Retail management is an area in business emphasizing processes and strategies associated with training, managing, organizing, leading, and training individuals and teams within a retail organization. A retail manager is also known as a retail supervisor in many regions. Retail managers possess willingness and capacity to manage resources, develop plans, and organize people within a retail business. Managers will need to carefully assess opportunities and risks as a store or company strives to meet a collective set of business objectives.
In a traditional sense, retail managers are charged with controlling a public or private, walk-in store location or a set of locations in an efficient, profitable manner to take advantage of a business opportunity, satisfy customer demand, or set of market inefficiencies.
According to the BLS, retail management is a vital role in the growth of the United States economy. Despite common perception about retail shopping, it continues to swell over time. In fact, retail sales have doubled in the past decade despite the belief online sales were taking over the economy at the expense of all retail commerce.
PERCENT ABOVE NATIONAL
TOTAL SECTOR EMPLOYMENT1,194,290
Degree Median Salary vs Adjacent Degree Types
Source: BLS, US Census, and IPEDS