Spencer's Retail Store Manager Salaries by 90+ Employees (Updated 2025)

8 - 17 years exp.

₹2.2 Lakhs - ₹10.5 Lakhs

Salary of majority employees

Fixed (91%)

₹6.1 Lakhs

Variable (9%)

₹0.6 Lakh

19% more than the average Store Manager Salary in Retail Companies for 8 - 17 years of experience

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Salaries in different departments

Merchandising, Retail & eCommerce Store Manager Salary 8 - 16 years exp. (42 salaries)	₹3.6 L/yr - ₹12.6 L/yr
Sales & Business Development Store Manager Salary 8 - 17 years exp. (19 salaries)	₹2.4 L/yr - ₹9.3 L/yr
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Customer Success, Service & Operations Store Manager Salary 10 - 17 years exp. (11 salaries)	₹3.5 L/yr - ₹9.4 L/yr
Food, Beverage & Hospitality Store Manager Salary 9 - 13 years exp. (4 salaries)	₹2.2 L/yr - ₹10 L/yr
UX, Design & Architecture Store Manager Salary 10 - 16 years exp. (3 salaries)	₹3.9 L/yr - ₹7.7 L/yr

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Last Updated: 16 Mar 2025

Companies similar to Spencer's Retail for Store Manager

Company name	Avg Annual Salary	Open Jobs
Reliance Retail Store Manager Salary 0 - 20 years exp. (4.1k salaries)	₹2 L/yr - ₹9.8 L/yr 10% less	12 job openings
Future Retail Store Manager Salary 6 - 15 years exp. (173 salaries)	₹2 L/yr - ₹9.3 L/yr 25% less
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Lifestyle Store Manager Salary 7 - 17 years exp. (154 salaries)	₹3.4 L/yr - ₹12.5 L/yr 14% more
Shoppers Stop Store Manager Salary 5 - 17 years exp. (38 salaries)	₹5.5 L/yr - ₹13 L/yr 25% more
Big Bazaar Store Manager Salary 8 - 19 years exp. (65 salaries)	₹5.5 L/yr - ₹16.5 L/yr 65% more
Pantaloons Store Manager Salary 7 - 17 years exp. (189 salaries)	₹5.1 L/yr - ₹15.5 L/yr 43% more
Westside Store Manager Salary 2 - 16 years exp. (33 salaries)	₹4.2 L/yr - ₹13 L/yr 24% more
Fabindia Store Manager Salary 5 - 17 years exp. (233 salaries)	₹2.4 L/yr - ₹10.5 L/yr 16% less	1 job opening
Raymond Lifestyle Limited Store Manager Salary 5 - 17 years exp. (198 salaries)	₹2.1 L/yr - ₹9 L/yr 24% less
Levi Strauss & Co. Store Manager Salary 3 - 14 years exp. (227 salaries)	₹2.5 L/yr - ₹6.3 L/yr 38% less
Aditya Birla Fashion and Retail Store Manager Salary 1 - 16 years exp. (908 salaries)	₹2.4 L/yr - ₹10 L/yr 11% less
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Vishal Mega Mart Store Manager Salary 8 - 19 years exp. (531 salaries)	₹4.3 L/yr - ₹12 L/yr 23% more
V-Mart Store Manager Salary 6 - 16 years exp. (395 salaries)	₹3.2 L/yr - ₹8.5 L/yr 13% less
DMart Store Manager Salary 10 - 19 years exp. (304 salaries)	₹6 L/yr - ₹18.5 L/yr 84% more	11 job openings
Landmark Group Store Manager Salary 5 - 14 years exp. (268 salaries)	₹4.8 L/yr - ₹13.3 L/yr 22% more
CANTABIL RETAIL INDIA Store Manager Salary 3 - 14 years exp. (216 salaries)	₹2.5 L/yr - ₹5.5 L/yr 41% less
Titan Company Store Manager Salary 2 - 13 years exp. (191 salaries)	₹1.2 L/yr - ₹8.4 L/yr 40% less	6 job openings
Trent Store Manager Salary 4 - 16 years exp. (204 salaries)	₹4.3 L/yr - ₹9.1 L/yr At par	2 job openings
V2 Retail Store Manager Salary 6 - 14 years exp. (168 salaries)	₹2.9 L/yr - ₹7 L/yr 26% less
Reliance Smart Store Manager Salary 2 - 14 years exp. (148 salaries)	₹2.8 L/yr - ₹9.1 L/yr 21% less

