Project Manager, Retail Planning & Development Salary
Median pay for Retail Planning & Development Project Managers in the United States is around $75K annually. Career length is the biggest factor affecting pay for this group, followed by geography. A strong majority report receiving medical coverage from their employers and the greater part collect dental insurance. There are more male Retail Planning & Development Project Managers than female among those who completed the questionnaire, making up 61 percent. Most workers in this position report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$43,024 - $106,636|
|Bonus||$1,250 - $25,000|
|Total Pay (||$43,150 - $127,331|
Job Description for Project Manager, Retail Planning & Development
Project managers of retail planning and development are responsible for managing all aspects of the project-planning and development processes for a retail-oriented organization. These individuals are in charge of leading a group of retail professionals in meeting all company objectives in a timely manner and must demonstrate leadership skills by completing retail development objectives to increment productivity with less use of company resources.Read More...
Among the main responsibilities of these project managers are contacting vendors to order specific products and overseeing shipping and unloading processes. These individuals must be organized, pay close attention to detail to minimize retail delays, and multitask on a variety of projects. They generally work in a fast-paced environment to coordinate efforts and meet all retail goals with the help of different departments and should have strong interpersonal skills to interact with suppliers and clients.
Those in this position must also strive to follow strict safety regulations to prevent accidents at work. They generally use a personal computer to create inventory and sales plans and organize retail efforts to increase productivity using new methodologies. They also participate in development meetings to suggest new planning methods for key milestones and delivery products.
Finally, additional responsibilities of these project managers include creating effective merchandise plans, performing product analyses to increase efficiency, managing season forecasts, running risk analyses, and reconciling inventory efforts.
A Bachelor's degree in Merchandise Planning, Business Development, or a related field is required for this position, and previous years of experience in a retail-planning or managerial position can be helpful. Industry and leadership certifications are also beneficial.
Project Manager, Retail Planning & Development Tasks
- Identify property for new retail store locations and negotiate terms for lease or sale of property.
- Develop a schedule of milestones for project completion.
- Oversee contractor bidding process and negotiate contracts with selected contractors.
- Construct project budget and conduct financial analysis to determine viability of project.
- Obtain required building and land use permits, and manage legal paperwork associated with project site.
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Pay by Experience Level for Project Manager, Retail Planning & Development
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Retail Planning & Development Project Managers who reported more years of relevant experience also reported higher earnings. People who have worked for fewer than five years bring home $55K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $75K. After working for 10 to 20 years, Retail Planning & Development Project Managers make a median salary of $85K. Veteran professionals who boast more than 20 years of relevant experience enjoy plum median salaries that average out to the six-figure sum of $125K.
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