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Senior Buyer, Retail Salary

With slightly more than 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 $64K annually. Most Senior Retail Buyers like their work and job satisfaction is high. Most enjoy medical while the larger part get dental coverage. Vision coverage is also available to just over two-fifths. Women make up a slight majority of Senior Retail Buyers (55 percent) survey respondents. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$39,969 - $111,202
(Median)
$40K
$64K
$110K
MEDIAN: $64,472
10%
50%
90%

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$11.79 - $45.00
(Median)
$12
$20
$45
MEDIAN: $20
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
$39,969 - $111,202  
   
Bonus
$0.00 - $20,294  
Profit Sharing
$1,221 - $2,916  
Commission
$1,017 - $10,809  
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).
)
$39,390 - $121,447  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 246
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
$11.79 - $45.00  
   
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 - $20,294  
   
Commission
$1,017 - $10,809  
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).
)
$39,390 - $121,447  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 24

Find Out Exactly What You Should Be Paid

United States (change)


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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 go on to become Senior Buyers may see somewhat stagnant compensation. On average, a Senior Buyer, an upper-level role, pays $65K.

Senior Buyer, Retail Job Listings

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Senior Retail Buyers who responded to the survey indicated only a few skills that they use on the job. 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.


More years of relevant experience do not necessarily translate to higher paychecks. Individuals who have worked for fewer than five years bring in approximately $60K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $60K. People with 10 to 20 years of experience make an average of about $77K in this role. Veterans who have acquired more than 20 years report a median income of $80K, which is generally higher than the pay reported by other tenure groups.

Related Job Salaries

United States (change)

Experience Affects Senior Buyer, Retail Salaries

Late-Career
up arrow 21%

Experienced
up arrow 17%

National Average
$66,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 9%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$66,000

Microsoft Excel
up arrow 6%

Inventory Management
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

1-4 years
15%
5-9 years
32%
10-19 years
31%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 69%
vision benefits Vision: 45% employee benefits None: 17%
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