Is Department/Specialty Retail Stores a Good Career Path? We’ve also listed the most lucrative jobs in department/specialty retail stores you could apply for.
Retail has the most employed workers within the US. It’s the second biggest job-creation sector within the US. According to TextKernel estimates, there were 15.4 million retail employees in 2020. While many retail positions don’t require an undergraduate degree, certain jobs require an associate’s degree or a bachelor’s.
The retail stores are offered in both department and specialty types. This article will discuss the most lucrative jobs in department or specialty retail stores. Let’s first look at what a department or specialty retail store is.
The Concept of Department/Specialty Retail Stores
Specialty stores and departmental retail shops are a kind of store that sells items in categories that aren’t so broad or general as those offered to mass merchants. For instance, retailers selling clothing such as The Gap and Ann Taylor are considered department stores since they offer clothing for men, women and kids. In contrast the specialty retailers such as Apple only offer one kind of items (computers) or a specific type of product within the same segment (electronics).
Department stores usually have several locations, as well as an online store. They typically have merchandise with branded names with exclusive designs that ensure they aren’t available in other stores. Department stores can be classified into distinct categories based on the target market they cater to, for example stores for children’s clothing such as Children’s Place, women’s clothing stores such as Ann Taylor, and men’s clothing stores like Banana Republic.
Specialty retail stores are able to sell specific kinds of products exclusively or in limited quantities. Examples include antique and art galleries and clothing boutiques, bookstores and sporting goods stores, pet stores; toy stores and gift shops; candy shops, music stores and cigar shops and wine retailers; florists and kitchen appliance dealers (for instance refrigerators, ice makers) Hardware stores; small appliance dealerships (for instance microwaves) as well as Optometrists and shoe repair shops office.
Is Department/Specialty Retail Stores a Good Career Path?
Department stores and specialty retail stores are a great job opportunity within the US. Retail is among the biggest sectors of the US economy, with more than 15 million employees working in various positions according to TextKernel.
This is an excellent career choice as it will teach you to work with people and assist them locate the items they need at a retail store. Also, you’ll be taught about the different kinds of products and their applications to ensure that when someone walks to the store seeking something particular, you will be able to assist them in finding it quickly.
I’ve worked at an department store for a number of years, and I’m not planning to retire anytime in the near future. There are a few disadvantages to working in retail however it is constantly on your feet (unless the position is assistant managers) You have to manage customers who are rude or simply stupid often, and this can become stressful when there are several customers inside the retail store all at a time or if an employee isn’t performing their duties correctly. However, this can help you become an improved salesperson and customer service personnel.
Requirements For Department/Specialty Retail Stores Career Path and Jobs
While some retail positions are entry-level jobs that don’t require any formal education or prior knowledge, others require extensive education and training. Some of the essential requirements for employees working in department or specialty stores include excellent interpersonal and communications skills as well as cash handling and basic mathematical skills.
department stores can be a great way to begin to build your resume. Pay is generally good and you’ll have lots of opportunity to develop within the organization. This is the right way to go if looking for a path in your career that could be a path to the management position.
This is a lucrative job choice since it will show you how to interact with others and help them locate what they are looking for at a retail store. Additionally, you will be taught about the different kinds of merchandise and their applications to ensure that when someone walks to the store in search of something particular, you will be able to assist them in finding it quickly.
I’ve been working for a department store for number of years, and I’m not planning to quit anytime in the near future. There are a few disadvantages to working in retail however it is constantly on the move (unless the position is assistant managers) You have to manage customers who are rude or plain dumb often, and the experience can get stressful when there are a lot of customers simultaneously or if an employee isn’t performing their duties properly. However, this can help you become more effective as a salesperson or customer service personnel.
Highest / Best Paying Jobs in Department/Specialty Retail Stores
Below are a few of the most lucrative jobs in department or specialty retail stores you can begin with.
1. Sales Associates
Sales associates are among the highest-paying jobs in department stores and specialty retail stores since they’re the first touch with customers and aid them make the best purchases. Sales associates have a median annual income of $20,710 according to the Bureau of Labor Statistics (BLS).
However, the BLS anticipates that job growth of sales assistants to slow in 2020 due to the increase in automation and the use of digital methods for selling. Furthermore, many companies have implemented self-checkout lines in order to save money.
2. Front-end Cashiers
Cashiers at the front take care of receipts and payment in department stores or specialty retail stores. They have a median annual income of $20,390. It’s among the most lucrative jobs in department or specialty retail stores. You could apply for today.
This field of work in departmental and specialty retail stores demands basic skills in communication and cash handling skills, as well as basic math, and an excellent interpersonal communication skills because you’ll be in direct contact with the customers.
3. Stock workers
Stock workers as their name suggests are departmental speciality retail store workers who assist in managing, organizing and retrieve stock from warehouses and make sure that orders are delivered at the right time. They make a median annual salary of $19,900.
