Wholesale and Retail Buyers, Except Farm Products
Buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. May negotiate contracts. Includes assistant wholesale and retail buyers of nonfarm products.
🎬Career Video
📋Key Responsibilities
- •Buy merchandise or commodities for resale to wholesale or retail consumers.
- •Negotiate prices, discount terms, or transportation arrangements with suppliers.
- •Examine, select, order, or purchase merchandise consistent with quality, quantity, specification requirements, or other factors, such as environmental soundness.
- •Recommend mark-up rates, mark-down rates, or merchandise selling prices.
- •Obtain information about customer needs or preferences by conferring with sales or purchasing personnel.
- •Authorize payment of invoices or return of merchandise.
- •Monitor and analyze sales records, trends, or economic conditions to anticipate consumer buying patterns, company sales, and needed inventory.
- •Collaborate with vendors to obtain or develop desired products.
💡Inside This Career
The retail or wholesale buyer selects merchandise for resale—analyzing sales trends, negotiating with vendors, choosing products, and building assortments that satisfy customer demand while maximizing profitability. A typical week blends market research with vendor negotiation. Perhaps 35% of time goes to merchandise analysis: reviewing sales data, identifying trends, evaluating product performance. Another 30% involves vendor interaction—meeting with suppliers, negotiating prices, evaluating new products. The remaining time splits between assortment planning, inventory management, marketing coordination, and the administrative tasks that purchasing requires.
People who thrive as buyers combine analytical capability with market intuition and the negotiation skills that securing favorable terms requires. Successful buyers develop expertise in their product categories while building vendor relationships that provide access to the best products and terms. They must balance creative product selection against financial discipline and inventory constraints. Those who struggle often cannot predict customer preferences or find the pressure of buying decisions stressful. Others fail because they cannot negotiate effectively or manage the inventory consequences of buying decisions.
Buying positions exist wherever merchandise is selected for resale—department stores, specialty retailers, distributors, and e-commerce operations. The role combines creative product selection with business analysis, making decisions that significantly affect company profitability. Retail and wholesale buyers appear in discussions of retail operations, supply chain management, and the decisions that shape what consumers can purchase.
Practitioners cite the creative satisfaction of selecting successful products and the tangible impact on business performance as primary rewards. Choosing products that customers want provides genuine accomplishment. The work combines creativity with business analysis. The role offers significant influence on company offerings. Buyer positions provide career advancement into merchandise management. The work involves constant discovery of new products and trends. Common frustrations include the pressure when purchases don't sell and the blame for factors beyond buyer control—economic conditions, weather, competitive actions. Many find the constant negotiation exhausting. The work involves significant travel. Retail industry pressures affect job security.
This career typically requires retail or wholesale experience combined with category knowledge, often developed through merchandising assistant positions. Strong analytical, negotiation, and trend-spotting skills are essential. The role suits those who enjoy product selection and can handle business pressure. It is poorly suited to those uncomfortable with risk, disliking negotiation, or needing work without pressure. Compensation is competitive, with significant bonus potential tied to category performance, and variation based on company size and industry sector.
📈Career Progression
📚Education & Training
Requirements
- •Entry Education: Bachelor's degree
- •Experience: One to two years
- •On-the-job Training: One to two years
- !License or certification required
Time & Cost
🤖AI Resilience Assessment
AI Resilience Assessment
Moderate human advantage with manageable automation risk
How much of this job involves tasks AI can currently perform
Likelihood that AI replaces workers vs. assists them
(BLS 2024-2034)
How much this role relies on distinctly human capabilities
💻Technology Skills
⭐Key Abilities
🏷️Also Known As
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🔗Data Sources
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