Job Brief
As a Retail Buyer, you will be responsible for purchasing merchandise for resale to consumers at the wholesale or retail level. This role requires analyzing past buying trends, sales records, and product quality to determine optimal value and yield. You will select, order, and authorize payments for merchandise in accordance with contractual agreements. Strong negotiation skills and the ability to conduct effective meetings with sales personnel to introduce new products are essential for success in this position.
Responsibilities
- Analyze sales records and past buying trends to inform purchasing decisions.
- Select and order merchandise based on market demand and consumer preferences.
- Negotiate contracts and terms with suppliers to secure the best pricing and quality.
- Authorize payments for merchandise in compliance with budgetary guidelines.
- Conduct meetings with sales personnel to present new products and marketing strategies.
- Monitor inventory levels and adjust orders to maintain optimal stock levels.
- Collaborate with marketing teams to align product offerings with promotional strategies.
- Stay informed on industry trends and competitor activities to enhance purchasing strategies.
Requirements
- Bachelor’s degree in Business, Marketing, or related field preferred.
- Proven experience as a Retail Buyer or similar role in a retail environment.
- Strong analytical skills with proficiency in analyzing data and sales records.
- Excellent negotiation and communication skills.
- Proficiency in inventory management systems and purchasing software.
- Ability to work collaboratively within a team and cross-functional departments.
- Strong organizational skills and attention to detail.
- Knowledge of current market trends and consumer preferences.
Similar Job Titles
- Merchandise Buyer
- Procurement Buyer
- Product Buyer
- Category Buyer
- Retail Merchandiser
- Purchasing Agent
- Assistant Retail Buyer
- Wholesale Buyer
