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.
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.