Retail Manager

Leading the way to retail success with expert knowledge and management.

About

A retail manager is a professional who is responsible for overseeing the operations of a retail store or chain of stores. They are responsible for managing the store's staff, inventory, customer service, sales and overall performance. These managers are responsible for creating as well as implementing strategies to increase sales along with profitability.  In addition to managing the day-to-day operations of the store, retail managers are responsible for hiring and training new staff members, setting and monitoring sales goals and managing the store's budget. 

They may also be involved in marketing and promotional activities to help drive sales. To become a retail manager, one typically needs a bachelor's degree in business, marketing or a related field as well as several years of experience working in a retail environment. Strong communication, leadership and organisational skills are also essential for success in this role.

Eligibility

For Bachelor’s

  • The candidates must pass the 10+2 examination with at least a 60% grade from a recognised board.
  • The aspirants must pursue a Bachelor's degree in sales and marketing or finance and accounting from a recognised university or college. 

 For Masters

  • The seekers are suggested to enrol for MBA in sales management after passing their Bachelor’s degree. 
  • By opting MBA, you can get the required management skills to become a Retail Manager.

Job Roles

The job roles of a Retail Manager include a variety of responsibilities related to the retail management as well as processes of a particular organisation. Some of the key job roles of a Retail Manager are:

  • Store Manager
  • District Manager
  • Retail Buyer
  • Visual Merchandiser
  • Operations Manager
  • Retail Merchandiser
  • Supply Chain Distributor
  • Marketing Executive
  • Customer Service Executives
  • Warehouse Manager 

Top Recruiters

Retail Managers can be recruited by a variety of organisations including businesses of all sizes, non-profit organisations as well as government agencies. Some of the top recruiters of Retail Managers are:

  • Pantaloon Retail
  • Reliance Group
  • Piramal Group
  • ITC Retail
  • Lifestyle International
  • Aditya Birla Group
  • Tata Groups
  • Landmark Group

Employment Sector

  • Departmental Stores
  • Education Sector
  • Retail Outlets
  • Export Houses
  • Manufacturers
  • Financial Institutions

Salary

The pay of a retail manager can vary depending on a number of variables including the organisation's size, location, industry and years of experience.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx ₹3,00,000

Mid Level Salary

Approx ₹5,80,000 

Senior Level Salary

Approx ₹10, 00,000 

Skills

  • Leadership
  • Communication
  • Customer service
  • Sales
  • Merchandising
  • Budgeting and financial management
  • Time management
  • Problem-solving

Scope

The career scope for a retail manager is broad and dynamic with opportunities in various industries and types of retail environments. Retail management is a growing field and there is a high demand for skilled and knowledgeable professionals who can help drive sales, manage inventory and improve the overall performance of retail businesses. There are also opportunities for retail managers to work in e-commerce, marketing as well as in business development. With experience and advanced education, retail managers can also upgrade to executive leadership roles such as CEO or COO of a retail business. Overall, the career scope for a retail manager is vast and diverse with multiple opportunities for growth and advancement in various industries as well as types of retail businesses.

Benefits

  • Career advancement
  • Competitive compensation
  • Personal development
  • Job security
  • Creative expression
  • Variety of tasks
  • People-oriented

Drawbacks

  • Long hours
  • High stress
  • Difficult customers
  • Competitive industry
  • Low pay for entry-level positions
  • Physical demands
  • Job instability