A senior merchandise manager is an individual who manages the purchasing and selling of products in a retail environment. These individuals supervise merchandising staff and in larger stores, oversee purchasing departments that work to procure retail products ranging from clothing to appliances, and manage purchasing budgets and inventory. These individuals also monitor product and fashion trends, work with various vendors and manufacturers, and handle promotional and marketing materials. Senior marketing managers also handle negotiations with suppliers and train staff in merchandising management.
Some retail employers may prefer candidates who have a bachelor's degree in business, marketing, or a related field; however, candidates with comparable skills and experience may be considered depending on the industry. These individuals should possess strong leadership, communication, negotiation, and organizational skills.
According to the US Bureau of Labor Statistics, senior merchandise managers can make up to $120,000 annually, and the job market is expected to increase 1% by 2024.