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A retail buyer is the person responsible for buying merchandise for a retail store that will sale. This person is also referred to as a retail planner, allocator, or merchant. This job can be tricky because the retail buyer must be able to buy enough of each item of merchandise so that it will sell and not have to be marked down, but also have enough just in case sales sky rocket. The buyer must keep all this in mind while buying clothing on a budget given to them by the company.
What is exciting about these jobs is that buyers get to go to fashion shows, trunk shows, and wholesale boutiques, looking for the best merchandise to go into their stores. Sometimes that means traveling across the states. This is considered a high pressure job with each store depending on your decision, so it is a responsibility that should not be taken lightly.
Variations of the job
While there are not many variations of the actual retail buyer position, there is some variation in the places they work. Some of these places include:
•Department store
•Boutique
•Retail stores
•Grocery stores
•Technology stores
There is some variation in the level of the job as well. Assistant buyers are usually the entry level positions in which they assist the main buyer. Senior buyers are usually the buyers with the expertise in their fields and they of course are paid more for it.
Salary
The average salary for a retail buyer is $87,000. The entry level positions or assistant buyers usually start at about $30,000. Retail buyer can make up to $110,000 a year with experience and work for companies that sell technology.
Job requirements
A retail buyer is not an easy job and requires an assortment of skills in order to be good at it. A good retail buyer:
•Have some experience in retail or buying
•Great written and communication skills
•Merchandising skills
•Time management skills
•Great at analyzing future trends
•Work well with others
•Can work in a fast paced environment
•Excellent problem solving skills
Many places like to choose a buyer who has experience with this already or even a bachelor’s degree in merchandising, fashion, or marketing. This can be a great job for someone who likes to handle more than one task at a time.
What else can I help you with?
What are your future plan for fashion career?
Careers Following Fashion Design Career possibilities Fashion designer. Retail buyer. Retail manager. Retail merchandiser. Stylist. Textile designer. Visual merchandiser.
Where does a retail buyer work?
well most retail workers work in a department store.
What retail stores use buyer employment?
Large and small retail merchandisers utilize buyer employment. Macy's, Bloomingdales, Old Navy, Banana Republic, and Gap are some examples for retail stores that employ buyers.
Who is the craft product buyer for Michael's?
Michael's is a large craft retail store. The individual consumer is considered the craft product buyer for the company.
What are the different types of buyers and consumers?
A buyer is one who purchases goods, consumes goods, and sells goods. An example of a buyer would be a retail store. A consumer is one who buys goods for themselves. An example of a consumer is a customer of a retail store.
What skills do you need to be a buyer?
One can get a job as a buyer if he has the ability to recognise future trends and can work closely with retail merchandisers, visual merchandisers, designers, etc.
Who is the women's apparel buyer for Neiman Marcus?
Nearly all companies involved in fashion retail have a least one apparel buyer that works for them. However, this information is not usually public knowledge.
How much is 1962 Canadian is worth?
to the right buyer ur lookin between 4-8 dollars retail
What are some related careers next to designing clothes?
There's also a "Buyer"... or Purchasing Agent. You can look into Fashion Merchandising for courses related to this field.
How do you become a buyer for a retail store?
It helps to have BA in business or marketing or a fashion marketing and merchandising degree which takes 2-4 years to complete in college. However, the retail business is a highly competitive filed and it's often who you know, not what you know that will get you the job. Having a degree may get your foot in the door as an assistant buyer, but usually you would have to start at the bottom and work your way up. As a buyer you also need to have very strong math skills. G from Toronto
How do you find the value of an original prop from a Harry Potter movie?
Sell it. Such things have no value above retail, unless you give the buyer a reason to want it.
What careers are available at Canada Post?
Technician, which will be the technological part of Canada Post, retail, which is working the desk at one of the many Canada Post locations, letter carrier which will deliver postage to people nation wide (rural or suburban), volume counter, who gathers info about letter carrier routes, industrial engineering, a buyer, postal clerk, vehicle mechanic, and finally business marketing.
