Responsibilities of retail fashion buyer

Retail Buyers are responsible for following

• Planning, choosing, and purchasing merchandise for resale purposes by retail establishments:
• Keeping and accurate stock record in order to purchase what is necessary for later resale;
• going through catalogs in order to select the best merchandise to purchase;
• working within the established budget;
• locating, selecting, and procuring merchandise for resale;
• monitoring the shipping of merchandise to stores;
• determining contract terms and conditions;
• modifying purchase orders according to seasonality, availability, and demand; and
• solving any problems that may arise with the merchandise and/or supplier.

• Following and analyzing market trends, studies, and liaising with suppliers and other vendors to ensure quality of products:
• Analyzing market research and trends to determine consumer demand and potential sales volumes;
• carrying out research and evaluating sales numbers as well as following the activities of competitors;
• introducing new products when they become available;
• keeping up-to-date on the latest Marketing and industry trends; and
• following current trends and anticipating changes in the market.

• Studying the market and anticipating the performance of new products before launching:
• Using data collected in order to analyze and understand the needs and necessities of consumers and how they can be satisfied;
• liaising with suppliers in order to receive notice of new products;
• checking product samples; and
• requesting approval by Senior Managersbefore launching new products.

• Liaising with vendors and suppliers:
• Meeting with suppliers and vendors in order to discuss purchases, special discounts, and other contracts;
• visiting factories;
• inspecting the quality of the purchased product and reporting any defects to the suppliers; and
• building a network of vendors and suppliers.

• Coordinating with other franchises to ensure that all store sell the same products:
• Liaising with the Sales Department in order to decide if a product should be discontinued.

• Carrying out administrative duties:
• Reviewing quotations; and
• communicating with the shipping companies and customs for shipping terms, lead time, and payment methods

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