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Becoming a Retail Manager

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With an enormous boom in the retail sector, opting to be a retail manager is a lucrative option. It is quite a challenging job as the manager needs to be on his toes all the time especially if it is a large store.

There are many responsibilities of a retail manager. He handles the complete functioning of the store and therefore, he is accountable for all aspects of a business. Managing the branch or store on a daily basis is the chief responsibility of a retail manager. It is inclusive of the regular achievement of the sales targets and the rise in profits. Retail manager duties also involve enhancing the commercial presentation of the organization, functioning in the direction of enhanced market share by taking advantage of the opportunities to capitalize on the profits, enhancing the consumer contentment and assuring continuous development. A large part of the responsibility includes administrating and inspiring the employees for enhancing the sales and proficiency. Assuring that the supplies are re-ordered timely and collection of a good quality is also the duty of a good retail manager.

A good retail manager would always need to conduct himself professionally and manage the staff effectively. He will encourage the staff to focus on consumers and try and maintain them. This ensures that the other employees also keep up a fine customer service. Individuals question or complaint might have to be answered by them and it can range anywhere relating to purchases or complaints, etc. Health safety and security is also looked after by a retail manager.

A college degree in business or retail management is required to be a retail manager. A diploma in business or retail management can also help. The candidate owning a master's degree like an MBA will enhance his C.V. and will have better job prospects.

A retail manager must be also a good team leader, have fine managerial skills, and should be able to manage the populace. He has to enthusiastically accept the responsibility right from the day one, and be a quick decision maker. A must have for this career is the finest verbal and written communication skills. Commitment towards the requirements of the consumer and a smart and pleasing appearance are some of the other requirements for this field.

There are several super markets and retail stores that give rapid training and career growth to fresh graduates in retail management. Many retails stores provide management training opportunities that expose them to the actual work environment and real life challenges. These training sessions of the organizations can last up to two years. These have modules like orientation; in-store training is also done. There are some retailers that also sponsor their employees for further education and certification like a MBA, etc.

Consider an internship when you are still in college. This can give a vital start in your portfolio and can also give you an insight into the working system of the store. After your graduation, look up starting positions in the retail sector. One always has to start from the bottom of the ladder and then move up. After gaining a couple of years experience will be able to step up the ladder of success.

The retail sector has a lot of vacancies and usually employs approximately 10% of the labor force. There is strong competition in this sector but there are a lot of incentives and promotion, if there is sincerity, fortitude, and panache in your work.

A retail manager can be employed in numerous stores that are inclusive of the major departmental store, fashion boutiques, and branded stores that sell their in house brand, or supermarkets and other smaller shops.

The salary really depends upon the size and scale of the company and the job responsibility of a retail manager. The trainee retail managers in multiple fashion stores can begin from $35,000 to $50,000 approximately. They are also supplemented with bonus, incentives, commission, improved pension plans, employee discount, and good social amenities. However, the smaller retail companies are likely to pay less and offer lesser incentives.

In conclusion, the job of a retail manager is really vital for a store to function properly. It is a retail manager who can get the store the popularity and profits that the company desires. They always have to be on the job. They are expected to work around 40 hours a week and that also includes weekends, because those are the days when there is major footfall in the shopping center. The public holidays, religious and other celebrations are the peak time and the retail manager has to be there in the store. They also have to ensure that a proper management cover is there in the store every time and that requires them to also work late nights and overtime.
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