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Senior Buyer, Retail Salary

With a little over a half 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 $39K to $121K per year and averages out to $63K annually. Total cash compensation for Senior Retail Buyers runs from $39K to $121K depending on bonuses that can occasionally exceed $20K and profit sharing that can reach almost $5K. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to most, and the greater part earn dental coverage. Women account for the majority of Senior Retail Buyers who responded to the questionnaire — 60 percent to be exact. Participants in PayScale's salary questionnaire provided the particulars of this report.
$39,691 - $108,976
(Median)
$40K
$63K
$110K
MEDIAN: $63,235
10%
50%
90%

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$11.81 - $41.46
(Median)
$12
$20
$41
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$39,691 - $108,976  
   
Bonus
$0.00 - $20,256  
Profit Sharing
$1,007 - $4,966  
Commission
$1,250 - $10,480  
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).
)
$39,394 - $121,249  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 304
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$11.81 - $41.46  
   
Overtime
$13.59 - $38.74  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $20,256  
   
Commission
$1,250 - $10,480  
Profit Sharing
$1,007 - $4,966  
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).
)
$39,394 - $121,249  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 25
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

  • 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.

Senior Buyer, Retail Job Listings

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Survey takers who work as Senior Retail Buyers report a focused set of job skills. Microsoft Excel and Inventory Management are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Inventory Management and Microsoft Excel.

Pay by Experience Level for Senior Buyer, Retail

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


Experience and pay tend to be weakly linked for Senior Retail Buyers — those with more experience do not necessarily bring in higher earnings. In this position, someone who has worked for fewer than five years can expect a median salary of $58K. The median for people with five to 10 years of experience is only a little bit higher at $61K. On average, Senior Retail Buyers make $73K following one to two decades on the job. As Senior Retail Buyers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $82K.

Related Job Salaries

Experience Affects Senior Buyer, Retail Salaries

Late-Career
up arrow 27%

Experienced
up arrow 13%

National Average
$65,000

Mid-Career
up arrow 6%

Entry-Level
up arrow 10%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$65,000

Microsoft Excel
up arrow 4%

Inventory Management
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 86 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

1-4 years
14%
5-9 years
33%
10-19 years
30%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 69%
vision benefits Vision: 48% employee benefits None: 17%