Spencer's Retail Visakhapatnam Store Manager Salaries by 10 Employees (Updated 2025)

8 - 16 years exp.

₹2.5 Lakhs - ₹10.4 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

At par with the average Store Manager Salary in Retail Companies for 8 - 16 years of experience

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Salaries in different departments

Sales & Business Development Store Manager Salary 9 - 16 years exp. (3 salaries)	₹4.5 L/yr - ₹5.9 L/yr
Marketing & Communication Store Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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Merchandising, Retail & eCommerce Store Manager Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹10.4 L/yr
Customer Success, Service & Operations Store Manager Salary 12 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹6.8 L/yr
Food, Beverage & Hospitality Store Manager Salary 11 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr

Last Updated: 1 Mar 2025

Companies similar to Spencer's Retail for Store Manager in Visakhapatnam

Spencer's Retail Store Manager Salary

8 - 16 years exp. (10 salaries)

₹2.5 L/yr - ₹10.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Electronics Store Manager Salary 10 - 14 years exp. (3 salaries)	₹3.4 L/yr - ₹4.2 L/yr 30% less
Trent Store Manager Salary 9 - 10 years exp. (3 salaries)	₹6.5 L/yr - ₹8 L/yr 27% more
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Bata Store Manager Salary 3 - 13 years exp. (7 salaries)	₹3 L/yr - ₹5 L/yr 17% less
More Supermarket Store Manager Salary 3 - 15 years exp. (7 salaries)	₹3.1 L/yr - ₹5 L/yr 22% less
Cmr Textiles & Jewellers Store Manager Salary 13 - 21 years exp. (5 salaries)	₹6 L/yr - ₹12 L/yr 44% more

Store Manager salary at Spencer's Retail ranges between ₹2.5 Lakhs to ₹10.4 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 10 latest salaries received from various employees of Spencer's Retail.

Experience wise Spencer's Retail Store Manager salaries in Visakhapatnam

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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10 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
11 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
12 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
13 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
14 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.8 L/yr
15+ years (3 salaries)	₹5.9 L/yr - ₹10.4 L/yr

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Similar Designation salaries in Spencer's Retail

Team Lead Salary

(5 salaries)

₹2.5 L/yr - ₹3.25 L/yr

Sales Executive Salary

(4 salaries)

₹1.32 L/yr - ₹2.58 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

5.0

Rated by 1 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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Spencer's Retail Store Manager Salary FAQs

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

The average salary of a Store Manager at Spencer's Retail in Visakhapatnam typically ranges from ₹2.5 Lakhs to ₹10.4 Lakhs per year, depending on experience (from 8 years to 16 years).

The top 10% of Store Manager in Visakhapatnam at Spencer's Retail earn more than ₹10.2 Lakhs per year, and the top 1% earn over ₹10.4 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 10 Spencer's Retail employees in India.

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

The estimated take-home salary of a Store Manager at Spencer's Retail in Visakhapatnam typically ranges from ₹42,132 to ₹43,266 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹10.4 Lakhs per year for employees with experience ranging from 8 years to 16 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 10 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 in Visakhapatnam?

To be a Store Manager at Spencer's Retail in Visakhapatnam, 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?

Cmr Textiles & Jewellers	₹6.0 Lakhs to ₹12.0 Lakhs per year
Trent	₹6.5 Lakhs to ₹8.0 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 Visakhapatnam?

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

Bata	₹3.0 Lakhs to ₹5.0 Lakhs per year
More Supermarket	₹3.1 Lakhs to ₹5.0 Lakhs per year
Bajaj Electronics	₹3.4 Lakhs to ₹4.2 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 Visakhapatnam?

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

Experience	Average Salary Range
8 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
9 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
10 years	₹4.4 Lakhs to ₹5.7 Lakhs per year
11 years	₹4.7 Lakhs to ₹6.0 Lakhs per year

and so on.

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Spencer's Retail Store Manager Salaries in Visakhapatnam

Spencer's Retail Store Manager salary in Visakhapatnam ranges between ₹2.5 Lakhs to ₹10.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Spencer's Retail latest salaries received from various employees of Spencer's Retail.