Merchandise managers are responsible for a store’s sales and orders, and may manage employees. A bachelor’s degree in business or a related field is usually required, along with people skills, knowledge of database programs, and the ability to work with product pricing.
A common finding in most retail stores, a merchandise manager is primarily responsible for a store’s sales and orders; he or she may also manage store employees. Those who become a merchandise manager typically have a bachelor’s degree in business or a related field. Also, a person who wants to work as a merchandise manager must have people skills related to organization and leadership. He or she must know how to use database programs, word processing and product ordering – or the ability to learn them. The merchandise manager must also be able to work with product pricing to ensure that the business makes sales without losing profit.
When someone applies to become a merchandise manager, one of the main requirements is a bachelor’s degree. The most common is a business degree, but marketing and economics degrees can also work. Some companies are not so demanding and accept candidates with a degree in any field, as long as it is a bachelor’s degree. Other companies will hire applicants without a degree as long as they have managerial or managerial experience. More commonly though, a degree will be required.
People skills are required for anyone wanting to become a merchandise manager, the two most common being organization and leadership. Organization is necessary because the manager needs to ensure that all products are ordered on time and that the store is making sales. The merchandise manager must also be organized so that he can coordinate with nearby stores in the same chain so that all stores meet their sales targets. The merchandise manager will be working with the employees, so the candidate must also have leadership skills.
The technical skills required to become a merchandise manager are limited. Generally, the applicant only needs to have knowledge of word processing and database programs and should be able to learn new programs quickly. It is recommended that the candidate knows how to work in a product ordering program, but this is usually taught on the job.
One of the most important duties of a merchandise manager is working with product prices to ensure the store is profitable. The manager must know the price offered by the competition, so he can set prices at a similar level. At the same time, the merchandise manager must sense when a price is too low; otherwise, the store could lose large amounts of money.
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