Retail Sales Director Salary
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|Salary||$34,724 - $128,943|
|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).)
|$34,724 - $154,375|
Job Description for Retail Sales Director
Retail sales directors are responsible for directing retail sales tasks and supervising sales staff on behalf of their organization. These individuals are in charge of managing a variety of sales activities and planning retail strategies that can increase productivity and profitability.Read More...
In addition, these professionals have the ability to create effective schedules and methods that increase sales. They also have strong interpersonal skills to communicate with vendors, clients, and staff on a regular basis. They have excellent analytical skills to come up with innovative solutions to sales issue and plan retail activities. Some of their main duties include organizing retail product or services distribution and deploying efficient sales methodologies. They work in an office setting with sales specialists and professionals. They demonstrate their leadership skills to solve sale issues as soon as they arise. They share information with other department managers and can perform effectively in a team setting to reach all sales objectives. Retail sales directors have to abide by strict privacy regulations. Retail sales directors usually report their progress to the sales vice president in their company. They deliver sales targets under strict deadlines to become more competitive. These directors also have excellent multitasking skills to participate in several sales aspects at once, such as ordering, billing, and negotiating.
As part of their basic responsibilities, they also conduct market research to adjust sales goals and change their positions to increase their recognition. They develop strong business relationships with vendors to reach great pricing for company resources. These directors usually have a bachelor's degree in marketing, business administration, retail planning, or a related field. In addition, previous years of work experience in a directing or managerial capacity can be helpful. Managerial or sales certifications are a plus.
Retail Sales 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 Sales Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Retail Sales Directors, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Inexperienced workers earn around $60K, but people who have been around for five to 10 years pull down a much higher average of $103K. The average pay reported by folks with 10 to 20 years of experience is around $108K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $140K, which is substantially larger than the medians reported by folks with fewer years on their resumes.
Key Stats for Retail Sales Director
Rated 4 out of 5
based on 2 votes.