Your Career In Retail Buying (Overview & Outlook)

Are you considering a career in retail buying? Here are the answers to some of the questions you may have.

Who is retail buying a good career for?

If you have a passion for fashion, trends, and consumer behavior, retail buying could be a good career choice for you. It is also suitable for you if you enjoy working in fast-paced and dynamic environments.

How much income can one expect to make as a retail buyer?

In terms of income, the salary of a retail buyer can vary depending on factors like location, experience, and the size of the company you work for. On average, a retail buyer can expect to earn between $50,000 and $100,000 per year. However, it's important to note that this figure can be higher for senior-level positions or in larger retail organizations.

How do you get the education and experience required to be a retail buyer?

To become a retail buyer, a combination of education and experience is typically required. Many retail buyers have a bachelor's degree in fields such as fashion merchandising, business administration, or marketing. Some universities and colleges also offer specific programs for retail buying. You ay also gain valuable experience through internships and entry-level positions in retail that will be beneficial in your future job search endeavours.

What are the pros and cons of being a retail buyer?

Being a retail buyer has its pros and cons. On the positive side, it allows individuals to stay up-to-date with the latest fashion trends, work with a variety of brands and products, and have a significant impact on the success of a retail business. However, it can also be a demanding and high-pressure job, requiring long hours, tight deadlines, and the need to constantly adapt to the evolution of consumer behaviors and preferences.

Who are some of the most notable retail buyers, past and present?

There have been several notable retail buyers in the past and present. Some well-known names include Terry Lundgren, the former CEO of Macy's, and Angela Ahrendts, the former Senior Vice President of Retail at Apple. These individuals have made significant contributions to the retail industry through their strategic buying decisions and innovative approaches.

There is also Rose Marie Bravo, who served as the CEO of Burberry and played a crucial role in transforming the brand into a global luxury powerhouse. Another notable retail buyer is Mickey Drexler, who is known for his successful stints at Gap Inc. and J.Crew, where he revitalized the brands and drove sales growth.

If you're interested in being a retail buyer, where should you start?

If you're interested in pursuing a career in retail buying, a good starting point is to gain experience in the retail industry. This can be done through internships, part-time jobs, or entry-level positions in retail stores or buying offices. Networking with professionals in the field and attending industry events can also provide valuable insights and opportunities.

How will retail buying as a career change in the years to come?

As for the future of retail buying, it is expected to continue evolving with advancements in technology and changes in consumer behavior. The rise of e-commerce and online shopping has already had a significant impact on the retail industry, and this trend is likely to continue. Retail buyers will need to adapt to these changes by developing skills in data analysis, digital marketing, and online merchandising.