Retail Buyer Job Description Template
The Retail Buyer is responsible for sourcing and purchasing products for the retail store. They work closely with the Store Manager to ensure that the right products are ordered and delivered in a timely manner. The Retail Buyer must be able to negotiate pricing with vendors, maintain relationships with suppliers, and keep up-to-date on industry trends. They must also have excellent organizational skills and be able to multitask in a fast-paced environment.
Retail Buyer Job Responsibilities
- Reviewing store sales and inventory levels to determine what products need to be ordered
- Researching new products and trends to ensure the store is carrying items that will appeal to customers
- Negotiating prices with suppliers in order to get the best deals for the store
- Creating purchase orders for the products that need to be ordered
- Keeping track of shipments and following up with suppliers if there are any delays
- Processing returns and refunds for products that were purchased from the store
Objectives
- To manage the merchandise buying and planning for a retail store
- To develop and maintain strong relationships with vendors
- To negotiate pricing and terms with vendors
- To oversee the ordering, receiving, and stocking of merchandise
- To ensure that adequate inventory levels are maintained
- To monitor sales trends and adjust merchandise mix accordingly
- To participate in trade shows and market research trips
- To prepare reports on sales, inventories, and merchandising plans
Retail Buyer Job Skills & Qualifications Needed
- The skills and qualifications needed for the role of retail buyer vary depending on the employer, but may include:
- * A bachelor's degree in business, merchandising, or a related field
- * 13 years of experience in buying or a related field
- * Strong analytical and math skills
- * Excellent communication and negotiation skills
- * The ability to work well under pressure and meet deadlines