Growth Trends for Related Jobs
A retail manager is in charge of an individual retail shop or department. Retail managers ensure that a retail establishment runs efficiently and effectively, and also hires, trains, and supervises employees.
According to the Occupational Information Network, retail managers direct and supervise sale workers in a department or retail establishment. They may be in charge of management, schedules, budgeting, purchasing, personnel work, and accounting. (See References 1.)
According to the U.S. Bureau of Labor and Statistics, retail management employees have the highest levels of employment in the following industries: other general merchandise stores; grocery stores; clothing stores; department stores; and building material and supplies dealers. (See References 2.)
Education and Training
According to the Occupational Information Network, experience working within a retail establishment is key. Retail management may start out working as retail salespersons. These occupations typically require a high school diploma. Some employers may look for an associate's degree or bachelor's degree.
According to the Occupational Information Network, the national employment of retail managers as of 2006 was 1,676,000 employees. Between 2006 to 2016, there is a slower than average projected growth of 3 percent to 6 percent and a projected need of 423,000 additional employees.
According to a May 2008 report from the U.S. Bureau of Labor Statistics, the mean hourly wage of a retail manager was $19.19, and the mean annual wage was $39,910. Annual wages ranged from $22,210 to $61,970 annually.