Retail management can refer to the way business is conducted in the retail sector : the very stage in which

goods and services are delivered to their end users. As a job sector, Retail Management offers positions with names like Retail Store Manager, Retail Area Manager or Retail Assistant Store Manager. Depending on the business model, management can be conducted local or central whereby the approach (how do we approach the customer?) is local, national or global. It is the way business is lead in the retail sector - with retail being the delivery of goods and services to end user (the last station in the production process).

Store manager
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Contents

1 Roles and responsibilities

o o o o o

1.1 Sales generation 1.2 Safety and security 1.3 Division of responsibility 1.4 Hiring, training and development 1.5 Visual merchandising and inventory control

2 References 3 See also

A store manager is the person ultimately responsible for the day-to-day operations (or management) of a retail store. All employees working in the store report to the store manager. A store manager reports to a district or general manager.

[edit]Roles

and responsibilities

Responsibilities of a store manager may include:

Human Resources, specifically: recruiting, hiring, training and development, performance management, payroll, and schedule workplace scheduling

Store business operations, including managing profit and loss, facility management, safety and security, loss prevention (also called shrink), and banking

Product management, including ordering, receiving, price changes, handling damaged products, and returns

Team Development, facilitating staff learning and development Problem solving, handling unusual circumstances

[edit]Sales

generation

A store manager must meet monthly, quarterly, or annual sales goals, depending on the company's fiscal cycle. This involves setting individual sales goals (quotas), holding contests for employees, or offering sales promotions. The manager may also receive a monetary incentive (or "bonus") tied to financial performance over a specific period. This incentive may be based on net sales, profitability, or both. Thus, the store manager may be forced to reduce payroll expenditures by decreasing employees' hours, or otherwise reducing operating cost. A store Manager should Motivate his team to achieve the target set for the store by Using some different activities. A store manager should set an example for his/her subordinates to follow.

[edit]Safety

and security

The General manager must post Material Safety Data Sheets for their employees for any hazardous materials used in the store.

The Store manager is the store's primary key-holder and may be called to the store before, during, or after business hours in the event of an emergency. They are also responsible for the safety of all customers and employees on store premises. Store managers may be required to hold safety meetings, especially as dictated by unionpractices in cases where store employees belong to a union.

[edit]Division

of responsibility

A store manager may have several subordinates who have management-level responsibility. These employees may be called assistant managers, department managers, supervisors, keyholders, shift leads, or leads. A store manager has over-all responsibility for all day to day activity of the store. Managing & controlling staff, and planning are essential points of the store manager.

[edit]Hiring,

training and development

The store manager is responsible for hiring, training, and in some cases, development, of employees. The manager must ensure staffing levels are adequate to effectively operate the store, and ensure employees receive training necessary for their job responsibilities. Managers may be responsible for developing employees so the company can promote employees from within and develop future leaders, potentially for employment at other locations. The role of store managers with regards to the other employees varies from company to company and each respective company's operating methods but in general a store manager will be required to deal with and try to solve any issues adversely affecting an employee's work. This is done to prevent a drop in productivity and to make sure that the employee seeking help doesn't end up being a casualty of the necessary role of firing long-term inefficient workers.

[edit]Visual

merchandising and inventory control

Store managers ensure that visual merchandising is consistent with customers' expectations of the brand.

In retail locations, store managers are responsible for visual merchandising. Many companies communicate how to merchandise their stores using direction such as planograms to indicate product placement. While managers have a varying degree of autonomy in deviating from corporate direction, it is important to ensure that stores are compliant with the company's brand image. Managers must ensure that the proper amount of inventory is displayed for customers to purchase, by ensuring that shelves and racks remain stocked and that product is frequently rotated out of storage areas. Managers are also concerned with shrinkage, and must ensure that merchandising techniques and customer service skills minimize the possibility of product being stolen. Possible Salary for Visual Merchandiser Salaries [1]

[edit]References