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Retail Buyers research, select, and buy merchandise and goods for retail companies. They are employed by large department stores or smaller specialty shops. The goods retail buyers purchase are resold to the public. They consider current inventory, sales trends, supply chain, and customer needs when making purchases. Also, they may supervise the receiving department of the company. Likewise, they maintain inventory, expenditure, and delivery. Retail buyers negotiate prices, obtain quotes, settle agreements and perform budget analyses.
Most employers seek applicants that have at least a bachelor's degree in business, economics, or a related field. Having relevant certifications is a plus. The key skills for this role include negotiation, analytical, attention to detail, interpersonal, and communication skills. You must have an understanding of the buying process, sales practices, and procurement function. You must also be proficient in Microsoft Office. Retail buyers earn about $60,499 annually. Their salary varies between $35,000 and $105,000.
Avg. Salary $52,720
Avg. Salary $59,228
American Indian and Alaska Native 0.33%
Asian 5.83%
Black or African American 8.13%
Hispanic or Latino 17.90%
Unknown 4.53%
White 63.27%
Genderfemale 68.51%
male 31.49%
Age - 43American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 43Stress level is high
7.1 - high
Complexity Level is challenging
7 - challenging
Work Life balance is poor
6.4 - fair
Skills | Percentages |
---|---|
Gross Margin | 7.98% |
Vendor Relations | 7.97% |
Customer Service | 7.39% |
Retail Management | 6.79% |
Retail Store | 6.47% |
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Now it's time to start searching for a retail buyer job. Consider the tips below for a successful job search:
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The average Retail Buyer salary in the United States is $52,720 per year or $25 per hour. Retail buyer salaries range between $38,000 and $72,000 per year.
What Am I Worth?
To be involved in negotiations
I like all in this job, because I have the choise to be in relation with a lot of persons and know what they are doing against purchasing also what the use to buy and under what coondition
In most cases I'm finding you need a college degree to do what I did without it. I know there is a company out there that would train me. I could be an asset if given a chance.