Retail Manager Page 2

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Finance
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 (KPI’s)
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.
Analyse sales figures, interpret trends and forecast future sales volumes in order to
maximise profits
Maximise retail turnover and profit working to grow the business in order to support
Turner Contemporary’s ongoing financial viability
Assist the Senior Management Team to identify potential income generation
opportunities from alternative commercial sources to ensure the organisation’s long-
term financial viability
Work with the Head of Development to ensure fundraising and 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
Product selection and development
 Ensure that the shop offers visitors a range of products at appropriate pricing levels and
meets the organisations income targets
 Managing the product mix to ensure an imaginative, innovative and exciting range of
products which reflect the Turner Contemporary brand, linked to the exhibition and
public programme, seasonality, audience type and Turner Contemporary specifically
Manage product selection and development in line with budgets
Identify new product opportunities working with artists and designers to develop a
retail offer which reflects Turner Contemporary’s brand
Work with the Programme Team to develop limited edition commissions and multiples
from exhibiting artists
NB this job description is provided to assist the post holder to know their principal
duties. It may be amended however from time to time in consultation with you, by or
on behalf of the Director of Turner Contemporary without change to the level of
responsibility appropriate to the grading of the post.
06/08/2013

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