A retail buyer purchases products to be sold in retail stores.
Being a buyer for a major retail company requires more of a scientific mind than it does an artistic mind. Business knowledge and mathematics abilities are more important than having design or artistic skills. To be an effective buyer, you need a solid business foundation.  Among the retail buyer’s hardest job duties is forecasting the buying trends. She will work closely with market analysts to determine how much money people will spend during a particular fiscal quarter. She can use this analysis to decide whether the price point of the products will be higher or lower. An assistant buyer is more of a clerical job but you do get to understand the assortment patterns and the pricing that goes with each of the vendors so it will give you a ballpark of what you should look for when you become a buyer. This is really the best retail buyer training. A retail buyer purchases products to be sold in retail stores. She is responsible for studying consumer buying trends, analyzing the market, and determining the newest styles and products. An assistant buyer is more of a clerical job but you do get to understand the assortment patterns and the pricing that goes with each of the vendors so it will give you a ballpark of what you should look for when you become a buyer. This is really the best retail buyer training. The Role of the Fashion Buyer states that one part of a buyer's job is to negotiate prices and details of delivery with the supplier. Since this is an important aspect of a buyer's job, some retailers provide their buyers with negotiation training courses. When the buyer meets with the supplier, the sales executive of the garment manufacturer will submit a cost price for a garment. Then the buyer calculates the price that the garment will need to be sold for in order to reach the retailer's mark-up price. The markup price is the difference between the selling price and the manufacturer's cost price. The retail selling price is typically 2.5 or 3 times the price of The BLS projects that jobs for wholesale and retail buyers of nonfarm products will increase by 7% from 2012-2022, which is slower than average growth for that period. Once you find a job as an entry-level retail buyer, you will likely receive on-the-job training. How to Become a Retail Buyer in 5 Steps. Learn about the career path of a retail buyer who selects and purchases new merchandise for retail stores. Find out about the education and training required to work in this field. Schools offering Fashion Design & Merchandising degrees can also be found in these popular choices. For smaller independent stores, a buyer may participate in sales as well as promotion, whereas in a major fashion store there may be different levels of seniority such as trainee buyers, assistant buyers, senior buyers and buying managers, and buying directors. Then the buyer calculates the price that the garment will need to be sold for in order to reach the retailer's mark-up price. The markup price is the difference between the selling price and the manufacturer's cost price. The retail selling price is typically 2.5 or 3 times the price of Essential Information. Retail buyers purchase goods for re-sale to the public. A retail buyer takes current inventory, sales trends, supply chain and customer needs into account when deciding what to buy from suppliers and sell through their company. They may be responsible for overseeing the company's receiving department and keeping tabs on inventory, expenditures and deliveries. Learn about the education and preparation needed to become a retail buyer. Get a quick view of the requirements as well as details about degree programs, job duties and the job growth outlook to find out if this is the career for you. View 10 Popular Schools ». Retail buyers study consumer fashion-buying trends to select products that will sell in retail stores. Retail buyers have either attended school for it or gained experience in the retail industry first. Fashion buyers should be aware of what is in style. Retail buyers might seek out different clothing lines to purchase for a store. An assistant buyer is more of a clerical job but you do get to understand the assortment patterns and the pricing that goes with each of the vendors so it will give you a ballpark of what you should look for when you become a buyer. This is really the best retail buyer training. £16,000 + per year. A retail buyer is responsible for selecting products to be sold in retail outlets. Most buyers specialise in one product type, for example, clothes, homewares or food and drink. To be a buyer, you’ll need to be able to recognise future trends and work out what people might want. As a retail buyer, you’d need a clear understanding of your organisation’s customers, the prices they’re willing to pay and the likely demand for products. Reacting to and forecasting market trends and changes are key aspects of the job. Retail buyers are sometimes referred to as merchandise managers, and they play a large role in the distribution of goods to the public, according to the BLS. As part of their job, a retail buyer sometimes oversees a company's shipping and receiving departments. Learn about the education and preparation needed to become a retail buyer. Get a quick view of the requirements as well as details about degree programs, job duties and the job growth outlook to find out if this is the career for you. View 10 Popular Schools ».
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what is a retail buyer