What Does a Store Manager Do?
Store Managers typically work for large department stores, boutiques or retail chains to maintain a well-organized, customer-focused environment. They work closely with the Assistant Store Manager to arrange employee work schedules and monitor their spending budget. Their job is to delegate tasks among Store Associates like restocking shelves, checking out customers and reorganizing displays. They may also be responsible for coming up with marketing ideas to draw customers from the local community.
Store Manager Skills and Qualifications
A Store Manager should have a variety of skills. Some skills a Store Manager should have are:
- Budgeting: A Store Manager must know how to budget the store’s revenue so there is a profit.
- Accounting and finance: A Store Manager must have accounting and finance skills to ensure the store’s financial records are up to date and correct.
- Marketing: Marketing is a Store Manager skill because the store needs to attract customers and retain current customers.
Store Manager Salary Expectations
The average salary for a Store Manager is $43,057 per year. This is the average, but compensation varies depending on bonus packages. The salary estimates are based on salaries submitted anonymously to Indeed by Store Manager employees, users, as well as being collected from job advertisements on Indeed from the past 36 months.
Store Manager Education and Training Requirements
A Store Manager should have at least a bachelor’s degree in a business field. The National Retail Federation, an organization for retail professionals, offers further training and coursework for a Store Manager position. Retail experience can be often substituted for a degree. A Store Manager should have previous retail experience with a supervisory capacity on their resume.
Store Manager Experience Requirements
A Store Manager typically has to have years of experience. Some experience requirements for a Store Manager are a high school diploma or equivalent with years of experience in retail. A bachelor’s degree in business administration or similar business degree is preferred. Working as a Manager in retail is useful with staff and customer management abilities.
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