Avg. Base Salary (USD)
The average salary for a Retail Manager is $44,389
What is the Pay by Experience Level for Retail Managers?
An early career Retail Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $38,784 based on 29 salaries. A mid-career Retail Manager with 5-9 years of experience earns an average total compensation of $45,741 based on 25 salaries. An experienced Retail Manager …Read more
What Do Retail Managers Do?
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 …Read more
- 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.
FAQs About Retail Managers
What is the highest pay for Retail Managers?
Our data indicates that the highest pay for a Retail Manager is $62k / year
What is the lowest pay for Retail Managers?
Our data indicates that the lowest pay for a Retail Manager is $32k / year
How can Retail Managers increase their salary?
Increasing your pay as a Retail Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Retail Manager that oversees more junior Retail Managers, this experience can increase the likelihood to earn more.