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Merchandise planner vs gold buyer

The differences between merchandise planners and gold buyers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a merchandise planner and a gold buyer. Additionally, a merchandise planner has an average salary of $69,460, which is higher than the $54,119 average annual salary of a gold buyer.

The top three skills for a merchandise planner include gross margin, strong analytical and math. The most important skills for a gold buyer are customer service, store locations, and store operations.

Merchandise planner vs gold buyer overview

Merchandise PlannerGold Buyer
Yearly salary$69,460$54,119
Hourly rate$33.39$26.02
Growth rate19%-
Number of jobs32,3018,845
Job satisfaction--
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 38%
Average age4444
Years of experience44

Merchandise planner vs gold buyer salary

Merchandise planners and gold buyers have different pay scales, as shown below.

Merchandise PlannerGold Buyer
Average salary$69,460$54,119
Salary rangeBetween $46,000 And $102,000Between $35,000 And $81,000
Highest paying CitySan Francisco, CA-
Highest paying stateCalifornia-
Best paying companyPandora-
Best paying industryRetail-

Differences between merchandise planner and gold buyer education

There are a few differences between a merchandise planner and a gold buyer in terms of educational background:

Merchandise PlannerGold Buyer
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 38%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Akron

Merchandise planner vs gold buyer demographics

Here are the differences between merchandise planners' and gold buyers' demographics:

Merchandise PlannerGold Buyer
Average age4444
Gender ratioMale, 37.1% Female, 62.9%Male, 37.3% Female, 62.7%
Race ratioBlack or African American, 8.6% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.1% White, 64.5% American Indian and Alaska Native, 0.3%Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 18.2% Asian, 5.7% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between merchandise planner and gold buyer duties and responsibilities

Merchandise planner example responsibilities.

  • Monitor and analyze planned assortments by door in order to achieve plan turn goals and ROI.
  • Manage purchase order logs to ensure plan receipts and IMU requirements are maintained in the department.
  • Complete training on the JDA planning and forecasting system to effectively manage the financial aspects of each department.
  • Implement and manage the E3 auto-replenishment system to optimize inventory levels of width-size shoes, core shoes and shoe accessories.
  • Manage product flow in apparel category; determining order quantities and generating purchase orders for new and replenishment orders.
  • Manage and maintain the OTB for specific departments by preparing forecasts, evaluating performance, and maximizing profitability while minimizing liabilities.
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Gold buyer example responsibilities.

  • Coordinate and provide direction to inventory teams by managing product placement, open-to-buy, and logistics.
  • List eBay items and ship as well as answering questions.
  • Work closely with the logistics department and internal warehouse to coordinate just in time deliveries and maintain daily inventory reconciliation.
  • Negotiate with jewelry vendors for product re-assortments to relive inventory and increase turn.
  • Manage business relationship with Japanese OEM of wide-format printer engines.

Merchandise planner vs gold buyer skills

Common merchandise planner skills
  • Gross Margin, 8%
  • Strong Analytical, 7%
  • Math, 7%
  • Historical Data, 7%
  • Open-To-Buy, 6%
  • Apparel, 6%
Common gold buyer skills
  • Customer Service, 80%
  • Store Locations, 8%
  • Store Operations, 7%
  • Word Processing Software, 5%

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