Retail Director Salary
Retail Directors in the United States pull down an average of $77K per year. Most Retail Directors like their work and job satisfaction is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Men working as Retail Directors who took the survey just slightly outnumber women at 52 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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|Salary||$47,679 - $129,128|
|Bonus||$1,927 - $31,140|
|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).)
|$47,787 - $154,445|
Job Description for Retail Director
A retail director works under the direction of the president of a particular company. Their main responsibility is to direct all retail operations and staff. The director must provide leadership and management skills to the department and oversee all purchases to ensure the company maintains steady growth and increasing profitability. The retail director's main duties typically include implementing relevant policies (which are most often made by the board of directors), managing all operations in the retail department, researching new vendors, and maintaining good relationships with existing vendors. They also order all apparel and non-apparel items, ensure there is an appropriate amount of stock at all times, and maintain excellent tracking on all purchase orders. Retail directors need to communicate effectively with colleagues and work well with subordinates, providing guidance, training, and discipline as needed.Read More...
Retail director positions generally require at least a bachelor’s degree and five years of related experience, which generally must include managing multiple stores and performing retail purchasing. A strong retail director must have excellent organizational, time-management, and communication skills, as well as proficiency with basic computer programs. They should work well with others in a team setting, as well as on their own with minimal supervision.
Retail Director Tasks
- Train employees in sales strategies and help employees improve individual performances.
- Develop sales strategies and objectives for a retail store and for the each of the store's employees.
- Identify products and services with the greatest potential for increasing revenue.
- Keep records of sales made in departments and by each employee, analyzing the results to find trends.
Pay by Experience Level for Retail Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average inexperienced worker earns $67K, and someone who has worked for five to 10 years can expect a bigger median salary of $74K. After working for 10 to 20 years, Retail Directors make a median salary of $90K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $87K by contrast.
Pay Difference by Location
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Key Stats for Retail Director
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