The average pay for a Retail Manager is £22,318 per year. A skill in Profit & Loss (P&L) Statements is associated with high pay for this job.

£16,945 - £34,471
£17K
£23K
£34K
MEDIAN: £23,313
10%
50%
90%
£7.03 - £12.21
£7
£8
£12
MEDIAN: £8.48
10%
50%
90%
£0£34K
Salary £16,945 - £34,471
Bonus £197 - £4,928
Profit Sharing £1,750
Commission £0.00 - £3,947
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).
)
£16,345 - £34,840
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 16 Jun 2018
  • Individuals Reporting: 614
Hourly Data £0£23
Hourly Rate £7.03 - £12.21
Overtime £0.00 - £23.39
Annual Data £0£34K
Bonus £197 - £4,928
Commission £0.00 - £3,947
Profit Sharing £1,750
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).
)
£16,345 - £34,840
  • Country: United States
  • Currency: GBP
  • Updated: 16 Jun 2018
  • Individuals Reporting: 99

Job Description for Retail Manager

Retail managers are in charge of overseeing the operation of a retail store, including hiring and firing store employees, overseeing inventory, and managing customer service. The responsibilities of a retail manger vary depending on the size of the store. Many times, managers in small stores have a wider range of responsibilities than managers in larger ones. Managers of small stores typically control inventory and set prices; in some cases, they are in charge of deciding when inventory goes on sale. Large retail shops usually have computers track their inventory and do not have much control on pricing or sales; in these cases, it is the manager’s responsibility to ensure that the inventory is priced correctly.

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Retail Manager Tasks

  • Manage overall day to day operations of the store, including hiring, reviewing, and employee scheduling.
  • Assist in planning annual or specific budgets.
  • Develop rapport and make connections with the retail team and customers.
  • Set and track retail goals and objectives.

Retail Manager Job Listings

Popular Skills for Retail Manager

Pay by Experience Level for Retail Manager

Pay by Experience for a Retail Manager has a positive trend. An entry-level Retail Manager with less than 5 years of experience can expect to earn an average total compensation of ₤21,000 based on 136 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Retail Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤23,000 based on 133 salaries. An experienced Retail Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤24,000 based on 129 salaries. A Retail Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤24,000 based on 49 salaries.

Pay Difference by Location

National Average: £23,017

Larger city markers indicate a job is popular in that location.

Retail Manager Reviews

Q: What is it like working as a Retail Manager?

Retail Manager in Birmingham:
"Great."
Pros: Interaction with customers
Cons: Not being paid enough for all the work i do

Related Job Salaries

Key Stats for Retail Manager

Gender

Female
56 %
Male
44 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.
Less than 1 year
3%
1-4 years
27%
5-9 years
26%
10-19 years
30%
20 years or more
14%

Experience Affects Retail Manager Salaries

▲5%

▲2%

▼0%

National Average
₤23,000

▼10%

Skills That Affect Retail Manager Salaries

Profit & Loss (P&L) Statements
▲30%

Operations Management
▲2%

National Average
₤23,000








Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
3%
1-4 years
27%
5-9 years
26%
10-19 years
30%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 12%
dental benefits
Dental: 6%
vision benefits
Vision: 7%
no benefits
None: 83%