Brief Contents 1. An Introduction to Retailing 2. Building and Sustaining Relationships in Retailing 3. Strategic Planning in Retailing 4. Retail Institutions by Ownership 5. Retail Institutions by Store-Based Strategy Mix 6. Web, Nonstore-Based, and Other Forms of Nontraditional Retailing 7. Identifying and Understanding Consumers 8. Information Gathering and Processing in Retailing 9. Trading-Area Analysis 10. Site Selection 11. Retail Organization and Human Resource Management 12. Operations Management: Financial Dimensions 13. Operations Management: Operational Dimensions 14. Developing Merchandise Plans 15. Implementing Merchandise Plans 16. Financial Merchandise Management 17. Pricing in Retailing 18. Establishing and Maintaining a Retail Image 19. Promotional Strategy 20. Integrating and Controlling the Retail Strategy Responsibilities) Jennifer Herrity Updated March 3, 2023 If you're passionate about guiding teams toward achieving success and using your sales skills to increase revenue, you might enjoy working in retail management. Retail management involves many responsibilities, and there are often multiple managers sharing these duties to help optimize a store's operations. Understanding what this career entails may help you decide if you're interested in pursuing a management role in the retail industry. In this article, we discuss retail management, the responsibilities of a retail manager, how to become a retail manager and 10 retail management positions to consider. What is retail management? Retail management is a process that store leaders participate in to encourage sales, enhance store associates' performances and exceed customers' expectations. These practices aim to build customer loyalty and improve efficiency. They also may help teams stay aligned, progressing toward common goals. Here are some of the areas retail management focuses on: Inventory management: Ensuring the store is stocked according to customer demand and communicating with suppliers Warehouse operations: Coordinating storage and transportation of goods at an offsite warehouse Offline and online storefronts: Managing e-commerce and brick-andmortar sales Payments and accounting: Documenting and overseeing the store's financial accounts Human resources: Supervising, training, hiring and developing staff members Store layout: Controlling the store environment with lighting, temperature, visual displays and product placement to make merchandise look appealing Customer service: Answering customers' questions, helping them find the right items, resolving disputes and building loyalty Sales: Using pricing strategies and customer service skills to meet organizational sales goals and grow revenue Related: 4 Steps To Improve Operations in Retail What are a store manager's responsibilities? Retail managers are store leaders who enact retail management strategies and techniques to help a store meet its goals. These professionals manage teams of store associates, ensure the store has the necessary items it needs and handle the visual presentation of merchandise. Retail managers are responsible for a variety of tasks, including: Mitigating loss and protecting merchandise from theft or damage Keeping proper records of products coming into or leaving the store Ensuring the store is clean, visually appealing and easy to navigate Organizing merchandise according to sales goals Helping customers on the sales floor Ordering products from suppliers to maintain the right amount of inventory Hiring, training and supervising sales staff Creating daily sales reports outlining profits, customers and any loss Scheduling staff to support customers on the sales floor, attend to the cash register and unpack shipments Related: 12 Retail Jobs That Pay Well How to become a retail manager Here are the key steps to becoming a retail manager: 1. Graduate from high school or earn a GED A degree isn't usually a requirement for an entry-level retail position, but a high school diploma or equivalent is often important for managers. It might be wise to complete your education before pursuing a managerial role. Completing high school may also help you refine your organizational and leadership skills, which are useful in retail management. Related: GED vs. High School Diploma: What's the Difference? 2. Gain retail work experience Entry-level positions in retail can teach you necessary skills such as customer service, organization, marketing, leadership and teamwork while building a professional network. Roles to pursue include a cashier, sales associate, stocker, bagger or department personnel. Consider the type of retail store you want to work in, too. For example, you might want to work in a small local shop to stay connected with your community, or you may want to work for a national chain to access a wider network of colleagues. Reflect on your priorities to determine the right retail environment for you. Related: What To Wear for a Retail Interview 3. Pursue a college degree (optional) Having either an associate's degree or a bachelor's degree in a business or retailrelated field can teach you more about management concepts. Sales, marketing and business management are all relevant majors to consider. Supplementing your retail experience with a formal education could help you become a competitive candidate. Related: 9 Benefits of Having a Business Management Degree 4. Move into a lower management position Department manager or assistant manager roles could help ease you into the management role you're pursuing. Having supervisory experience on your resume may also qualify you for higher-level management jobs. Applying for leadership opportunities when they arise may also demonstrate ambition and work ethic to your employer, which may benefit you in your career. Related: Retail Assistant Manager Interview Questions 5. Get promoted to store-level management Try to be vocal about your career goals so your supervisor knows you're interested in management roles when they become available. To make yourself a viable candidate, showcase your potential in your current role by being a leader among your peers. Try to arrive punctually to every shift, volunteer for extra responsibilities and meet your sales goals. If you work within a chain, you may have the option to transfer to another store to become a manager if your current store doesn't have an open role. Related: How To Get Your First Manager Job 10 retail management jobs Some retail stores hire multiple managers to fulfill different management roles. Learning more about the management opportunities available in the retail industry could help you pursue your first retail management job. Here's a list of 10 jobs in retail management that you could pursue. For the most up-to-date salary information from Indeed, visit indeed.com/salaries. 