Retail Director Salary
Retail Directors who are practiced in their profession and carry more than 10 years of experience make up somewhere between two-thirds and three-fourths of Retail Directors. Pay fluctuates from $47K to $148K per year, but expected earnings average $75K annually. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of workers are highly satisfied with their job. Men make up a slight majority of Retail Directors (59 percent) who responded to the survey. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
|Salary||$47,580 - $124,498|
|Bonus||$1,546 - $31,511|
|Total Pay (||$46,743 - $148,286|
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
Pay by Experience for a Retail Director has a positive trend. An entry-level Retail Director with less than 5 years of experience can expect to earn an average total compensation of $67,000 based on 12 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Retail Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $74,000 based on 18 salaries. An experienced Retail Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $90,000 based on 38 salaries. A Retail Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $87,000 based on 27 salaries.
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Key Stats for Retail Director
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