Retail Store Director salary in Iceland

Average Yearly Salary of Retail Store Director in Iceland is approximately 15,195,130 ISK (105,954 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Retail Store Director do?

A retail store director is responsible for overseeing the day-to-day operations of a retail establishment. They manage the store's staff, ensure customer satisfaction, and drive sales growth. The director sets sales targets, develops strategies to achieve them, and monitors performance against goals. They also handle inventory management, merchandising, and pricing strategies to optimize profitability. Additionally, they recruit, train, and evaluate employees, ensuring they provide excellent customer service and adhere to company policies. The director analyzes market trends, competition, and customer preferences to make informed business decisions. They collaborate with other departments, such as marketing and finance, to develop and execute promotional campaigns and manage budgets. A successful retail store director possesses strong leadership, communication, and problem-solving skills, and has a deep understanding of retail operations and market dynamics.

Skills: Retail management, Sales growth, Customer satisfaction, Inventory management, Leadership skills, Market analysis
Job industry: Retail

How much does Retail Store Director make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Retail Store Director a well paid job?

Yes, our data shows that Retail Store Director is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Retail Store Director?

High salary for Retail Store Director would be somewhere between 16,714,643 ISK and 22,032,939 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Retail Store Director in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 15,195,130 ISK
Estimated Monthly Salary: 1,266,261 ISK
Estimated Weekly Salary: 292,214 ISK per week
Estimated Hourly Salary: 7,305 ISK per hour
By working as Retail Store Director a person can save up to 6,101 USD per month or 73,208 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Retail Store Director

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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