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Store Manager salary at Spencer's Retail ranges between ₹2.2 Lakhs to ₹10.5 Lakhs per year for employees with experience between 8 years to 17 years. Salary estimates are based on 93 latest salaries received from various employees of Spencer's Retail.

Experience wise Spencer's Retail Store Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
8 years (8 salaries)	₹2.5 L/yr - ₹8.5 L/yr
9 years (13 salaries)	₹2.4 L/yr - ₹9 L/yr
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10 years (9 salaries)	₹3.2 L/yr - ₹8.2 L/yr
11 years (10 salaries)	₹3.7 L/yr - ₹8.5 L/yr
12 years (9 salaries)	₹2.2 L/yr - ₹8 L/yr
13 years (8 salaries)	₹3.6 L/yr - ₹10 L/yr
14 years (10 salaries)	₹3.6 L/yr - ₹12.6 L/yr
15+ years (26 salaries)	₹4.1 L/yr - ₹12.6 L/yr

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Similar Designation salaries in Spencer's Retail

Area Manager Salary

(6 salaries)

₹8.04 L/yr - ₹19.83 L/yr

Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹7.29 L/yr

Floor Manager Salary

(4 salaries)

₹1.8 L/yr - ₹4.25 L/yr

Retail Manager Salary

(4 salaries)

₹3 L/yr - ₹3.9 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Store Incharge Salary

(3 salaries)

₹1.8 L/yr - ₹2.7 L/yr

Cluster Manager Salary

(5 salaries)

₹16 L/yr - ₹33 L/yr

Deputy Manager Salary

(3 salaries)

₹2.1 L/yr - ₹5.1 L/yr

Senior Store Manager Salary

(7 salaries)

₹12.58 L/yr - ₹16.05 L/yr

Business Manager Salary

(4 salaries)

₹10 L/yr - ₹16 L/yr

Top skills at Spencer's Retail for Store Manager

Store Operations Store Management Retail Management Inventory Management Customer Handling Shrinkage Control Retail Operations Customer Interaction Communication Skills Operations Sales PNL Profit Growth Store Merchandising Store Presentation

Salary related reviews for Spencer's Retail

3.9

Rated by 33 employees for salary & benefits

Department Manager in Kolkata

Merchandising, Retail & eCommerce Department

5.0

• posted on 19 Apr 2018

5.0

for Salary and Benefits

Likes

...learn lots of things from this company and hence I am working here last 11years. There is no delay in salary every time got on time. Actually I love to work at Spencer's, hence I am working since 11yrs

Salary - Excellent

+6 more

Dislikes

Overall ok

Senior Executive in Varanasi

Full Time

Research & Development Department

5.0

• posted on 29 Sep 2024

5.0

for Salary and Benefits

Likes

...people are keeping their relatives by doing politics and firing their employees. The company needs to pay attention to this.

Salary - Excellent

+5 more

Dislikes

There is politics going on at Spencer right now that is detrimental to the company.

Chief Administration Manager in Kolkata

Full Time

Administration & Facilities Department

2.0

• posted on 21 Jan 2024

4.0

for Salary and Benefits

Likes

...company. It was a much better organisation but destroyed by son of the promoter. You get your salary on time and in case you are joining new they will offer above the market price as no one wants to continue after 3 months of joining.

Salary - Good

Dislikes

It is a classic case of over zealous promoters destroying a business. Non competent son of the promoter thinks himself as God and all employees as piece of furniture. Management changes after every 3 years. Some CXOs leaves even before that. Every year people gets fired as cost cutting is the only tool for sustainability, as per the promoter. Do not join even if they offer a higher than market price also.

