Retail Buyer

Job Description

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Retail Buyer Job Description

Job Title: Retail Buyer

 

Job Overview: Our company is seeking a skilled and experienced retail buyer to join our team. The ideal candidate will have experience in buying and negotiating with vendors, managing inventory, analyzing market trends and making data-driven decisions to ensure maximum profitability for our retail store. The retail buyer will be responsible for creating and executing buying plans, maintaining relationships with vendors, tracking product performance, and identifying opportunities for growth. The successful candidate will be a strategic thinker, have excellent communication skills, and be able to work well under pressure.

 

Responsibilities:

     Develop and execute buying strategies that meet sales and profit goals

     Analyze and interpret sales data to make buying decisions that drive profitability

     Build relationships with vendors and negotiate favorable terms and pricing

     Manage inventory levels and work with supply chain partners to ensure timely delivery of products

     Monitor market trends and competitive activity to identify opportunities for growth

     Collaborate with store managers to plan and execute promotional campaigns

     Attend trade shows and industry events to stay current with market trends and identify new products and vendors

     Review and analyze performance of products to determine if they meet sales and profitability goals

     Develop and maintain accurate forecasts for sales, inventory and markdowns

     Continually evaluate the effectiveness of current processes and implement changes to improve efficiency and profitability

 

Requirements:

     Bachelor's degree in business administration, marketing, or related field

     Minimum of 3 years of experience in retail buying or related field

     Strong analytical and problem-solving skills

     Excellent negotiation and communication skills

     Knowledge of retail math, inventory management and forecasting techniques

     Ability to work well under pressure and meet tight deadlines

     Strong attention to detail and highly organized

     Proficient in Microsoft Office and retail management software