Hire a Retail Store Manager
Retail store managers are in charge of overseeing the operations and supervising the personnel of a retail store. They make sure that all aspects of the establishment run smoothly and effectively. They undertake duties that range from creating business strategies and developing promotional material to motivating sales teams and training new staff. Stores that hire these professionals specialize in different product offerings. They may also be employed as a part of a large department chain to run a part of the operation. These employees usually work in a team environment and are hired in shifts. A retail store manager usually gets paid an average annual salary of $49,000, with the top 10% earning more than $72,000 per year. Commonly, employers offer bonuses and health and paid vacation benefits apart from the fixed compensation. As far as career prospects are concerned, a retail store manager can move into roles such as operations manager, store director, to name a few.
Working as a retail store manager
The primary responsibility of a retail store manager is to ensure that operations within the store are executed as per set guidelines. Depending on the hierarchy, the store's procedures and standards are laid down either by the store owner, supervising director, or regional manager. The retail store manager is responsible for ensuring proper customer service and developing and implementing business strategies for the betterment of the store. They further have to monitor inventory levels and take care of merchandise restocking. The general upkeep and cleanliness of the retail floor space are also assigned to them. Retail store managers have to make sure that all daily sales get reconciled with deposits arranged and transactions closed. Other administrative tasks for the running of the store also are fulfilled by them. In addition, the retail store manager is responsible for training and supervising new hires and scheduling work for staff and associates.
Critical requirements for the role
An employer usually seeks a professional and customer service-oriented store manager to oversee daily operations at the store. To apply for the position, the candidate must have a high school diploma or equivalent qualification. Additionally, a degree in business administration or a relevant field is preferred. Proven experience in a retail set up, ideally in a managerial capacity, will be beneficial. Many professionals also get the opportunity to be promoted into the role. To succeed in the job, the candidate must have strong leadership and customer management abilities. They must be customer service-oriented and have in-depth knowledge of basic business management processes. Apart from this, the candidate must have strong communication and interpersonal skills. The retail store manager must also have an analytical bent of mind and familiarity with data analysis principles.