Merchandise Manager Salary
Job Description for Merchandise Manager
Merchandise managers work in retail environments and strive to provide products that are enticing to customers and ensure they are in stock. The goal is to increase sales and profits for the location, and it's also important to ensure that the merchandise is arranged in ways that are attractive to customers.Read More...
Merchandise managers may have duties relating to training, coaching, and motivating employees. These managers often have a payroll budget, so they must ensure that enough employees are available and that they are working effectively. They must always follow all company policies and ensure that other employees do the same. There will often be periodic sales goals to be met or surpassed, and bonuses may also be offered based on this progress. Keeping inventory and minimizing losses are also responsibilities of the position so that periodic audits are successful.
Merchandise managers should also keep track of popular items so they can be reordered in sufficient quantities. In some cases, the manager will only need to order items from the parent brand, while in other cases he/she will need to work with vendors and use bargaining skills to obtain merchandise at profitable prices. They may occasionally be required to assist on the sales floor at busy times, as well. Prior sales experience and a college degree are generally required for this position.
Merchandise Manager Tasks
- Create and implement store merchandising plans and standards.
- Conduct routine store walks and generate reports.
- Manage merchandising team by coordinating work schedules and activities.
- Communicate merchandising layouts, planograms, and store listings.
Common Career Paths for Merchandise Manager
There are some Merchandise Managers — though it's uncommon — that transition into Operations Managers, where earnings are an average $59K annually. An Assistant Store Manager role is the most prevalent career advancement for Merchandise Managers. Paychecks for that role are $37K on average. The Retail Operations Manager position is another common transition for Merchandise Managers; in this role, salaries are typically at the $49K mark.
Merchandising Manager Job Listings
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Popular Employer Salaries for Merchandise Manager
Macy's, Inc. offers the largest salaries in town — $54K on average.
Popular Skills for Merchandise Manager
Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Negotiation, Operations Management, and Project Management are correlated to pay that is significantly above average, leading to increases of 80 percent, 8 percent, and 6 percent, respectively. At the other end of the pay range are skills like Customer Service, Sales Management, and Inventory Management. Those educated in Inventory Management tend to be well versed in Sales Management.
Pay by Experience Level for Merchandise Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average worker who claims fewer than five years of experience earns around $37K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $52K. People with 10 to 20 years of experience make an average of about $51K in this role. Merchandise Managers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $53K.
Pay Difference by Location
Merchandise Managers will find that New York offers an impressive pay rate, one which exceeds the national average by 85 percent. Merchandise Managers can also look forward to large paychecks in cities like San Francisco (+84 percent), Portland (+74 percent), Dallas (+57 percent), and Memphis (+54 percent). The lowest-paying market is Houston, which sits 13 percent below the national average.
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Key Stats for Merchandise Manager
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