Retail Management Job Description

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A retail manager is in charge of an individual retail shop or department. Retail managers ensure that a retail establishment runs efficiently and effectively, and also hires, trains, and supervises employees.

Description

  • According to the Occupational Information Network, retail managers direct and supervise sale workers in a department or retail establishment. They may be in charge of management, schedules, budgeting, purchasing, personnel work, and accounting. (See References 1.)

Industry Environment

  • According to the U.S. Bureau of Labor and Statistics, retail management employees have the highest levels of employment in the following industries: other general merchandise stores; grocery stores; clothing stores; department stores; and building material and supplies dealers. (See References 2.)

Education and Training

  • According to the Occupational Information Network, experience working within a retail establishment is key. Retail management may start out working as retail salespersons. These occupations typically require a high school diploma. Some employers may look for an associate's degree or bachelor's degree.

Growth

  • According to the Occupational Information Network, the national employment of retail managers as of 2006 was 1,676,000 employees. Between 2006 to 2016, there is a slower than average projected growth of 3 percent to 6 percent and a projected need of 423,000 additional employees.

Salary

  • According to a May 2008 report from the U.S. Bureau of Labor Statistics, the mean hourly wage of a retail manager was $19.19, and the mean annual wage was $39,910. Annual wages ranged from $22,210 to $61,970 annually.

References

  • Photo Credit lusi/sxc.hu
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