How to Become a Retail Store Manager

How to become a Retail Store manager

The Basics on How to Become a Retail Store Manager

Are you investigating how to become a Retail Store Manager? According to the Bureau of Labor Statistics, the main job of a Retail Store Manager is to oversee the management of a retail location or department. They take inventory of supplies, create budgets, and monitor sales activities. They ensure customer satisfaction by assisting customers and addressing any complaints, and train their workers to do the same.

While you don't typically need a degree to become a Retail Store Manager, some employers may prefer candidates that do have a college degree.

What Are Hurdles to Becoming a Retail Store Manager?

The single biggest problem for new retail store managers is clearly communicating expectations.

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Difficult conversations require practice and training to do right. Retail managers seldom get either one except through the school of trial and error.

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Mark McMillion
- Mark McMillion, Principal @ McMillion Leadership

A Retail Store Manager's Salary Potential

  • Lowest 10th%
    $26,290
  • Median
    $40,350
  • Highest 90th%
    $70,060

 

States with the Highest Employment Levels

STATE2018 ANNUAL MEAN WAGENUMBER OF JOBS
California$46,430116,620
Texas$45,290103,010
Florida$46,11083,260
New York $51,78065,890
Pennsylvania$46,63047,640

How Do Your Skills Stack Up?

 

Importance of day to day life of a Retail Store Manager

As reported by O*NET, these traits are ranked as either extremely or very important to the day to day life of a Retail Store Manager.

 

What You Will Learn With a Retail Management Degree?

Schools that offer a bachelor’s degree in retail management often cover retail management classes such as the following:

  • Retail Sales Promotion
  • Entrepreneurship
  • Consumer Behavior
  • Fashion Merchandising
  • Supply Chain Management

Degrees in this field tend to help students prepare for retail management career paths through a variety of targeted courses. Classes may cover management principles related to operations, supply chain, and sales force, as well as general business knowledge areas like finance, economics, and computer applications. In addition, students may delve into consumer behavior, retail trends, and even psychology to learn what drives customer activity. Whether your goal is fashion merchandising, starting a small business, or managing a retail company, you’ll likely find courses that appeal to what interests you!

Frequently Asked Questions About Becoming a Retail Store Manager

What is the average Retail Store Manager salary?

According to the BLS, the 2019 median annual wage of a first-line supervisor of retail sales worker, also commonly known as a retail manager, is $40,350.

What Skills do Retail Store Managers Possess?

Retail Store Managers are usually proficient in areas such as coordination, motivating & developing people as they work, identifying and making the best use of each person’s strengths, time management and service oriented.

What are common types of software I would have to learn as a Retail Store Manager?

Retail Store Managers use mostly will use scheduling, time accounting and point of sales software systems. Some popular systems include: TimeTrak Systems SchedTrak, Hagel Unitime Systems, and Visual Retail Plus.

What job titles are similar or the same as a Retail Manager?

If you are looking to become a Retail Store Manager and are searching job boards, you may want to include these types of job titles: Assistant Manager, Assistant Store Manager, Bakery Manager, Deli Manager, Department Manager, Manager, Meat Department Manager, Office Manager, Shift Manager, Store Manager.
 

Job information sourced from O*NET

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