17 Best Paying Jobs In Department/specialty Retail Stores In 2024
17 Best Paying Jobs In Department/specialty Retail Stores in 2024 | Is other specialty stores a Good Career Path? Specialty stores operate similarly to any other retail stores, except they typically stock a single brand or product. This means there are a wide variety of opportunities in this industry, depending on your skills and previous experience. Kamerpower.com
Department/specialty retail stores are retail establishments that focus on a single product category. With the widespread jobs available in the retail industry, which necessitates concern on whether department/specialty retail stores is a good career path.
What are Department/Specialty Retail Stores?
Department/specialty retail stores are stores that sell a one-of-a-kind product or product range. In other words, they are stores that specialize in one line of products or goods. The following are some of the examples of department/specialty retail stores:
- Furniture stores.
- Florist
- Jewelry store
- sporting-goods stores.
- Coffee shop.
- Electronics retail stores.
- Bookstores.
- Pet stores.
- Hardware.
Is Other Specialty Stores A Good Career Path?
Yes, Other Specialty Stores is a good career path. Other specialty stores are typically retail locations that offer specific and specialized items such as a particular brand or type of product. This can be an excellent career path for those with brand loyalty or who have a passion for a specific type of product.
Is Department/Specialty Retail Stores A Good Career Path?
Yes, department/speciality retail stores is a good career path. Retail is one large industry and despite the growth of online businesses, specialty merchants will continue to draw customers due to the expertise of their employees.
Best Paying Jobs In Department/specialty Retail Stores
It is natural to desire a career in one of the highly paid career paths in this industry. Retail jobs have an unfortunate reputation for being poorly paid, but there are plenty of well-paying jobs in other specialty stores.
1. Inventory Manager
An Inventory Manager is an expert that monitors a company’s inventory levels. This manager, in other words, is in charge of inventory at a warehouse or in other similar facility. The annual salary of this manager ranges from $48,417 to $63,072. They manage a team that examines numerous suppliers, logs daily deliveries, and reviews new shipments to receive and record new items as they are delivered or shipped out.
2. Dairy Department Manager
The dairy department manager at a grocery store is in charge of managing the dairy and frozen foods departments. This manager performs this role by monitoring shelf inventory, restocking when necessary and making sure foods don’t go bad. The annual salary of this retail manager ranges from $23,770 to $64,640.
3. Retail Sales Lead
A sales lead is a retail salesperson who is in charge of managing the sales department, assisting management, and making sure that sales quotas are met. This salesperson is also in charge of hiring and training new additions to the sales team, aiding management with product sales, and preparing sales reports. A retail sales lead makes from $25,000 to $45,000 a year.
4. Assistant Store Manager
An assistant store manager aids the store manager with the day-to-day operations of a physical retail store. Assistant Store Manager also provide assistance to customers by providing information, answering questions, obtaining merchandise requested, completing payment transactions and more. An assistant store manager earns between $31,000 and $51,000 yearly.
5. Electronics Department Manager
Electronics department managers are in charge of overseeing the day-to-day operations of an electronics department. These managers perform several responsibilities. An electronics department manager tracks and maximises revenue and salary by identifying sales opportunities and reducing controllable expenditures. These managers make from $20,000 to $176,000 yearly.
6. Retail Pharmacist
Retail pharmacists work in a store rather than a hospital or GP surgery. A retail pharmacist works at a pharmacy, which might be a small, independent drugstore, a pharmacy chain, or a pharmacy within a larger shop. The salary of this pharmacist falls between $86,059 and $154,040.
7. Customer Service Supervisor
A customer service supervisor is exactly what it sounds like. This individual is responsible for overseeing and assisting customer service employees in the performance of their job duties which include responding to customer inquiries and resolving any issues or complaints. It has an Average Annual Salary of $37,000.
8. Pharmacist Manager
A pharmacy manager is a pharmacist who also manages the daily operations of a pharmacy. A pharmacist manager oversees the daily operations of a pharmacy; as well as ensuring that all pharmacy workers administer the correct medication to consumers depending on their prescription. Pharmacist managers make an average salary of $161,2712 yearly.
9. Regional Manager
For larger other specialty stores, the company will often hire a regional retail manager. This individual is responsible for managing multiple district managers within a geographic region. This means they may need to travel quite a bit for this position to maintain oversight on each of their locations. Average Annual Salary is $97,000 yearly.
10. Retail Franchise Owner
A retail franchise owner or franchisee is an independent business owner who operates a third-party retail outlet called a franchise. This means this individual has the right to use an existing business’s trademark, associate brands, and other proprietary knowledge to market and sell the same brand while upholding its standards.
11. Loss Prevention Manager
A loss prevention manager has arguably the most important job in the store. Their responsibilities include overseeing loss prevention staff while supporting the company loss prevention procedures to safeguard company assets, prevent or minimize theft, and reduce shortages and any fraud. Average Annual Salary is $63,000 per year.
12. Buyer
A buyer in specialty stores is responsible for identifying customer preferences and forecasting consumer trends. They must then evaluate supplier options while being mindful of pricing and quality if the store stocks a certain type of product. Average Annual Salary is $54,000 per year.
13. Supply Chain and Logistics Analyst
A supply chain analyst is responsible for improving the efficiency of supply chain operations as it pertains to retail locations. They are responsible for overseeing the entire supply chain, ensuring timely delivery of products, and keeping the specialty store within its approved budget. Average Annual Salary is $60,000 yearly.
14. Purchasing Agent
Purchasing agents typically report up to purchasing managers mentioned in the above list. These individuals are responsible for finding and purchasing products for a company to use or resell. This means they must locate suppliers, research goods, services, and materials, as well as process any purchase orders. Average Annual Salary is $52,000 yearly.
15. Social Media Specialist
Specialty stores must market themselves like any other store, which means they may require a presence on social media. Although this seems like a simple job, social media specialists are far more than individuals who post online. These individuals must plan, implement and monitor a social media strategy for the store’s brand. Average Annual Salary is $49,000 yearly.
16. Assets Protection Specialist
An asset protection specialist works in a store environment to deter loss. They may be expected to devise and implement improvements across the store to enhance security and deter loss. They may also be required to keep up with the latest trends in security and theft-prevention methods. Average Annual Salary is $42,000 yearly.
17. General Employee
The most common entry-level position in other specialty stores is working as a general employee. This may sound bland, but given the number of stores you have to choose from, it can cater directly to your needs, experience, and skills. If you’re interested in a certain brand or product, consider applying to those stores first.
Required Skills for a Career inDepartment/Specialty Retail Stores
Every field of endeavor requires certain skills. These skills will undoubtedly usher you into the industry; as well as aid you in recording career growth. It is no different from department/specialty retail stores. In order to succeed in your career, you need to acquire the needed skills.
Skills necessary for a career in department/specialty retail stores are:
- Empathy
- Patience.
- Interpersonal skills.
- Time management.
- Collaboration.
- Excellent communicatioon.
- Customer service
- Product knowledge.
- Industry knowledge.
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