Project Manager, Retail Planning & Development Salary
Retail Planning & Development Project Managers in the United States pull down an average of $73K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and more than half earn dental coverage. Retail Planning & Development Project Managers who participated in the survey are largely men, dominating at 63 percent. Most Retail Planning & Development Project Managers report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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
- 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.
- Oversee contractor bidding process and negotiate contracts with selected contractors.
- Identify property for new retail store locations and negotiate terms for lease or sale of property.
- Develop a schedule of milestones for project completion.
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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.
Experience is an important factor influencing the compensation of Retail Planning & Development Project Managers. Average salaries for inexperienced employees average out to around $56K, but folks who have five to 10 years of experience earn a higher median of $80K. After working for 10 to 20 years, Retail Planning & Development Project Managers make a median salary of $83K. Survey participants who have worked for more than two decades report bringing in $122K on average.