Candidates who have retail experience will have the best opportunities. Projected employment growth of retail managers reflects projected industry growth. For example, faster than average growth is expected in appliance, radio, television, and music stores, while average growth is expected in miscellaneous shopping goods stores. On the other hand, slower than average growth is expected in department stores, while employment of managers is expected to decline in gasoline service stations. Earnings Salaries of retail managers vary substantially, depending upon the level of responsibility, length of service, and type, size, and location of the firm.
Compensation systems vary by type of establishment and merchandise sold.
Most managers receive a commission or a combination of salary and commission. Under a commission system, retail managers receive a percentage of department or store sales. These systems offer managers the opportunity to significantly increase their earnings, but they may find that their earnings depend on their ability to sell their product and the condition of the economy. Those managers who sell large amounts of merchandise often are rewarded with bonuses and awards, and receive recognition throughout the store or chain. Retail managers receive typical benefits and, in some cases, stock options.