
- Pursue Education: The educational qualifications for retail managers vary from shop to store, however, many prefer candidates with a bachelor’s degree. Having a formal education can provide an applicant an advantage over competitors. An associate’s degree in business management or a bachelor’s degree in business administration is two degrees that can be helpful for a job as a retail manager. There are retail management concentrations offered by several of these programs. A useful education in the theories and principles of managing a business from all angles can be obtained via coursework in a bachelor’s program in business management.
You could also enroll in independent business administration classes or work toward certification. Individuals can enroll in classes in algebra, professionalism, management, and marketing at community colleges, which give official certifications. Some programs allow students to use their coursework toward an associate’s or bachelor’s degree in the future. Up to 30 credit hours may be needed for certificate programs.
- Apply for a Retail Manager Position: A person can be qualified for a position as a retail manager after completing the required work experience and/or formal education. The greatest place to start may be in a low-level managerial role in order to increase the likelihood of being employed and gain experience for a higher-level position in the future. Low-level managers might only be in charge of one area or department and be tasked with tasks like hiring new staff, scheduling other employees, and maintaining inventory.
- Become a Retail Manager: On the top end of retail management positions, retail managers, store managers, and general managers all often hold the same position. They typically oversee a full store and may be in charge of scheduling, hiring, and firing staff, managing corporate resources, putting company policies into place, and making sure sales objectives are fulfilled. Experience and a degree are major assets in this profession and are frequently desirable or necessary.
Where to Work as a Retail Store Manager
Retail store managers are in charge of running their business daily, which may entail managing staff, ordering and stocking inventory, responding to client complaints, and maintaining a tidy and organized store. They frequently put in a lot of overtime, particularly on weekends and evenings, and they could be on call around the clock. Managers of retail stores may work in a range of establishments, including department stores, clothing stores, grocery stores, and pharmacies. Certain retail store managers may visit several stores in a region to oversee operations.
Retail Store Manager Salary Scale
In the USA, the average retail store manager makes $45,000 a year, or $23.08 an hour. Most experienced workers earn up to $65,000 per year, while entry-level occupations start at $34,979 annually.
In London, England, the average gross pay for a retail store manager is £30,030, or $14 an hour. This is 25% more than the typical retail store manager’s income in the UK (+£6,016). They also receive an average bonus of £1,297. Wage projections are based on anonymous employee and employer responses to a salary survey conducted in London, England. The typical wage for a retail store manager at entry level (with 1-3 years of experience) is £22,485. The average pay for a senior-level retail store manager (8+ years of experience) is £36,294.
In Ontario, Canada, the average gross pay for a retail store manager is $43,453, which equates to a $21 hourly wage. This is $259 ($1%) more than the typical retail store manager wage in Canada. Additionally, they receive a $1,803 bonus on average. Salary projections are based on information from a poll of anonymous employees and employers in Ontario, Canada. The typical compensation for a retail store manager at entry level (1-3 years of experience) is $32,756. The average compensation for a senior-level retail store manager (8+ years of experience) is $52,340.
In Dublin, Ireland, the average gross pay for a retail store manager is €50,807, or about $24 an hour. This is 9% more ($4,152) than Ireland’s national average for retail store managers. Additionally, they receive a €2,830 bonus on average. Wage projections are based on anonymous employee and employer responses to a salary survey conducted in Dublin, Ireland. A retail store manager with one to three years of experience at their entry level makes, on average, €36,553. The average compensation for a senior-level retail store manager (8+ years of experience) is €62,610.
In Sydney, Australia, the average gross pay for a retail store manager is $86,027, which equates to $41 per hour. This is $5,237 (+6%) more than the typical Australian retail store manager’s wage. Additionally, they receive a $4,792 bonus on average. Estimates of salaries are based on salary surveys completed by anonymous employees and employers in Sydney, Australia. The typical wage for a retail store manager at entry level (with 1-3 years of experience) is $61,975. The average compensation for a senior-level retail store manager (8+ years of experience) is $106,156.
The average gross pay for retail store managers in Germany is 32.486 euros, or about 16 euros an hour. They also receive an average bonus of 1.348 euros. Wage projections are based on anonymous employee and employer responses to a salary survey conducted in Germany. The typical wage for a retail store manager at entry level (with 1-3 years of experience) is 24.489 euros. The average compensation for a senior-level retail store manager (8+ years of experience) is 39.129 euros.
A retail store manager in Nigeria makes an average salary of ₦82,000.