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How much do supermarket managers earn? Salaries for Costco, Walmart...
Supermarket managers in the United States can earn a large sum per year. This is the average salary for department store managers.
In the competitive world of retail, supermarket managers are finding themselves in increasingly lucrative positions. Major retailers like Walmart and Costco are offering substantial salaries to attract and retain top talent in these crucial roles.
At the beginning of the year, Walmart introduced a 9% salary increase for store managers, resulting in an average salary of $128,000 per year by 2024. in addition to the possibility of earning bonuses to raise this figure to $400,000 dollars, becoming one of the retailers with the best salaries nationwide.
Qualifications for these positions typically include several years of experience overseeing teams and financial accountability. While some positions may require a bachelor’s degree, many retailers accept equivalent experience in lieu of formal education.
According to a report by the financial website GoBankingRates, Walmart is the supermarket that offers the best salary to store managers.
How much do managers in large stores and supermarkets earn?
These are the five stores and supermarkets that offer the highest salaries for employees who work as managers:
- The Home Depot: $164,000
- Lowe's: $151,000
- Walmart: $151,000
- Apple: $136,000
- Costco: $120,000
It is worth mentioning that these figures only include the average base salary, so bonuses and other additional payments can raise salaries considerably. Such is the case of Walmart, where a manager can maximize his salary up to $400,000 a year thanks to the bonuses offered by the company.