Retail buyer Job Description

Retail buyer Job Description Template

Retail buyers strategically purchase products for retail stores, ensuring optimal stock levels. Responsibilities include analyzing consumer trends, negotiating with suppliers, and managing inventory. Tasks involve market research, product selection, and price negotiation.

Responsibilities:

  • Develop and implement purchasing strategies to meet business objectives
  • Analyze sales data and market trends to make informed purchasing decisions
  • Identify and source new products to add to the retail inventory
  • Negotiate with suppliers to secure favorable pricing and terms
  • Ensure timely delivery of products and manage inventory levels
  • Collaborate with other departments such as marketing and sales to ensure product availability meets demand
  • Monitor and maintain supplier relationships to ensure consistent quality and performance
  • Stay up-to-date with industry developments and best practices to continuously improve purchasing strategies and processes

Requirements:

  • Bachelor's degree in Business Administration, Marketing, or related field
  • At least 3 years of experience in retail buying or purchasing
  • Knowledge of retail industry trends and consumer behavior
  • Ability to analyze sales data and market research to make informed buying decisions
  • Strong negotiation and communication skills
  • Proficiency in Microsoft Excel and other data analysis tools
  • Ability to work independently and manage multiple projects simultaneously
  • Willingness to travel domestically and internationally to attend trade shows and meet with suppliers