About the Retail Buyer Position
We’re seeking a confident and ambitious Retail Buyer to join our team of retail professionals. As a Retail Buyer for our company, you’ll be the key person responsible for selecting and purchasing the merchandise we’ll sell in our stores, you’ll be ensuring we keep up in a competitive retail market.
Success in this role is dependent upon good research skills, excellent negotiation skills, and the ability to close on a deal. You’ll also want to be knowledgeable about current sales trends!
Retail Buyer Responsibilities
- Research and analyze current market trends along with consumer insights
- Review inventory at other stores
- Suggest new product offerings based on research
- Build and maintain relationships with suppliers
- Establish new contracts with applicable vendors
- Negotiate with suppliers and vendors to ensure products are obtained at the best possible price
- Complete the purchase of products to fill inventory needs
- Resolve price discrepancies as needed
- Monitor inventory to confirm which products sell the best
- Generate sales reports as needed to present to management
Retail Buyer Requirements
- [2+] years experience in a similar role
- High school diploma required, BA/BSc in business or marketing preferred
- Proficient with Microsoft Office Suite
- Working knowledge of eCommerce software
- Strong familiarity with logistics and distribution
- Excellent negotiation and communication skills
- Strong analytical and research skills
- Superb attention to detail and critical thinking skills
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Frequently Asked Questions
What makes a good Retail Buyer?
A good Retail Buyer stays up-to-date on sales trends and uses their knowledge to choose products that our store can easily sell. Using strong negotiation skills and excellent analytical skills, they’ll make it look easy to sell products at a profit!
Who does a Retail Buyer report to?
A Retail Buyer will typically report to a Merchandise Manager.
What is the salary range for a Retail Buyer?
The salary range for a Retail Buyer is $70,000 to $100,000.
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