Retail Manager at Viabonam

At Viabonam, we help our clients simplify, re-energize, and grow their businesses in Nigeria. Expanding the geographic footprints of our client’s business into Nigeria will always pose a risky and expensive proposition – the risks have not gone away, they’ve just shifted. That’s where we come in… We provide tailor-made solutions that drive businesses to success including everything required for a ‘genuine presence’ in Nigeria from company formation, tax-efficient corporate structuring, and full local business support from our offices in Nigeria.

We are recruiting to fill the position below:

Job Title: Retail Manager

Location: Victoria Island, Lagos
Employment Type: Full-time

Responsibilities

• Create a unique retail experience in line with thebrand
• Manage the shop to ensure a creative and inspiring layout, lighting, and stock display
• Set annual trading budgets and targets
• Full responsibility for managing the retail trading budget and profit and loss account, monitoring performance against agreed key performance indicators (KPIs)
• Develop and maintain suitable measures and systems for controlling stock control, to ensure sufficient levels of stock at minimum stock holding and to keep write-off stock to a minimum
• Analyze sales figures, interpret trends and forecast future sales volumes to maximize profit
• Maximize retail turnover and profit working to grow the business
• Partner with the senior management team to identify potential income generation opportunities from alternative commercial sources to ensure the organization’s long-term financial viability
• Work with the head of business development to ensure that business development activities are complementary and all potential income generation activities are exploited
• Ensure effective systems for cash handling and retail banking are in place, reviewing and updating business processes as necessary
• Ensure that the shop offers visitors a range of products at appropriate pricing levels and meets the organization's income targets
• Work with the sales team to develop limited edition commissions and multiples from exhibiting artists
• Ensure compliance with all policies and procedures through retail management and staff meetings, store walk-throughs and audits, etc.
• Continually evaluate and react to performance issues and actively recruit retail candidates
• Collaborate with the sales manager to set daily, weekly, and monthly sales targets for all retail staff and contribute significantly to meeting the targets
• Analyze sales figures and forecast future sales volumes to maximize profits
• Provide support to the fashion buyer, the home/furniture buyer, the general manager as well as the CEO in identifying brands to be featured in the store portfolio
• Monitor low-performing brands and suggest methods to drive quick, sustained and effective turnaround in performance
• Organize all store operations and allocate responsibilities to personnel
• Supervise and guide staff towards maximum performance

Qualifications and Experience

• BSc. / HND in Marketing, Business Administration, or a related field
• Experience in luxury industry
• Minimum of 5 years’ experience as a Retail Manager
• Professional certification will be an advantage.

Application Closing Date
30th September, 2024.