Senior Buyer, Retail Salary

The majority of Senior Retail Buyers in the United States — just over a half — boast more than 10 years of experience in their profession. Salaries stretch from $39K to $121K per year, and the median is $65K per year. A large number report receiving medical coverage from their employers and the greater part collect dental insurance. The majority of Senior Retail Buyers (61 percent) who took the survey are women. Most workers in this position report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$40,013 - $112,941

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$11.84 - $45.15

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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
$40,013 - $112,941  
   
Bonus
$0.00 - $20,027  
Profit Sharing
$1,221 - $2,916  
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).
)
$38,540 - $120,725  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 203
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
$11.84 - $45.15  
   
Overtime
$23.25 - $30.48  
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
$0.00 - $20,027  
   
Profit Sharing
$1,221 - $2,916  
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).
)
$38,540 - $120,725  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 23
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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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For Senior Retail Buyers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Senior Retail Buyers earn similar salaries to those in higher-end positions like Senior Buyer.

Senior Buyer, Retail Job Listings

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Just a handful of professional skills are reported by Senior Retail Buyers who took the survey. Inventory Management and Microsoft Excel are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Inventory Management.

Pay by Experience Level for Senior Buyer, Retail

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


Those who have worked for fewer than five years take home a median salary of $59K, and workers with five to 10 years of experience earn a higher $60K on average. People with 10 to 20 years of experience make an average of about $78K in this role. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $74K.

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Experience Affects Senior Buyer, Retail Salaries

Experienced
up arrow 18%

Late-Career
up arrow 12%

National Average
$66,000

Mid-Career
up arrow 8%

Entry-Level
up arrow 11%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$66,000

Inventory Management
up arrow 9%

Microsoft Excel
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

1-4 years
14%
5-9 years
31%
10-19 years
31%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 69%
vision benefits Vision: 44% employee benefits None: 18%
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