Retail and wholesale buyers perform some or all of the following duties:
A. Retail and wholesale buyers may specialize in a particular merchandise line.
B. Purchase merchandise for resale by retail or wholesale establishments
C. Review requirements of establishment and determine quantity and type of merchandise to purchase
D. Study market reports, trade periodicals and sales promotion materials and visit trade shows, showrooms, factories and product design events
E. Select the merchandise which best fits the establishment's requirements
F. Interview suppliers and negotiate prices, discounts, credit terms and transportation arrangements
G. Oversee distribution of merchandise to outlets and maintain adequate stock levels
1. To be a retail or wholesale buyer, you need a high school diploma and usually a university degree or college diploma in business, marketing or a related program.
2. You also need previous work experience in a retail or wholesale establishment.
3. You must have supervisory experience to become a supervisor or senior buyer.
4. You may specialize in a particular merchandise line through experience or product-based training courses.
5. With additional experience or training, you may move up the ranks to become a manager.
6. Most recent entrants have a community college diploma, and almost 2 in 5 have an undergraduate university degree.
4. Computer-related courses
The average hourly wages for Retail and Wholesale Buyers is $16.33/HR, which is close to the average for occupations in the sale and service sector and are below average for all technical, professional, and skilled occupations. These wages grew at an average rate from 2002 to 2004.