Store Manager

A store manager is the person responsible for the every day management or operations of a retail store. The employees who are working in a store reports to a store manager. In turn, the store manager reports to a general or district manager.

A store manager holds a lot of roles and responsibilities. They usually handle the functions of human resources in a store. This includes the recruitment, hiring, firing, training and development, managing performances, payroll and scheduling the workforce. In team development, they are responsible for facilitating the staff’s learning and development.

In a store business operations, their roles may include the management of the profit and losses, facility management, security and safety, shrink or loss prevention and banking.

Store managers are also in charge of product management which includes purchasing, receiving, price changing, the handling of damaged products and the returns. In most cases, store managers also handle resolving unusual circumstances.

Store Manager Education Requirements

The Store Manager education requirements may vary for every employer. Most store managers achieve their position by earning years of experience working in the retail business. In large, independent stores this position can be very competitive. For top positions in management, the candidate needs to acquire a bachelor’s degree, then a master’s degree in business administration, gain years of work experience and keep a record of their success with other jobs.

Chain stores often hire high school graduates to participate in their management training programs. However, several employers would prefer applicants who have completed their college training in a classroom set-up along with on-the-job training. In a lot of chain stores, the trainee starts off as assistant manager before they become a store manager. This may take 1 to 3 years to achieve.

What courses count towards Store Manager

The common courses taken as Store Manager requirements for academics are the following subjects: sales strategies, pricing/financial analysis, merchandising, marketing, personnel, consumer behavior, basic statistics, inventory, and others. The students enrolled in the retail management program can expect extensive collaborative work with their peer groups. Written examinations and oral presentation are common activities in this program.

What levels of degrees are available for Store Manager

  • The degree Associate of Science in Management will provide the student a foundation in business management working in a supportive environment. The degree can be taken in completion of a Bachelor’s degree or in a separate program. The various online management and business courses provides the student the necessary background for success in higher level courses and helps in confirming their decision in pursuing the management degree or choosing a minor.
  • The Bachelor in Retail Management Degree is specific in nature basing it on the type of industry and career area the student is pursuing. The primary goal of the program is in teaching students how to gain their competitive edge in the retail marketplace. The students are trained to become quick thinkers, creative, completely driven and aggressive so that they will succeed in the program and in the retail world. With the program, students learn to create effective store layouts, manage and train employees, plan the merchandise, maintain the inventory, direct their marketing efforts, and provide the general leadership covering all retail areas. The skills they will obtain with the retail management degree program helps in fostering the successful retail environment whether the services and good are available in a small shop, online boutique or a large department store.
  • The Master’s degree program for Store Management is an application of the core business administration principles found in the retail setting. Students develop their advanced knowledge in areas like merchandising, marketing and organizational management to effectively manage the single or the chain retail outlets. Upon the completion of the program the graduate is awarded with a Master of Science Business Administration with concentration on Retail Management or with an MS in Merchandising or M.S. In Hospitality and Retail Management.

What are the financial requirements to become a Store Manager

There are no definite costs in the completion of a Store Manager degree. They may vary depending on the school the student has chosen to enroll in, its state and location, the residency of the student, the degree taken up and the additional costs on top of the tuition.

One school in the US offers an online Associate’s degree in Management for a cost of $29,400 for the entire program of 60 credit degrees. That does not include the approximate program text book costs of $2,400.

What the continuing education requirements for Store Manager

There are various certificate programs for store manager continuing education being offered by universities. Admission to these certification programs will require the student to complete their bachelor’s degree, their Associate of Arts degree or at least acquire the equivalent of first two years of University work. There is a minimum GPA required.

The store manager certification and certificates being offered are under the programs of Banking, International Bank Management, Export-Import Management, Entrepreneurship, Sales and Customer Relationship Management and Macy’s Certificate in Retail Management.

What are the skills necessary to become a Store Manager

Completing the Store Manager required education is not enough to become successful. You must also possess the following store manager qualifications:

  1. A store manager must be a great leader. They should be able to motive their staff by giving them trainings and programs for development. They should also be able to coach other managers to become better managers of their people.
  2. An efficient store manager must be results oriented and a strategic thinker.
  3. Must be able to make those quick decisions when handling unusual circumstances and customer’s demands.

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