Retail Buyer Salary

Median pay for Retail Buyers in the United States lies in the neighborhood of $53K annually. Geography is the biggest factor affecting pay for this group, followed by years of experience. Female Retail Buyers make up most of the survey respondents at 71 percent. Most Retail Buyers report high levels of job satisfaction. Not all workers are lucky enough to have benefits; in fact, close to a fifth are without coverage. Medical insurance is claimed by a strong majority and dental insurance is reported by more than half. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$32,353 - $90,422
(Median)
$32K
$53K
$90K
MEDIAN: $52,576
10%
50%
90%

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$10.07 - $21.01
(Median)
$10
$16
$21
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$31K$62K$93K
Salary
$32,353 - $90,422  
   
Bonus
$0.00 - $19,303  
Profit Sharing
$1,323 - $3,529  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,103 - $92,976  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 151
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$10.07 - $21.01  
   
Overtime
$7.50 - $32.49  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$0.00 - $19,303  
   
Profit Sharing
$1,323 - $3,529  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,103 - $92,976  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 52
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Job Description for Retail Buyer

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.

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Retail Buyer Tasks

  • Ensure that orders are delivered on time and at cost.
  • Resolve billing and shipping problems and provide information to suppliers.
  • Identify suppliers, select merchandise and negotiate bills of sale for a business.
  • Inspect deliveries for shipping errors, improper handling, or quality issues.

Buyer Job Listings

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Retail Buyers report a narrow range of specific skills. Most notably, skills in Negotiation, Merchandising, Data Analysis, and Strategic Planning are correlated to pay that is above average. Those listing Inventory Management as a skill should be prepared for drastically lower pay. Strategic Planning and Data Analysis also typically command lower compensation.

Pay by Experience Level for Retail Buyer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Retail Buyers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average inexperienced worker earns $43K, and someone who has worked for five to 10 years can expect a bigger median salary of $49K. Retail Buyers claiming one to two decades of experience make an estimated median of $52K. After two decades in the workforce, the average Retail Buyer generally earns more than ever; median pay for this group is estimated at $64K.

Related Job Salaries

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Experience Affects Retail Buyer Salaries

Late-Career
up arrow 32%

Experienced
up arrow 7%

Mid-Career
up arrow 3%

National Average
$48,000

Entry-Level
up arrow 11%

Skills That Affect Retail Buyer Salaries

National Average
$48,000

Negotiation
up arrow 11%


Data Analysis
up arrow 18%

Strategic Planning
up arrow 23%

Inventory Management
up arrow 24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
35%
10-19 years
19%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 56%
vision benefits Vision: 38% employee benefits None: 20%
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