Retail Buyer Salary

For Retail Buyers, yearly average wages total $50K annually. Geographic location is the biggest factor affecting pay for this group, followed by career duration. The majority of workers are highly satisfied with their job. More than half of Retail Buyers (67 percent) survey participants are women. Unfortunately, some people in this line of work are without benefits — nearly one-fifth lack coverage. On the flip side, a strong majority have medical insurance and a majority receive dental plans. The numbers in this rundown were provided by PayScale's salary survey participants.
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$33,466 - $86,960
$33K
$50K
$87K
MEDIAN: $49,713
10%
50%
90%

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$10.52 - $19.87
$11
$15
$20
MEDIAN: $15.16
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$29K$58K$87K
Salary
$33,466 - $86,960  
   
Bonus
$0.00 - $11,960  
Profit Sharing
$5,000  
Commission
$5,500  
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).
)
$28,555 - $83,598  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 133
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$10.52 - $19.87  
   
Overtime
$10.25 - $30.97  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $11,960  
   
Commission
$5,500  
Profit Sharing
$5,000  
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).
)
$28,555 - $83,598  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 53

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United States (change)

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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

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

Common Career Paths for Retail Buyer


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Retail Buyers who transition into an upper level Buyer position will not necessarily make much more than they do in their current role. The average Buyer makes $47K a year.

Buyer Job Listings

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Popular Skills for Retail Buyer


Retail Buyers report using a pretty varied skill set on the job. Most notably, facility with Negotiation and Retail are correlated to pay that is significantly above average, leading to increases of 65 percent and 18 percent, respectively. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Customer Service and Strategic Planning also typically command lower compensation. For most people, competency in Inventory Management indicates knowledge of Data Analysis.

Pay by Experience Level for Retail Buyer

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


Experience and pay tend to be weakly linked for Retail Buyers — those with more experience do not necessarily bring in higher earnings. Workers in their first five years can expect to earn $41K, but people who have been around for five to 10 years earn a noticeably bigger sum of $49K. Retail Buyers who work for 10 to 20 years in their occupation tend to earn about $51K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $52K.

Related Job Salaries

Key Stats for Retail Buyer

Gender

Female
67 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 35 votes.
Less than 1 year
2%
1-4 years
32%
5-9 years
28%
10-19 years
22%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Retail Buyer Salaries

Late-Career
▲15%

Experienced
▲12%

▲8%

National Average
$45,000

▼10%

Skills That Affect Retail Buyer Salaries

Negotiation
▲65%

Retail
▲18%

Merchandising
▼0%

National Average
$45,000


Purchasing
▼11%

Strategic Planning
▼18%

Customer Service
▼23%

Data Analysis
▼24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 35 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
28%
10-19 years
22%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 61%
vision benefits
Vision: 50%
dental benefits
None: 20%
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