Introduction to the Career
Retail buyers are professionals who are responsible for selecting and purchasing product lines to be sold in various retail environments. They analyze market trends, customer demand, and sales data to determine what products to buy and how much to spend.
Career Values, Traits, and Skills
To excel as a retail buyer, individuals should possess strong analytical and mathematical skills, as well as excellent communication, negotiation, and interpersonal skills. They must be able to work well under pressure and maintain strong attention to detail to achieve and surpass sales targets. Additionally, they should have a love for fashion, trends, and design, and stay up-to-date with current industry developments.
Career Path
To become a retail buyer, individuals generally need a bachelor’s degree in a field such as Business, Fashion Design, or Marketing. Entry-level positions in retail, such as a sales associate or merchandise assistant, are typical starting points, which pave the way for more advanced roles such as an Assistant Buyer, Category Manager, and Senior Buyer.
Salary Range
A retail buyer’s salary range varies depending on location, seniority, and company. In the United States, the starting salary for an entry-level retail buyer is around $45,000, while experienced senior buyers can earn upwards of $100,000 per annum.
Tips for Success
To excel as a retail buyer, individuals should continuously build their knowledge of industry trends and develop strong relationships with suppliers and manufacturers. They should also possess a willingness to take risks and make decisions that align with the company’s bigger picture, maximize profits, and stay ahead of competitors.
References
- The Balance Careers. Retail Buyer Job Description: Salary, Skills, & More. Retrieved from https://www.thebalancecareers.com/retail-buyer-job-description-2061529
- FashionUnited. Career Advice: How to become a Buyer. Retrieved from https://fashionunited.com/career/career-advice/how-to-become-a-buyer/2020010249259
- The National Careers Service. Retail Buyer. Retrieved from https://nationalcareers.service.gov.uk/job-profiles/retail-buyer
