Gift Shop Manager Salary
Gift shops are specialty retail stores catering to tourists and visitors, as well as local residents. While similar to other retail stores in many ways, gift shops exist in a wide variety of unusual locations. Gift shop managers oversee operations and manage employees, earning a wage that varies based on experience and the nature of the particular gift shop.
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Average Earnings
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According to the U.S. Bureau of Labor Statistics, sales worker supervisors, including management positions in retail and gift shops, earn a median annual wage of around $35,000. New gift shop managers may make as little as $22,000 a year, while those with experience can make up to $62,000 a year. These wages are below other specialty sales manager jobs, but still higher than what non-managerial gift shop employees earn which is often as low as the mandatory minimum wage.
Factors
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Gift shop managers' salaries vary based on several different job factors. Gift shops in remote locations or those that sell expensive specialty merchandise may need to offer higher pay to recruit skilled managers. When a gift shop's manager is also responsible for visual merchandising, hiring staff and accounting, the position is likely to pay more than a manager job that consists entirely of basic retail duties and staff management.
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Payment Policies
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Most gift shop managers earn annual salaries and work irregular hours based on seasonal demand and shop hours, which may also vary by season. Some gift shop managers receive monthly pay. For example, according to Cruise International, which recruits managers for gift shops aboard cruise ships, monthly earnings are in the $2,000 range. Gift shop managers may also earn commissions and bonuses based on reaching sales goals or as a percentage of total sales over a period of time.
Career Path
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Gift shop managers generally need retail sales experience or a degree in business or liberal arts. Others get their jobs based on special knowledge of a notable location, such as an historic site that hosts a gift shop. Gift shop managers work for owners or retail executives. Those who manage successful stores and learn about the business behind a gift shop can advance into executive positions, increasing both their responsibilities and earnings.
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