FAQs
What is the main purpose of the Store Manager position?
The main purpose of the Store Manager position is to deliver revenues, provide best-in-class customer service, motivate the store sales team, and manage all store operations in accordance with company guidelines.
What are the key challenges faced in this role?
The key challenges include independent store sales and operations management, coordinating with the head office for stock and reports, driving walk-ins and conversion rates, achieving monthly targets, and managing cash and credit sales.
How are monthly sales targets determined and monitored?
Monthly sales targets are determined by day-wise target splits, allocation among sales staff, and daily monitoring of progress towards achieving the balance of the target plans while tracking retail KPIs.
What is required for store operations and adherence to SOP?
It is required to manage all aspects of store operations according to company guidelines and to score highly in retail audits and mystery shopping programs.
How is inventory management handled?
The Store Manager plays a key role in maintaining optimum stock levels, ensuring timely replenishment and reverse logistics to deliver fresh products to consumers at all times.
What are the responsibilities regarding cash management?
Responsibilities include ensuring daily cash deposits, reconciling collections, and preparing and sharing daily collection MIS and other reports as required.
What is expected for POS, CRM, and reporting?
It is expected to ensure 100% billing on POS, compliance with POS and CRM software, and prepare and share reports as per the frequency set by the company.
How are tailoring services managed?
Tailoring services are to be ensured as per SOP at all times while maintaining quality and adhering to timelines.
What is involved in product display and Visual Merchandising (VM)?
The Store Manager is responsible for ensuring that VM guidelines are followed daily and executing festive VM plans as per specific guidelines provided to the retail team.
What skills are important for a Store Manager in this role?
Important skills include sales and operations management, effective communication and coordination, strong analytical abilities for tracking KPIs, cash management, inventory control, and teamwork and leadership capabilities.