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Title
Text copied to clipboard!Retail Buyer
Description
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We are looking for a Retail Buyer with a keen eye for detail and a strong sense of market trends. The successful candidate will be responsible for selecting and purchasing lines of products on behalf of our company. The role involves tracking market trends, creating purchase plans, negotiating contracts with suppliers, and evaluating product quality. The Retail Buyer will work closely with the merchandising team to ensure that the product mix is in line with the company's strategy and customer demand. The ideal candidate will have a background in retail buying, strong negotiation skills, and the ability to analyze sales data and market trends. This role requires a strategic thinker with a deep understanding of consumer behavior and retail trends.
Responsibilities
Text copied to clipboard!- Identifying customer preferences and forecasting consumer trends.
- Evaluating supplier options according to prices, quality etc. and determining the best choices.
- Discovering and purchasing new products and checking the quality and popularity of those already on our shelves.
- Negotiating terms of agreements to achieve the best deal for our company.
- Ensuring the timely delivery of products and compliance with the contracts of purchase.
- Monitoring stock levels and making plans for buying within budget.
- Creating reports on sales, budgets and customer satisfaction and presenting those reports to senior management.
- Analyzing data to predict future sales and profit trends.
- Conducting research on potential products, vendors, and services, and comparing price and quality to ensure the best deal.
- Meeting with sales representatives to negotiate prices and quantities.
Requirements
Text copied to clipboard!- Proven experience as a retail buyer or relevant role.
- Outstanding communication and negotiation abilities.
- Well-organized with ability to work under pressure.
- Willingness to travel to meet with suppliers and manufacturers.
- Strong analytical mindset, with excellent numerical skills.
- BSc/BA in Business Administration or relevant field; retail management certification is a plus.
- Proficiency in MS Office and retail management software.
- Excellent knowledge of retail buying best practices.
- Ability to multitask and prioritize workload.
- Strong commercial awareness and a strategic mindset.
Potential interview questions
Text copied to clipboard!- What is your experience with retail buying?
- How do you stay updated on the latest trends and products?
- Can you describe a time when you successfully negotiated a better deal with a supplier?
- How do you handle situations where a supplier fails to deliver a product on time?
- What strategies do you use to forecast consumer trends?