Retail buyers are responsible for developing and buying merchandise for their store or department. The buyer analyzes data to predict what will be popular with shoppers to ensure those items are sufficiently stocked. For clothing and fashion, retail buyers often work closely with fashion designers to stay ahead of what is (and will be) popular in the fashion industry. Retail buyers may be required to travel to attend events such as fashion shows, trade shows, and fairs. They work with other teams in the organization to meet company quotas, sales volume, and margins. Retail buyers may also supervise an assistant buyer or buyers, who help with the ordering process and responding to vendor questions, among other tasks.Retail buyers must build positive relationships to facilitate negotiation and collaboration. They work with vendors to resolve any issues with merchandise and execute large orders as well. Retail buyers monitor sales and inventory, looking in particular what is selling and what is not selling to take actions such as cancelling orders or discounting merchandise when necessary. Additionally, these professionals work with the marketing team on sales strategy, messaging, and product placement.Experience in retail or catalog buying is generally required or preferred for these positions. A bachelor's degree in fashion merchandise, business management, or a related field is often preferred. Retail buyers must have excellent presentation, communication, and interpersonal skills, as well as proficiency with basic computer programs.

According to recent data from Google, the job role of a Retail Buyer in Canada is projected to experience steady growth in the market. Over the past 10 years, the demand for Retail Buyers has shown a positive trend, indicating a promising future for this role. There is an expected increase in employment opportunities for Retail Buyers in the coming years, indicating a positive job outlook. With the retail industry constantly evolving, Retail Buyers will play a crucial role in sourcing the right products for consumers, making this position essential for the industry's growth. Overall, the future for Retail Buyers in Canada appears to be bright and promising.

How to Learn

As a Retail Buyer with 3-6 years of experience in Canada, your main responsibilities include:<ul><li> Source and select merchandise from suppliers, negotiating favorable terms and prices. You are responsible for finding and choosing the products to be sold in the retail store, negotiating with suppliers to secure the best deals.</li><li> Monitor inventory levels and sales performance to ensure optimal stock levels. You must keep a close eye on inventory levels and sales data to ensure that the store has the right amount of stock at all times, avoiding both excess and shortage.</li><li> Analyze market trends and consumer behavior to identify opportunities and make informed buying decisions. You need to study market trends and understand customer preferences to make informed decisions on which products to purchase and stock in the store.</li><li> Collaborate with vendors and internal teams to plan promotions, sales, and marketing strategies.</li></ul>

Roles & Responsibilities

Average take home Salary for a Retail Buyer in Canada is around $39537 per year

Salary Breakup

Retail buyers are accountable in sourcing and purchasing items for their department or store. The buyer studies information to determine what items is popular with customers to ensure that the items are adequately stocked. For fashion and clothing Retail buyers typically collaborate with designers to keep up with the trends that are (and is likely to be) fashionable in the fashion world. Retail buyers are often required to travel for events like trade shows, fashion exhibitions, and fairs. They collaborate with other departments within the company to achieve company quotas, margins, and sales volume. Retail buyers can also oversee the assistant buyers or buyers assist with the process of ordering and respond to questions from vendors, among other duties.

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Retail Buyer

Salary Breakup

Skills That Affect Retail Buyer Salaries

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