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The primary role of a vice president of merchandising is to promote the services and products of their company at events. He/She creates and leads merchandising, pricing, and promotional strategies to drive sales, increase revenue, and improve market share. This includes developing and implementing plans for the introduction and promotion of new products based on customer research. He/She analyzes market trends and evaluates the behavior of competitors to devise strategies to promote products. Also, he/she monitors and analyzes the performance of various channels to determine if there's a need for changes in strategy and identify opportunities.
Employers require a bachelor's degree in merchandising or a related field with at least ten years of relevant work experience. Problem-solving, organization, interpersonal, leadership, analytical, communication, management, and presentation skills are required for this role. Vice presidents, merchandising earn about $172,521 in a year, equivalent to $82.94 per hour. Their salary varies from $114,000 to $259,000.
Avg. Salary $194,178
Avg. Salary $59,228
Growth Rate 6%
Growth Rate 0.3%
American Indian and Alaska Native 0.47%
Asian 6.42%
Black or African American 6.24%
Hispanic or Latino 15.40%
Unknown 4.35%
White 67.12%
Genderfemale 35.04%
male 64.96%
Age - 44American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 44Stress level is very high
7.1 - high
Complexity Level is advanced
7 - challenging
Work Life balance is poor
6.4 - fair
Skills![]() ![]() | Percentages![]() ![]() |
---|---|
Apparel | 8.35% |
Sales Growth | 6.62% |
Gross Margin | 5.82% |
Product Development | 5.82% |
Direct Reports | 5.21% |
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The average Vice President, Merchandising salary in the United States is $194,178 per year or $93 per hour. Vice president, merchandising salaries range between $131,000 and $286,000 per year.
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