1. What is the average salary of a Merchandising Director?
The average annual salary of Merchandising Director is $190,859.
In case you are finding an easy salary calculator,
the average hourly pay of Merchandising Director is $92;
the average weekly pay of Merchandising Director is $3,670;
the average monthly pay of Merchandising Director is $15,905.
2. Where can a Merchandising Director earn the most?
A Merchandising Director's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Merchandising Director earns the most in San Jose, CA, where the annual salary of a Merchandising Director is $240,730.
3. What is the highest pay for Merchandising Director?
The highest pay for Merchandising Director is $228,325.
4. What is the lowest pay for Merchandising Director?
The lowest pay for Merchandising Director is $147,039.
5. What are the responsibilities of Merchandising Director?
Directs and develops merchandising plans and operational systems to achieve financial objectives. Utilizes sales, research, and trend analytics to develop strategies for merchandise categories and optimize product assortments. Develops merchandise plans and pricing that support key strategic initiatives, launches, top sellers, seasonal campaigns, and trends. Partners across functions to manage vendor relationships, identify new vendors, and negotiate favorable contract terms. Requires a bachelor's degree in marketing, merchandising, business or other related field. Typically reports to top management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
6. What are the skills of Merchandising Director
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
2.)
Visual Merchandising: Visual merchandising is the practice in the retail industry of developing floor plans and three-dimensional displays in order to maximize sales. Both goods and services can be displayed to highlight their features and benefits. The purpose of such visual merchandising is to attract, engage, and motivate the customer towards making a purchase. Visual merchandising commonly occurs in retail spaces such as stores.
3.)
Professional Development: Professional development refers to continuing education and career training after a person has entered the workforce in order to help them develop new skills, stay up-to-date on current trends, and advance their career.