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YB WEB DESK. Dated: 4/21/2021 11:52:48 AM
RETAIL BUYER
Retail buyers identify, select and purchase stock that matches the retailer’s requirements. Graduates often become buyers after successfully completing a retail management training scheme. Buyers are responsible for sourcing, developing and introducing product ranges that suit their stores and customer base. A buyer might focus on one area or brand within a retailer, such as cosmetics, confectionery or footwear, or they might look after a whole store or even a whole chain. Buying is an important and responsible role within a retailer as profitability can be affected by how successfully their work is undertaken. The buyer can enhance profits by acquiring suitable goods at competitive prices through sensible planning and careful purchasing. It’s very important for buyers to understand their target audience and be able to predict future trends so that they can purchase what customers want. Typical responsibilities include: identifying and meeting suitable suppliers/manufacturers visiting fashion shows and trade fairs to look for new products managing stock levels negotiating prices, quantities and delivery time-scales pitching ideas producing reports and forecasts financial administration managing junior staff liaising with other employees about sales.RETAIL BUYER