A retail buyer is responsible for planning, selecting and purchasing quantities of goods and merchandise that are sold to retailers or in retail stores. They source new and review existing goods to ensure their products remain competitive. Most buyers, including those working in large department stores, tend to specialise in one product type (e.g. clothes, fashion accessories, food and drink, books, furniture, electrical items or household goods), while those who work for smaller stores buy a variety of products.
For individuals looking for a fast-paced career that combines retail and business, retail buying might be the ideal career. The programme provides the learner with the strategies, skills and knowledge required by retail buyers to purchase retail merchandise and develop buying plans. The learner will learn how to analyse the market, plan and introduce product ranges, establish supplier relationships, negotiate the supply of goods and maximise profit through effective buying strategies. The programme will ensure a solid understanding of the tools and techniques required to purchase strategically to meet performance benchmarks and maximise profit in an ever-changing retail environment.
