Retail Buyer Salary

Retail Buyers in the United States take home approximately $52K annually on average. Geography is the biggest factor affecting pay for this group, followed by tenure. Health benefits are not claimed by all — slightly less than a fourth lack any form of coverage — but a strong majority have medical insurance, and the greater part have dental, too. For the most part, Retail Buyers enjoy their work and report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$35,841 - $88,280
$36K
$52K
$88K
MEDIAN: $52,014
10%
50%
90%

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$10.93 - $22.59
$11
$17
$23
MEDIAN: $16.71
10%
50%
90%

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$0$88K
Salary $35,841 - $88,280
Bonus $101.37 - $11,836
Profit Sharing $3,500
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).
)
$30,785 - $87,157
  • Country: United States
  • Currency: USD
  • Updated: 13 Sep 2017
  • Individuals Reporting: 101
Hourly Data $0$41
Hourly Rate $10.93 - $22.59
Overtime $5.71 - $41.11
Annual Data $0$87K
Bonus $101.37 - $11,836
Profit Sharing $3,500
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).
)
$30,785 - $87,157
  • Country: United States
  • Currency: USD
  • Updated: 13 Sep 2017
  • Individuals Reporting: 38

Find Out Exactly What You Should Be Paid

United States (change)

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 go on to become Buyers may see somewhat stagnant compensation. On average, a Buyer, an upper-level role, pays $47K.

Retail Buyer Job Listings

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 70 percent and 11 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

Pay by Experience for a Retail Buyer has a positive trend. An entry-level Retail Buyer with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 71 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Retail Buyer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $50,000 based on 66 salaries. An experienced Retail Buyer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 50 salaries. A Retail Buyer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $53,000 based on 24 salaries.

Related Job Salaries

Key Stats for Retail Buyer

Gender

Female
71 %
Male
29 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.
Less than 1 year
1%
1-4 years
30%
5-9 years
26%
10-19 years
24%
20 years or more
18%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Retail Buyer Salaries

▲12%

▲7%

▲5%

National Average
$47,000

▼11%

Skills That Affect Retail Buyer Salaries

Negotiation
▲72%

Retail
▲13%

National Average
$47,000



Purchasing
▼15%

Strategic Planning
▼22%

Customer Service
▼26%

Data Analysis
▼31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
1%
1-4 years
30%
5-9 years
26%
10-19 years
24%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 66%
vision benefits
Vision: 52%
no benefits
None: 17%
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