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What does a Store Manager earn?
Store Managers typically earn around £35,300 a year in the UK. They are responsible for overseeing a team of staff and ensuring the smooth running of a store. Store Managers also manage stock levels and security, and maintain high customer service standards. As well, Store Managers must provide inspiring leadership and motivate their team to reach their goals.
How to earn more as a Store Manager
"If you're interested in becoming a store manager, you'll need a good grasp of customer service and business management. You could gain experience in retail, through apprenticeships or work-placements, or even get a degree in retail management. If you want to increase your earning potential, you could focus on a specialised area such as visual merchandising, or become a manager for a big-name brand. For those who are particularly ambitious, becoming self-employed or opening your own store is an option. Experienced store managers can earn up to £49,100 a year."
Min: £26,000.00 Max: £49,072.00
Average Store Manager Salary in UK : £35,278.37
Read about Store Manager salaries, related jobs and salary information across the UK
Store Manager Salary data from the ONS
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Recommended Store Manager Jobs in UK
Salary by Region
Compare Store Manager salaries across different regions
Region | Salary |
---|---|
Scotland | £34,419.14 |
Wales | £31,704.78 |
East Midlands | £27,759.67 |
Eastern | £38,647.56 |
London | £42,135.43 |
North East | £31,581.67 |
North West | £28,017.26 |
South East | £35,525.68 |
South West | £41,802.98 |
West Midlands | £27,397.09 |
Yorkshire and the Humber | £31,167.50 |
Annual Job Ads by Region
Understanding the Average Store Manager Salary in the UK
As a Store Manager in the UK, it's important to have a clear understanding of the average salary in the retail industry. According to average Retail salaries, the average salary for a Store Manager ranges from £26,000 to £49,100 per year. This figure can vary depending on factors such as location, company size, and level of experience.
Salary Expectations for Newly Qualified Store Manager
If you're a newly qualified Store Manager, it's essential to have realistic salary expectations. To get an idea of the current salary range, you can explore the latest job listings on job search websites. These platforms provide valuable insights into the salary offerings for entry-level positions in the retail industry.
Salaries for Experienced Store Manager
Experienced Store Managers in the UK can expect higher salaries compared to their newly qualified counterparts. With a proven track record of success and extensive knowledge of the industry, experienced Store Managers can command salaries at the higher end of the spectrum. It's important to stay updated with the latest industry trends and negotiate your salary based on your expertise and achievements.
Creating a Store Manager CV
When applying for a Store Manager position, having a well-crafted CV is crucial. To ensure your CV stands out from the competition, you can use a CV template specifically designed for Store Managers. This template will help you highlight your relevant skills, experience, and achievements in a professional and organized manner.
Career Development Opportunities for Store Manager
As a Store Manager, there are various career development opportunities available to help you progress in your profession. Whether it's attending training programs, pursuing additional certifications, or taking on higher-level managerial roles, investing in your career growth is essential. For valuable career advice and guidance, you can explore resources provided by industry experts on career advice websites.
Comprehensive Compensation for Store Manager
Being a Store Manager involves more than just a salary. Comprehensive compensation packages often include additional benefits such as bonuses, healthcare coverage, retirement plans, and employee discounts. It's important to consider these factors when evaluating the overall value of a job offer as a Store Manager.
Strategies for Increasing Your Salary as a Store Manager
If you're looking to increase your salary as a Store Manager, there are several strategies you can employ. These include consistently exceeding performance targets, taking on additional responsibilities, pursuing professional development opportunities, and demonstrating strong leadership skills. By showcasing your value to the company, you can negotiate for higher compensation.
Professional Development and Earnings
Continuing professional development is crucial for Store Managers who want to enhance their earnings potential. By staying updated with the latest industry trends, attending relevant workshops and conferences, and expanding your skill set, you can position yourself for higher-paying opportunities within the retail sector.
Capitalising on Extra Hours and Duties
As a Store Manager, you may have the opportunity to earn additional income by taking on extra hours or duties. This could include overseeing special projects, managing seasonal promotions, or participating in company-wide initiatives. By demonstrating your flexibility and willingness to go the extra mile, you can potentially increase your overall earnings as a Store Manager.