District Manager, Retail Salary
Retail District Managers who are practiced in their profession and carry more than 10 years of experience make up slightly less than three-fifths of Retail District Managers. Pay fluctuates from $47K to $116K per year, but expected earnings average $72K per year. With bonuses occasionally running north of $25K, profit sharing proceeds sometimes surpassing $20K, and a few commissions as high as $25K, total income for Retail District Managers can range between $47K and $116K according to individual performance. The particular firm is the biggest factor affecting pay for this group, followed by the particular city and years of experience. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men make up a slight majority of Retail District Managers (56 percent) who responded to the survey. The majority of workers are highly satisfied with their job. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Job Description for District Manager, Retail
Retail district managers ensure that the retail stores they oversee run smoothly and meet established sales goals. They must continuously communicate with managers at their stores and corporate office, such as on strategies to drive sales, new products and inventory needs. Retail district managers may directly train store managers in their district on sales strategies, brand standards and product knowledge. Additionally, they may work with human resources staff to interview, hire and fire store managers and/or assistant store managers.Read More...
Retail district managers must travel regularly to visit retail stores in their district, as well as travel to their corporate office. They must ensure that their retail stores provide customer satisfaction and product quality, as well as manage their district’s budget and financial performance. They must be able to analyze financial reports given to them by store managers, manage the safety and security of retail stores, and participate in conference calls with store managers and their corporate office on a regular basis.
A bachelor’s degree in marketing, finance, accounting, business administration or another relevant field is typically required for this position. Retail district managers also need to have a thorough understanding of retail aesthetics and customers’ preferences, as well as stay up to date with trends, new products and competitors. They must have strong interpersonal, leadership and teamwork skills, as well as be comfortable in making presentations and in leading various staff meetings.
District Manager, Retail Tasks
- Monitor sales and operations at retail stores within a region to ensure sales targets are met.
- Hire, train, and supervise store managers in the region.
- Manage store inventory, adjusting inventory at each store depending on market trends and sales performance.
Common Career Paths for District Manager, Retail
While not commonly seen, Retail District Managers who transition into a VP of Operations position may see a rise in pay. The median salary for VPs of Operations is $123K per year. A lot of Retail District Managers advance their careers by becoming Regional Retail Managers and Retail General Managers. However, those positions offer $4K less and $22K less per year on average.
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Popular Employer Salaries for District Manager, Retail
Dollar General Corporation, Starbucks Corporation, Speedway SuperAmerica LLC, Dollar Tree Stores Inc, and Goodwill Industries are leaders in the field that employ a large number of Retail District Managers. Retail District Managers seeking a sizable paycheck can earn the most at Sears Holdings Corporation, where the median salary comes to $114K, though the large pay difference between employees at the top ($30K) and those starting out ($148K) creates a rather diverse pay scale. Other employers shelling out big bucks include CVS Caremark Corporation, Bed Bath & Beyond Inc, and Bath & Body Works Inc, where Retail District Managers typically earn around $106K, $91K, or $87K, respectively.
The lowest pay by far can be found at Goodwill Industries — this employer offers a median salary of $59K, just about half of the top paying company's median. Other low-paying employers include Speedway SuperAmerica LLC at $67K and Dollar Tree Stores Inc at $72K, though some Retail District Managers there earn up to $110K.
Popular Skills for District Manager, Retail
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Profit & Loss Statements, Leadership, People Management, and Financial Analysis are correlated to pay that is above average. Those listing Customer Service as a skill should be prepared for drastically lower pay. Hiring and Training Management also typically command lower compensation. The majority of those who know Leadership also know Operations Management and Sales Management.
Pay by Experience Level for District Manager, Retail
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Retail District Managers — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $64K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $74K. Retail District Managers with one to two decades of relevant experience report an average salary of approximately $81K. Retail District Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $87K.
Pay Difference by Location
For Retail District Managers, working in the bustling city of New York has its advantages, including an above-average pay rate. Retail District Managers will also find cushy salaries in San Francisco (+32 percent), Salt Lake City (+27 percent), Dallas (+14 percent), and Houston (+12 percent). In Portland, salaries are 12 percent below the national average and represent the lowest-paying market. Chicago and Los Angeles are a couple other places where companies are known to pay below the median — salaries are 2 percent lower and 1 percent lower, respectively.