1. Head cashier National average salary: $33,952 per year Primary duties: The head cashier supports management by supervising cashiers, training new hires and maintaining the cash register area. They also perform customer service duties, such as resolving complaints and answering questions, as well as reconciling each cash drawer at the end of each shift. These individuals typically ensure that all team members abide by store-wide guidelines when working at the cash register. Read more: Learn About Being a Head Cashier 2. Customer service manager National average salary: $42,857 per year Primary duties: Customer service managers are responsible for overseeing the customer care department of larger retail establishments. This department typically handles aspects of customer support including answering customer questions, addressing concerns, researching an issue when necessary and communicating customer issues to store management. They also may be involved in developing customer loyalty programs and brainstorming ways to retain customers. Read more: Learn About Being a Customer Service Manager 3. Retail assistant manager National average salary: $45,624 per year Primary duties: A retail assistant manager supports the store manager by performing managerial tasks and taking over when the store manager is away. A person in this role may be responsible for training and supervising employees, assisting in inventory management and problem-solving in the event that an employee or a customer has an issue. Retail assistant managers may also help the manager determine team goals and track progress towards these goals. Read more: Learn About Being a Retail Assistant Manager 4. Store manager National average salary: $45,881 per year Primary duties: A store manager is responsible for the daily operations of a retail store, including managing inventory, hiring and training employees, monitoring customer returns and implementing store promotions. They may also act as a resource for customers and staff on store policies and other store information. These individuals may report to regional or national management if they work for a large corporation or to the owner if they work for a small business. Read more: Learn About Being a Retail Store Manager 5. Warehouse manager National average salary: $52,819 per year Primary duties: As a retail inventory professional, a warehouse manager is responsible for monitoring inventory levels and reporting on inventory trends, managing the warehouse and warehouse staff, stocking shelves and creating enticing displays to encourage additional sales. They may also be required to complete Occupational Safety and Health Administration (OSHA) training and receive a license to drive a forklift, depending on the scope of the role in a particular company. Warehouse managers might coordinate with store managers about scheduled shipments, e-commerce orders or inventory issues. Read more: Learn About Being a Warehouse Manager 6. General manager National average salary: $59,826 per year Primary duties: A general manager is responsible for interviewing and hiring employees, evaluating employee performance, administering disciplinary action if necessary and setting store goals. They may work with the store-level manager to determine which procedures to complete to meet the store's profitability goals. These individuals often oversee multiple locations of a business. Read more: Learn About Being a General Manager 7. District manager National average salary: $63,864 per year Primary duties: A district manager is responsible for overseeing retail stores within an assigned geographic area. These professionals hire store managers, track individual store sales goals and create budgets. They also perform regular site visits to ensure that each store is receiving proper upkeep and policies are being followed, and they conduct periodic management training sessions. They might also take part in human resources-related issues if necessary. Read more: Learn About Being a District Manager 8. Brand manager National average salary: $65,163 per year Primary duties: A brand manager monitors market trends by conducting market research and gathering sales data from competing brands. They perform competitor analysis and develop brand campaigns to increase brand awareness. They may also create monthly brand exposure reports and interact with vendors to discuss product and packaging design. Brand managers may also visit stores to monitor visible inventory and product displays. Read more: Learn About Being a Brand Manager 9. Human resources manager National average salary: $70,627 per year Primary duties: Human resources managers are responsible for recruiting, interviewing and hiring staff members, administering performance evaluations and acting as a liaison between staff and management. They also typically work with upper management to develop company policies and establish a positive work environment. They may also be responsible for executing onboarding processes, writing job descriptions and posting job listings. Read more: Learn About Being an HR Manager 10. IT manager National average salary: $87,689 per year Primary duties: Information technology (IT) managers are responsible for ensuring that the store's computer systems are operational, including hardware, software and network connections. They oversee the IT team and perform updates and maintenance on digital devices and programs to support business operations. In the retail industry, these professionals may manage technology such as security systems, POS (cash register) systems and inventory management systems. Read more: Learn About Being an IT Manager