What is retail management?

Retail management is the act of overseeing the daily operations of a retail store. This includes buying merchandise, reviewing sales, ensuring that a store’s inventory remains stocked, buying merchandise from wholesalers, and building a retail and sales team. In some locations, retail management may be performed by the owner of the store, while for larger companies, such as those with a significant regional or national footprint, retail management is typically overseen by specialized retail management professionals who assist store managers with instituting corporate mandates and policies.