Job Description Retail Manager, Duties, Responsibilities, Qualifications, Skills and Salary

In this article, we will show you the detailed and updated Job description of a Retail Manager. Here you will also find the duties of a Job description of a Retail Manager, responsibilities’, qualifications, skills, and estimated annual Salary.Job Description Retail Manager

This Retail Manager job description template provides critical duties and responsibilities for a job description of a Retail Manager. It’s ready to post on various job site and the main responsibility of a job description for Retail Manager is to prepare and control the store’s budget with the goal of minimizing expenditure and increasing efficiency. Description Retail Manager

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Job Description Retail Manager

Retail Managers are in charge of a variety of tasks, such as managing overall store operations, recruiting and scheduling employees, training and evaluating employees, following up on work results, and so on.Job Description Retail Manager

It is critical to write a clear and precise Retail Manager job description in order to attract the best Retail Manager for your needs.

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Duties of a Retail Manager

• Organizing all store operations and assigning personnel responsibilities.
• Supervising and directing employees to achieve peak performance.
• Preparing and controlling the store’s budget with the goal of minimizing expenditure and increasing efficiency.

Responsibilities of a Retail Manager

• Plan and implement the overall store strategy.
• Collaborate with the marketing team to develop a marketing store strategy.
• Work with store security guard to investigate any suspicious activity.
• Recruit and hire new store employees.
• Train and evaluate store employees.
• Create a healthy and enjoyable store work environment.
• Determine and set basic store KPIs.
• Track and report on store KPIs.
• Train store employees on corporate policies and procedures.
• Develop relationships with key suppliers and vendors.
• Use the appropriate software to keep track of inventory losses and/or shrinkage.
• Suggest new operational strategies to improve store’s performance and productivity.
• Work with analyst to review profit and loss figures (P&L).
• Manages the operation of a store unit, including purchasing of supplies and books, special orders, receiving and shipping, and return of overstocked or defective merchandise.
• Supervises personnel which typically includes recommendations for hiring, firing, performance evaluation, training, work allocation, and problem resolution.
• Prepares purchase requisitions, and related paperwork including annual budgets and accounts payable; monitors expenditures and revenue; makes periodic scheduled and ad hoc reports of store activity.
• Develops and controls department budgets; researches and compiles administrative reports for personnel, payroll, and trade organization surveys for cost estimation and budget review.
• Oversees and coordinates department marketing activities, to include advertising and sales promotion, public relations, visual merchandising, and/or special marketing events, as appropriate.
• Oversees maintenance of stock, displays, signs, and inventory; manages year end inventory utilizing computer to check for theft and shrinkage.
• May oversee or manage the operation of auxiliary services such as vending machines or student service areas.
• Represents the organization at various community and/or business meetings, committees, and task forces; promotes existing and new programs and/or policies.
• Develops and implements systems and processes to establish and maintain records for the operating unit.
• Develops or assists with the development and implementation of policies and procedures consistent with those of the organization to ensure efficient and safe operation of the unit.
• Hire and train staff.
• Assign staff to shifts.
• Motivate staff members during busy shifts.
• Listen and respond to customers’ complaints.
• Order stock for the store.
• Create and maintain monthly budgets.
• Prepare pay-slips for staff.
• Meet monthly and annual sales targets.

Qualifications of a Retail Manager

• A degree in business management.
• Prior experience in retail.
• Excellent interpersonal skills.
• Natural leadership abilities.
• Ability to multitask.
• Excellent customer service skills.

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Skills of a Retail Manager

• Proven experience as retail manager or in other managerial position.
• Knowledge of retail management best practices.
• Outstanding communication and interpersonal abilities.
• Excellent organizing and leadership skills.
• Commercial awareness.
• Analytical mind and familiarity with data analysis principles.
• Excellent knowledge of retail management software (e.g. MS RMS).
• BSc/BA in business administration, sales or relevant field; MSc/MA is desirable.

Salary of a Retail Manager

The average Retail Store Manager salary in the United States is $68,926, but the range typically falls between $57,558 and $87,580. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Conclusion

In summary, job description for Retail Manager is to suggest new operational strategies to improve store’s performance and productivity.

May oversee or manage the operation of auxiliary services such as vending machines or student service areas.

Finally, develop relationships with key suppliers and vendors.