Expect to make anywhere from $42k to well over $60k per year. What will you learn in a retail management degree program? Retail 5 Great Career Paths You Can Take if You’re Working in Retail. Data from the BLS' 2019 reports showed that retail salespersons earned a median income of $25,250 per year. Take The Test . From home basics to automotive to lawn and garden, our customers expect a range of quality products. 3 things you need to become a buyer. Biomedical A career as a fashion buyer is glamorous, challenging and available. For example, the American Purchasing Society offers four different certifications, including the Certified Purchasing Professional (CPP) and the Certified Green Purchasing Professional (CGPP) designations (www.american-purchasing.com). This career path sometimes has an industry-hopping aspect to it, but the jump seems more logical and less shocking to outside observers. A career in merchandising offers an interesting mix of interaction with data and interaction with people. Retail buyers need a sense of retail and product trends and strong analytical experience. A department store with headquarters in Illinois advertised for a buyer specializing in toys. Fast track your career with top tips from buyers at Barneys New York, Bergdorf Goodman, Lane Crawford, Matchesfashion.com and Ssense. Some buyers are part of a buying team for a large corporation that contains many retail locations. Sehar Imran Career path: Retail Buyer Required competencies There are many required skills that a retail buyer needs to acquire in order to be successful. Search for degrees and subjects Clear text Search. Duties and tasks. This video explains the role of a Buyer and the career pathway available to school, college and university leavers joining as a Buyer Trainee Your career. Often retail organizations will choose chief executives who possess expertise in a specific area that is determined to be key to the company’s future. and Programming, Free Online Search for degrees and subjects Clear text Search. by Peter Jones. Just remember that actually selling items in store is only about 56% of the retail picture. Retail buyers track buying patterns and store inventories to predict what consumers want to see on store shelves next. As the manager of the merchandising team in a retail store, he makes pivotal decisions affecting the company's profits. They also use market research and knowledge of trends to anticipate their companies' needs for new products. Sources: *U.S. Bureau of Labor Statistics, **U.S. Environmental Protection Agency. To go straight into a buying role, you'll usually need a qualification in retail or business. It normally takes about two or three years to achieve each progression. Regardless of your educational background, many firms provide job training that varies in length from one to several years. There were two paths in front of me. Generally, you'll start as a buyer's assistant, progressing to the position of junior or trainee buyer and then to senior buyer - provided you've gained sufficient experience. Now, you can predict which career will satisfy you in the long term by taking a scientifically validated career test. The ideal candidate would be capable of managing the selection and ordering of merchandise appropriate to customer needs and working extensively with vendors. Although the profession's projected employment growth from 2010-2020 was average (14%) due to a competitive job field, the financial rewards might entice you to pursue this line of work. Or, go to corporate and work on things like HR policy, systems or training. Learn about retail buyer career paths with Blain’s Farm & Fleet. 2020 Enter zip: Like retail buyers, they analyze consumer data to understand what people are likely to buy and at what price. Earning a bachelor's degree with coursework relevant to business, retailing and merchandising can enhance your employment opportunities. The industry takes people from a wide range of backgrounds and all stages of education. Logisticians and logistics managers work with manufacturers and suppliers to arrange the transport of materials and finished products, from the factory all the way down to the retail establishment, in a way that maximizes efficiency and minimizes cost. You'll need to consider several factors when making purchasing decisions including customer demand, including price, quality and availability. in case you decide directly to artwork for a huge company (eg Coles, Myer, Woolworths), you have a plenty bigger probability of mountain climbing the ladder, than in case you artwork in a small shop. A retail buyer shops, trains sales staff, visits showrooms, carefully inspects products, monitors budgets and travels extensively. It's a great place to truly establish and grow your retail career. in Psychology with an Emphasis in Performance and Sports Psychology, Bachelor of Science in Elementary Education, BS in Elementary Education / Special Education (Dual Major), Heating, Ventilation, and Air Conditioning (HVAC), Master of Science - DNP Path (Doctor of Nursing Practice), Associate of Applied Science in Early Childhood Development, Associate of Applied Science in Human Services, Medical Office Administration Certificate, Human Services Certificates in Child and Family Services, Graduate Certificate in Industrial/Organizational Psychology, Adult Gerontology Acute Care Nurse Practitioner Certificate. As a retail buyer, you’ll have the opportunity to progress in the buyer career path. - Business Management With No Concentration, B.S. Retail buyers are essential to the success of a retail business as they ensure appropriate products are sourced at the right price. Get the facts about the job duties, career growth outlook and salary expectations to determine whether this is the right career … Retail buyers make the most in Illinois with an average salary of $60,550. 10 Dec 2020 accessed. Whether you’re searching for a job for the first time or are interested in changing careers, it’s important to understand what your options are. They’re in charge of purchasing those goods from suppliers for sale on store shelves. The only surefire strategy for becoming a retail CEO is to start your own company and award yourself the title. What you'd do: Retail field managers oversee stores and their performance. (Retail Buyer: Job Outlook & Career Information. These people have their finger on the pulse of the retail industry. It does project job opportunities for wholesale and retail buyers, which it expects to increase 9 percent in the next decade -- a slower than average rate. Applicants must be able to lift 40 pounds and remain on their feet throughout an entire shift. They should also have strong negotiation, math and computer skills. The industry trend among major retail stores has been consolidation and/or bankruptcy. As a retail buyer, you will also need to negotiate with suppliers to secure competitive prices. Retail Entrepreneurship Career Path . Retail and Wool Buyer The job description of a retail buyer holds quite a few similarities to that of a wool buyer. Although some employers may require certification, many do not. Get the truth about a retail buyer's salary, education, training requirements and employment prospects. That’s why we need people who love retail and are passionate about our brands. Retail is a activity which does not help your potentialities in retail. A retail buyer bases his or her decisions on information from the sales staff to find out what customers want to buy and how much they are willing to spend, using sales reports and market research to figure out what to order. in Communication Studies - Strategic Communication, B.A. Wholesale and retail buyers purchase goods for resale to consumers. As a marketing manager, you might have to work long hours. Retail buyers and purchasing agents can demonstrate their professional competency through voluntary certifications. Working as a retail buyer, you'll plan and select a range of products to sell in retail outlets. in Communication Studies - Rhetoric and Public Culture, B.A. Top "It helped me get a job as a buyer at Bloomingdale's," one graduate recently told us. Not sure how to choose the best career for you? If you do not get a job through an internship, you will usually apply for these jobs online. The vast array of goods and products for sale means that buyers and purchasing agents can specialize in a specific segment of the retail industry, like fashion, or even narrow themselves down to a single department, such as women's shoes. Additionally, it might help strengthen your knowledge of statistics and math through relevant coursework. Study.com College Advisor that can help you compare costs and options. A: If you want to become the retail store manager, you will most likely have to start in a more junior position and work your way up. Offering the products our customers want at low prices is no easy task, but Walmart buyers rise to the challenge and work hand-in hand with manufacturers, business analysts, and pricing teams to shape the future of entire categories. Specialized Focus and Expertise Career Path . A career in merchandising offers an interesting mix of interaction with data and interaction with people. 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