Additional Information
Warren L. Flanigan has worked in various retail management positions for
many years. He says on-the-job training is important. "Many companies provide
some form of job-specific training," he says.
"An ambitious individual can further their training by seeking help from
more accomplished professionals, attending job-specific seminars, taking formal
job-specific classes at universities, reading industry-related periodicals
as well as a wealth of self-help type books."
"A finance or accounting degree would come in very handy. Computer skills
are a must, especially in Excel and Access," adds Rozel Gonzales. She is a
merchandise planner.
You might be able to get by with a high school diploma if you supplement
it with some business courses and on-the-job training. But it's best to get
at least an associate's degree, preferably a bachelor's or even a master's.
Garold Hart worked his way up through the ranks over 30 years. He says
it is more difficult to start that way today. "My advice would be to get a
college degree in business, marketing or merchandising with an emphasis on
the retail industry. Consider working in retail while in school to get a taste
of the business, because it isn't for everyone."
Hart says that even though there are fewer retailers in the industry due
to consolidation, he feels there is a shortage of management candidates. He
sees a "huge opportunity with companies involved with e-commerce retailing."
But watch out: in the near future, he predicts consolidation there as well.
"Continue with your formal education, making sure you acquire knowledge
in the business and marketing areas. Don't be afraid to start at the bottom.
The quality people will rise to the top quickly," advises Flanigan.