Senior Buyer, Retail Salary

Senior Retail Buyers in the United States are often veterans in their line of work, with nearly three in four bringing more than 10 years of experience to the table. Salaries slide in at $74K annually on average but can range from $40K to $121K per year. Experience level is the biggest factor affecting pay for this group, followed by geography. Unfortunately, some people in this line of work are without benefits — just over a fifth lack coverage. On the flip side, a strong majority have medical insurance and just over two-fifths receive dental plans. Senior Retail Buyers survey participants are largely women, dominating at 63 percent. The majority of workers are highly satisfied with their job. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$44,500 - $107,500
$44K
$74K
$110K
MEDIAN: $74,302
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$50K$100K$150K
Salary
$44,500 - $107,500  
   
Bonus
$450.00 - $32,500  
Profit Sharing
$3,000  
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).
)
$40,075 - $120,805  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 34

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United States (change)

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Job Description for Senior Buyer, Retail

Retail stores have a limited space for storage and displays related to the items they carry. This may be especially relevant for department stores and clothing retailers, where there are regular seasonal and style changes that need to be made. The senior retail buyer makes decisions about what items the retail store will buy to sell in its own floor space.The buyer must be aware not only of market trends throughout the industry, but his or her store's brand as well. The buyer typically consults market research data, and they may work with branding managers to ensure that all new merchandise fits with the store and its customers.

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Senior Buyer, Retail Tasks

  • Evaluate existing products and customers and seek new merchandise, and negotiate for the best price and quality.
  • Request and evaluate bids, contextualizing products in line with overall brand.
  • Assess and evaluate industry trends and sales, and provide analytics and forecasts to support decisions.
  • Define requirements and timing for new merchandise purchasing and distribution.

Common Career Paths for Senior Buyer, Retail


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Many Senior Retail Buyers transition into upper-level roles like Senior Buyer. However, Senior Buyers do report a slightly lower median income of $66K per year.

Senior Buyer, Retail Job Listings

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Pay by Experience Level for Senior Buyer, Retail

Pay by Experience for a Senior Buyer, Retail has a positive trend. An entry-level Senior Buyer, Retail with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 48 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Buyer, Retail with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 16 salaries. An experienced Senior Buyer, Retail which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $79,000 based on 22 salaries. A Senior Buyer, Retail with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $82,000 based on 14 salaries.

Related Job Salaries

Key Stats for Senior Buyer, Retail

Gender

Female
63 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
1-4 years
3%
5-9 years
21%
10-19 years
39%
20 years or more
37%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Buyer, Retail Salaries

Late-Career
▲12%

Experienced
▲8%

National Average
$73,000

Mid-Career
▼5%

Entry-Level
▼26%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$73,000


Inventory Management
▼18%

Job Satisfaction

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

Gender

Female
63 %
Male
38 %

Years of Experience

1-4 years
3%
5-9 years
21%
10-19 years
39%
20 years or more
37%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 44%
vision benefits
Vision: 44%
no benefits
None: 22%
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