Retail Buyer

Salary Range for Retail Buyer in Retail Trade

The salary range for a Retail Buyer in the Retail Trade industry typically varies between $40,000 and $80,000 per year, depending on factors such as experience, location, and the size of the company.

Sample Job Description for Retail Buyer in Retail Trade Industry

Job Description:

As A Retail Buyer, Your Primary Objective Is To Select And Purchase Merchandise For Resale Within The Company. You Will Be Responsible For Analyzing Market Trends, Forecasting Demand, Negotiating With Suppliers, And Ensuring That The Right Products Are Available To Meet Customer Demands. Your Role Will Involve Collaborating With Various Departments Like Sales, Marketing, And Inventory Management To Ensure A Profitable Assortment Of Products Is Available.

Job Requirements:

1. Bachelor'S Degree In Business, Retail Management, Or A Related Field. 2. Proven Experience As A Retail Buyer Or In A Similar Purchasing Role. 3. Excellent Analytical And Negotiation Skills. 4. In-Depth Knowledge Of Market Trends, Consumer Behavior, And Competitor Analysis. 5. Strong Communication And Interpersonal Skills. 6. Proficiency In Inventory Management Software And Ms Office. 7. Ability To Work In A Fast-Paced, Deadline-Driven Environment. 8. Attention To Detail And Strong Organizational Skills. 9. Ability To Travel For Trade Shows, Supplier Visits, And Market Research. 10. Knowledge Of Ethical Sourcing And Sustainability Practices In Retail.

Job Responsibilities:

1. Research Market Trends, Consumer Preferences, And Competitor Activities To Identify Potential Product Opportunities. 2. Develop And Maintain Strong Relationships With Suppliers And Negotiate Favorable Terms And Pricing. 3. Analyze Sales Data And Inventory Levels To Make Informed Buying Decisions. 4. Collaborate With Sales And Marketing Teams To Develop Product Strategies And Promotions. 5. Monitor Product Performance, Sales Trends, And Customer Feedback To Adjust Assortments As Needed. 6. Forecast Demand And Manage Inventory Levels To Optimize Sales And Minimize Stockouts. 7. Conduct Regular Store Visits And Communicate With Store Managers To Gather Insights And Feedback. 8. Stay Updated With Industry News, Emerging Trends, And New Product Launches. 9. Ensure Compliance With Legal And Ethical Standards In Procurement And Sourcing. 10. Continuously Evaluate Supplier Performance And Identify Opportunities For Improvement.

Top 10 Employers for Retail Buyer in Retail Trade:

1. Walmart - HQ Location: Bentonville, Arkansas, United States - Website: www.walmart.com 2. Amazon - HQ Location: Seattle, Washington, United States - Website: www.amazon.com 3. Target - HQ Location: Minneapolis, Minnesota, United States - Website: www.target.com 4. Macy's - HQ Location: Cincinnati, Ohio, United States - Website: www.macys.com 5. Alibaba Group - HQ Location: Hangzhou, Zhejiang, China - Website: www.alibabagroup.com 6. Tesco - HQ Location: Welwyn Garden City, Hertfordshire, United Kingdom - Website: www.tesco.com 7. Carrefour - HQ Location: Paris, France - Website: www.carrefour.com 8. Best Buy - HQ Location: Richfield, Minnesota, United States - Website: www.bestbuy.com 9. Costco Wholesale - HQ Location: Issaquah, Washington, United States - Website: www.costco.com 10. Kroger - HQ Location: Cincinnati, Ohio, United States - Website: www.kroger.com

Career Path for Retail Buyer in Retail Trade:

1. Retail Associate/Sales Associate - 1-2 years 2. Assistant Retail Buyer - 2-4 years 3. Retail Buyer - 4-6 years 4. Senior Retail Buyer - 6-8 years 5. Retail Buying Manager/Buying Director - 8+ years Recommended number of years in each position may vary based on individual performance, qualifications, and company requirements.

Top 5 Countries by Retail Buyer in Retail Trade:

1. United States 2. United Kingdom 3. China 4. Germany 5. France

Top 5 Countries with Established Retail Trade:

1. United States 2. China 3. Japan 4. Germany 5. United Kingdom