With between two-thirds and three-fourths of Senior Retail Buyers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $46K to $125K per year and averages out to $75K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Women Senior Retail Buyers who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to a strong majority, and a little less than half earn dental coverage. This report is based on responses to the PayScale salary survey.

$43,278 - $117,254
(Median)
$43K
$75K
$120K
MEDIAN: $75,000
10%
50%
90%

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$14.25 - $45.78
(Median)
$
$20
$
MEDIAN: $20
50%

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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
$43,278 - $117,254  
   
Bonus
$204.26 - $29,361  
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).
)
$45,644 - $125,040  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 43
National Hourly Rate 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$25$50$75
Hourly Rate
$20.25  
   
National Annualized 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
Bonus
$204.26 - $29,361  
   
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).
)
$45,644 - $125,040  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 6
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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

  • 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.
  • 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.

Common Career Paths for Senior Buyer, Retail


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Senior Retail Buyers who take on a higher-level position such as Senior Buyer may get paid a little bit less in that new role, as Senior Buyers on average bring home $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.


For many Senior Retail Buyers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Relatively untried employees who have less than five years' experience make $54K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $68K. Senior Retail Buyers who work for 10 to 20 years in their occupation tend to earn about $82K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $85K.

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Experience Affects Senior Buyer, Retail Salaries

Late-Career
up arrow 9%

Experienced
up arrow 5%

National Average
$78,000

Mid-Career
up arrow 13%

Entry-Level
up arrow 30%

Skills That Affect Senior Buyer, Retail Salaries


National Average
$78,000

Inventory Management
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

1-4 years
4%
5-9 years
22%
10-19 years
39%
20 years or more
35%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 46%
medical benefits
Vision: 37%
dental benefits
None: 20%
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