Retail Buyer
Job Description Template

Retail Buyer Job Description - Image

Job Overview

We plan on hiring a skilled and experienced Retail Buyer to join our Retail team.

As a Retail Buyer, you will be responsible for choosing and purchasing lines of products/services on behalf of the company. This job role is crucial as our business activities cannot initiate without having the necessary stock.

You must be willing to take responsibility for all the necessary activities of store management. You will also be negotiating with the suppliers to secure competitive prices. You will need to make certain that we always have sufficient stock that helps meet our requirements. This will help us deliver the utmost value to our clients via high-quality products and facilitate exponential growth.

If you are ready to take up these duties and responsibilities of Retail buyer, then apply right away. We will love to meet you.

Responsibilities

  • Analyze various supplier options according to quality, price, etc and pick the best one.

  • Identify target audience preferences and forecast consumer future trends.

  • Select and purchase new products and review existing products.

  • Negotiate the agreement terms with the suppliers to achieve the best deals for our company

  • Ensure timely product delivery along with compliance to the purchase contracts.

  • Monitor stock levers and make plans for purchasing within the decided budget.

  • Coordinate with the Assistant buyers, Senior buyer, and the Retail buying Department.

  • Create sales reports, budgets, and plan your strategies accordingly and present it to the Retail Manager.

  • Attend fairs, events, exhibitions to stay updated with the latest market trends of retail stores.

Requirements

  • BA/BSc in Business Administration or related field. 

  • High School Diploma candidates with entry level position experience could also be considered.

  • Proven 3 years of experience working as a Retail Buyer, Fashion Buyer, or a similar role for large department stores.

  • Excellent communication and organizational skills.

  • Strong knowledge about best practices to be followed when purchasing.

  • Effective sales and negotiating skills.

  • Exceptional understanding of market research, forecasting techniques, and data analysis.

  • Proficient in MS Office and other basic computing tasks.

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