Our Retail Buyer job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Retail Buyer role
A Retail Buyer is responsible for selecting, ordering, and managing merchandise in a retail store. They evaluate market trends, analyze sales data, negotiate prices with vendors, and create promotional strategies to maximize profits. They also maintain relationships with suppliers and ensure the store is adequately stocked with the right products.
Role Purpose
The purpose of a Retail Buyer is to select merchandise for retail stores and ensure the product is profitable and of high quality. The Buyer is responsible for researching and analyzing trends, negotiating prices and contracts with vendors, and managing inventory levels to meet consumer demand. The Buyer must be knowledgeable about the product, market, and customer base in order to make sound purchasing decisions. They must also stay up to date on current trends and industry news. Additionally, they are responsible for developing relationships with vendors and ensuring a positive customer experience.
Retail Buyer Summary
The Retail Buyer is responsible for selecting merchandise to be sold in the company's retail stores. The Buyer is responsible for analyzing trends, researching and selecting products, negotiating prices with vendors, and overseeing product inventory. The Buyer must also ensure that the products they purchase are of the highest quality, are cost-effective, and are in line with the company's objectives. The Retail Buyer must maintain strong relationships with vendors and suppliers, and must stay up-to-date on industry trends. The successful candidate will have a strong knowledge of the retail industry, excellent communication and negotiation skills, and a keen eye for detail.
Retail Buyer Duties
- Negotiate contracts with suppliers
- Analyze sales trends to anticipate customer demand
- Evaluate supplier performance against contract terms
- Create product specifications based on customer needs
- Source new and existing products
- Monitor product performance and suggest improvements
- Manage inventory levels
Retail Buyer Skills
- Business acumen
- Negotiation skills
- Ability to forecast trends
- Attention to detail
- Analytical skills
- Organizational skills
Retail Buyer Requirements
- Bachelor's degree in a related field
- Strong understanding of current fashion trends
- Excellent communication and negotiation skills
- Ability to anticipate customer needs
- Strong organizational and problem solving skills
Personal Traits
- Analytical
- Organized
- Attention to Detail
- Strong Negotiation Skills
- Ability to Identify Trends