Skill development - Bad

+4 more

Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 05 Aug 2024

2.0

for Salary and Benefits

Likes

Good work life balance. On time salary.

Company culture - Good

+1 more

Dislikes

Inter Department politics. VP - BD thinks he is the owner of the company. Puts undue pressure on other departments to cover own department’s incompetence. Unethical approach towards work resulting in haphazard and rushed decisions. To quote Neerav Sejpal, “let’s get things done, if any thing crops up, let the company face after 10 years, we won’t be there then.”

Salary - Poor

+1 more

Commercial Executive And Sales Coordinator in Kolkata

Full Time

Finance & Accounting Department

2.0

• posted on 24 Jun 2022

2.0

for Salary and Benefits

Likes

Spencers do not fired any employee during lockdown and it credited salary within specific time,

Job security - Good

Dislikes

There is no motivational work and also here is no career growth untill you do butter oiling. Here is no increment even you do hard work. If you work hardly, but you can't do butter oiling, then you are not able to attract your senior, only the person who do the butter oiling properly, then he/she attract by seniors. Most of the employee give resign for this *NEPOTISM*

Salary - Poor

+2 more

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Spencer's Retail Store Manager Salary FAQs

What is the salary of Store Manager at Spencer's Retail ?

The average salary of a Store Manager at Spencer's Retail in India typically ranges from ₹2.2 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 8 years to 17 years).

The top 10% of Store Manager at Spencer's Retail earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹12.6 Lakhs per year. Store Manager Salaries at Spencer's Retail can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 90+ Spencer's Retail employees in India.

What is the estimated take home salary of a Store Manager at Spencer's Retail in India?

The estimated take-home salary of a Store Manager at Spencer's Retail in India typically ranges from ₹50,976 to ₹52,179 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 8 years to 17 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 90+ salaries received from various employees of Spencer's Retail. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Store Manager at Spencer's Retail ?

To be a Store Manager at Spencer's Retail in india, the key skills required include:

- Store Operations
- Store Management
- Retail Management
- Inventory Management
- Customer Handling

These skills are highly valued at Spencer's Retail and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Spencer's Retail for Store Manager in India?

SPAR Hypermarkets	₹6.5 Lakhs to ₹19.6 Lakhs per year
DMart	₹6.0 Lakhs to ₹18.5 Lakhs per year
Marks & Spencer	₹6.5 Lakhs to ₹16.0 Lakhs per year
Big Bazaar	₹5.5 Lakhs to ₹16.5 Lakhs per year
Pantaloons	₹5.1 Lakhs to ₹15.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Spencer's Retail, depending on the role and experience level.

What is the salary of a Store Manager in companies similar to Spencer's Retail in India?

The salary of a Store Manager at companies similar to Spencer's Retail in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Praxis home Retail	₹4.8 Lakhs to ₹14.0 Lakhs per year
Shoppers Stop	₹5.5 Lakhs to ₹13.0 Lakhs per year
Westside	₹4.2 Lakhs to ₹13.0 Lakhs per year
Vishal Mega Mart	₹4.3 Lakhs to ₹12.0 Lakhs per year
Landmark Group	₹4.8 Lakhs to ₹13.3 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Store Manager at Spencer's Retail in India?

The salary growth for a Store Manager at Spencer's Retail depends on factors such as experience, performance, and promotions. On average, a Store Manager can expect the following growth trajectory at Spencer's Retail:

Experience	Average Salary Range
8 years	₹2.5 Lakhs to ₹8.5 Lakhs per year
9 years	₹2.4 Lakhs to ₹9.0 Lakhs per year
10 years	₹3.2 Lakhs to ₹8.2 Lakhs per year
11 years	₹3.7 Lakhs to ₹8.5 Lakhs per year

and so on.

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Spencer's Retail Store Manager Salaries

Spencer's Retail Store Manager salary in India ranges between ₹2.2 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 93 Spencer's Retail latest salaries received from various employees of Spencer's Retail.