Senior Buyer, Retail Salary

With a little under three-quarters of Senior Retail Buyers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Senior Retail Buyers is $83K annually and can range from $48K on the lower end to $117K per year near the higher end. Career length is the biggest factor affecting pay for this group, followed by geography. More than half of Senior Retail Buyers (67 percent) survey participants are women. A strong majority enjoy medical while slightly more than half get dental coverage. Vision coverage is also available to a majority. Most Senior Retail Buyers like their work and job satisfaction is high. This report is based on answers to PayScale's salary questionnaire.

$57,193 - $111,977
$57K
$83K
$110K
MEDIAN: $83,372
10%
50%
90%

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$0$116K
Salary $57,193 - $111,977
Bonus $-0.50 - $29,799
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).
)
$48,448 - $116,573
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 25

Find Out Exactly What You Should Be Paid

United States (change)

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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For Senior Retail Buyers, a move to the Senior Buyer role often correlates with a sharp decline in salary. Senior Buyers typically make $66K.

Senior Buyer, Retail Job Listings

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
67 %
Male
33 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.
1-4 years
4%
5-9 years
22%
10-19 years
33%
20 years or more
41%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Buyer, Retail Salaries

National Average
$85,000

Late-Career
▼3%

Experienced
▼7%

Mid-Career
▼18%

Entry-Level
▼36%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$85,000


Inventory Management
▼29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

1-4 years
4%
5-9 years
22%
10-19 years
33%
20 years or more
41%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 55%
vision benefits
Vision: 60%
no benefits
None: 20%
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