A typical store will have at least 5-20 employees who make sure the products are kept up to date for expiry dates, counterfeits as well as stock taking and other merchandising basics.
Based on the BLS The BLS reported that pharmacists earned an average annual salary of $124,840. Pharmacists manage the distribution of medication and also provide patients with advice on the use of their medications. They are an example of retail stores with specialization. They also offer advice to customers on their medical conditions and send them to other healthcare specialists if needed.
5. Computer Systems Analysts
Computer system analysts made an average annual salary of $93,730 by 2020 which makes them one of the most lucrative jobs available in department and specialty retail stores.
They are responsible for the use of technology to solve business issues and capturing information on systems that are in use so they can be improved or replaced with innovative ones. They are becoming increasingly essential in the retail sector.
6. Marketing Managers
Marketing managers are currently the highest-paying job available in departmental stores, as they are responsible for making sure that sales flow continuously into the business.
Marketing managers have earned an average annual wage of $113,247 in 2022. Their duties include preparing the marketing strategy of their business. They must have a degree like marketing, social science or public administration for the qualification.
Other abilities required include analytical thinking, marketing abilities as well as work experience and other requirements that are grounded.
7. Assistant Store Manager
The median salary for this position is $40,000 annually. Additionally the company provides an extensive benefits package including dental and medical coverage and paid time off and much more.
This position is among the highest-paying positions in department stores and requires strong leadership and managerial abilities to perform as you’ll work closely with the director or general manager in order to fulfill your duties.
8. Grocery Store Manager
The manager of the grocery store is in charge of organizing and overseeing every day activities at the store. They earn an annual median income of $81,200.
The manager of the grocery store is accompanied by others who work under him, so it is a demanding job. It is among the highest paying jobs in the field.
9. Retail Sales Managers
Sales managers in retail are highly sought-after in specialty retail stores and department stores. They are paid an average of $75,000, and are charged with overseeing a group of sales reps and providing top-quality customer service.
10. Specialty Store Managers
They make a median annual wage of $64,800. They also oversee a store or part of a store which focuses on a specific product line.
As a specialist store manager as a specialty store manager, you are responsible to supervise the overall operations for the business. The responsibilities of a store manager include managing the store, assisting new employees training at a location under your direction, and performing regular checks on the store to make sure that everything is up to par.
Frequently Asked Questions (FAQs)
How Long Does It Take To Become A Department/Specialty Retail Store Manager?
It is generally five years of experience in the same position prior to becoming a department store or specialty retail store manager. However, the exact timeframe varies according to company policy and the location.
However, the minimum amount of experience may start at two years and beyond or 2 years for new managers of specialty stores.
What Clothes Should You Wear To An Interview In A Department/Specialty Retail Store?
Dress professionally for any interview no matter if you’re at an upscale department store or no. If you are able, wear something that is similar to what you wear to work. If you’re attending an interview at an informal clothing shop Try to find a dress that matches the look of the shop without being too flashy or trendy.
What kinds of questions could be asked in an interview at the specialty retailer?
There are likely to be questions about your prior work experiences, the reasons you’d like to work at this particular company, and the way you’d handle specific situations in retail environments.
For instance, if a person is able to steal an item from your store and then returns later telling you that they did not pay for it, but have recently remembered to pay for it online while making another purchase, how should you do in such a scenario? You could be asked about your capabilities of customer service.
Expect to be asked questions about your relationships with colleagues and what you’d do in response to situations or conditions when they arise.
How do I apply for an employment in the retail sector?
The most effective way to secure work in retail is to apply directly to the company you would like to be employed by. If you don’t find any jobs on their website contact them via email and inquire whether they are hiring.
In the event that they’ve got an HR division, then send your resume to their HR department. If not, you can send it to the contact email of the establishment or restaurant you’re interested to work at.
What types of jobs are offered in the department store?
The majority of positions in department stores include sales associates, cashiers and stockers/returns specialists (who assist customers in returning damaged merchandise). However, managerial is also an option for those who wish to progress within the company and be store manager or district manager (who oversee several stores).
If you’re looking to join the department store industry, but you don’t want to be working for an individual. What you’re looking for should be opening an e-commerce store, or boutique for yourself. For instance enamel pins which are currently in high demand are an excellent option. Making the choice to customize them will be better, and could allow you to adjust your products in line with the current trends constantly to minimize the chance of stockpiling. You can make any element into pins, such as the most popular characters from sports, anime or other characters, which will result in a better selling.
In A Nutshell;
Retail stores are among the largest employers of workers within the United States. If you are looking to start your career at department stores look through the list of top-paying jobs in department stores and specialty retail stores that we have discussed in the previous paragraphs and select one that you like more. The work in department/specialty retail stores is an ideal option to begin your career, especially in the event that you plan to progress into salesperson, customer care or management.