Project Manager, Retail Planning & Development Salary
Earnings for Retail Planning & Development Project Managers in the United States come in at around $62K per year on average. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. Job satisfaction for Retail Planning & Development Project Managers is high. Although a fair number have medical coverage and the greater part have dental coverage, nearly one in four claim no health benefits at all. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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|Salary||$41,941 - $100,240|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$42,082 - $113,851|
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.
Project Manager, Retail Planning & Development Job Listings
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 with a rich background of experience are typically rewarded with larger paychecks. People who have worked for fewer than five years earn around $52K, and folks with five to 10 years of experience see a modestly higher median of $62K. People with 10 to 20 years of experience make an average of about $87K in this role. Professionals who boast more than 20 years of experience reap the fruits of their labor to the six-figure tune of $125K — the plum median salary in this group.
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Key Stats for Project Manager, Retail Planning & Development
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