Senior Buyer, Retail Salary

Senior Retail Buyers in the United States tend to have a good amount of experience under their belt — a little under three-quarters have more than 10 years in the field. While pay runs from $41K to $127K per year, median earnings come to $74K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. A fair number report receiving medical coverage from their employers and a little less than half collect dental insurance. The majority of Senior Retail Buyers claim high levels of job satisfaction. Women make up a slight majority of Senior Retail Buyers (59 percent) survey respondents. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$42,000 - $116,236
$42K
$74K
$120K
MEDIAN: $74,456
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
$42,000 - $116,236  
   
Bonus
$900 - $30,000  
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).
)
$41,217 - $126,817  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 39
© PayScale, Inc. @ www.payscale.com

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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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Senior Retail Buyers often transition into a Senior Buyer position. Senior Buyers report a slightly lower median income of $66K.

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Pay by Experience Level for Senior Buyer, Retail

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


Senior Retail Buyers who reported more years of relevant experience also reported higher earnings. The average worker who claims fewer than five years of experience earns around $54K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $70K. Senior Retail Buyers claiming one to two decades of experience make an estimated median of $79K. More than 20 years of experience mean a somewhat bigger median paycheck of $83K, but it's not much more than what less experienced people make.

Related Job Salaries

Key Stats for Senior Buyer, Retail

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.
1-4 years
2%
5-9 years
23%
10-19 years
42%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Buyer, Retail Salaries

Late-Career
▲10%

Experienced
▲5%

National Average
$75,000

Mid-Career
▼7%

Entry-Level
▼28%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$75,000


Inventory Management
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

1-4 years
2%
5-9 years
23%
10-19 years
42%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 47%
vision benefits
Vision: 43%
dental benefits
None: 20%
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