A retail buyer is an individual who works for a retail store and is the person responsible with buying the merchandise that will be sold to the general public at the stores retail locations. A retail buyer can work for a department store, variety store, specialty shop and also major chain in the United States. A retail buyer who is employed with a large retail chain may concentrate on only one type of merchandise where a retail buyer who works for a smaller store may order a variety of merchandise. This merchandise is bought at wholesale prices and negotiated with e wholesaler and in some case s the manufacturer directly will deal with the retail buyer.
The education requirement for a retail buyer is to have a degree in business. A Bachelor of Science in Business Administration program familiarizes students with core business areas like marketing, management, finance and entrepreneurship. A Master of Business Administration (MBA) degree is also sometimes required for this job. The education is a definite must but also needed is a on the job training program to understand the ins and outs of how to purchase good ant wholesale to resale at a profit in different market conditions in the United States.
There are many skills needed to become a successful retail buyer but here are a few of the more important ones you should possess if you wish to pursue this as a career field.
Sense of Design
Sales and Marketing
Communications and Leadership
The average salary for a retail buyer in the United States is approximately $42,000 and the overall outlook for employment is better than average at the present time. Although the trend seems to be going for more automation in the ordering processes this also can be a new opportunity for individuals with computer skills who are just now entering into a career in the industry.