Retail Director Salary
The average Retail Director in the United States earns approximately $79K annually. Medical benefits are awarded to nearly all, and most earn dental coverage. The majority of workers are highly satisfied with their job. Men working as Retail Directors who took the survey just slightly outnumber women at 57 percent. This snapshot results from replies to PayScale's salary survey.
|Salary||$49,006 - $132,257|
|Bonus||$1,957 - $32,282|
|Total Pay (||$52,714 - $158,370|
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.
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Pay by Experience Level for Retail Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The median compensation for relatively untried workers is $72K; in the five-to-10 year group, it's higher at around $73K. After working for 10 to 20 years, Retail Directors make a median salary of $96K. Survey participants with more than twenty years of experience only make around $87K on average, though; this group reports a lower median than the one claimed by mid-career individuals.
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Key Stats for Retail Director
Rated 5 out of 5
based on 10 votes.