Retail Buyer Salary

Average Retail Buyers in the United States make around $51K per year. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Some workers in this field — just under a fourth — are not awarded benefits. Medical coverage is reported by a fair number and dental plans are enjoyed by the greater part. Most Retail Buyers report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$33,114 - $85,345
$33K
$51K
$85K
MEDIAN: $50,972
10%
50%
90%

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$10.82 - $22.40
$11
$16
$22
MEDIAN: $15.53
10%
50%
90%

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$0$85K
Salary $33,114 - $85,345
Bonus $48.18 - $12,365
Profit Sharing $5,000
Commission $9,000
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).
)
$29,305 - $85,996
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 107
Hourly Data $0$41
Hourly Rate $10.82 - $22.40
Overtime $5.71 - $41.11
Annual Data $0$85K
Bonus $48.18 - $12,365
Commission $9,000
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).
)
$29,305 - $85,996
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 42

Find Out Exactly What You Should Be Paid

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 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


Survey results show that Retail Buyers use a fair number of skills. Most notably, facility with Negotiation and Retail are correlated to pay that is significantly above average, leading to increases of 72 percent and 13 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. Those educated in Inventory Management tend to be well versed in 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
69 %
Male
31 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 37 votes.
Less than 1 year
1%
1-4 years
32%
5-9 years
26%
10-19 years
23%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Retail Buyer Salaries

▲13%

▲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

Highly satisfied
Rated 4 out of 5
based on 37 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
1%
1-4 years
32%
5-9 years
26%
10-19 years
23%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 65%
vision benefits
Vision: 50%
no benefits
None: 23%
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