What Is a Retail Buyer?

At first glance, the term “retail buyer” may be mistaken to be the customer in a market setup. But in fact, being a buyer is a profession and there are people who were given the gift of being able to determine what the real customers want. If you are still puzzled about what exactly a retail buyer does, this article will help you understand better. Who knows, you might end up seeing your potential to be a buyer yourself.

Basically, a retail buyer is a business professional who purchases products intended to be sold in a retail store. Aside from this, he is responsible of analyzing the buying trend that customers follow, studying the market and determining the latest products. For instance, a fashion buyer in the clothing industry is responsible of spotting the latest fashion trends that will pique the attention of a store’s target market.

There are different aspects that determine a retail buyer’s job. Basically, the buyer must negotiate with the wholesalers and suppliers and make sure that the contract they will be dealing with is the most competitive one. For example, if the buyer finds an electronic device or gadget and knows that it fits the establishment’s market demographics, he or she must negotiate with the supplier until the device can be purchased at the lowest price possible. Ultimately, the retail buyer also brainstorms with the store’s financial operator and decide how much the product will be sold to customers.

The buyer is also given the task of managing the store’s stock inventory. If a product is selling well, the buyer needs to see to it that the product will stay in the inventory until customers are patronizing it. Basically, if the product is still on trend, customers will purchase it from another store if they do not find it in the buyer’s establishment. Thus, it is necessary for a retail buyer to manage the inventory well.

What can be considered as the most critical part of the job is forecasting the market trend. To do this responsibility well, the buyer must sit down with market analysts to determine how much budget people will spare for their shopping spree during a particular quarter of the year. This analysis will help the buyer settle if the price point for the products will be lower or higher. Essentially, the retail buyer must know the type and kind of products that customers will purchase.

Fashion Buying: A Fashion Merchandising Dream Career

Have you ever wondered what kind of careers you can pursue with a degree from a fashion institute? One incredibly fulfilling and often overlooked career choice is fashion buying. A fashion buyer is responsible for the products that a given company sells. They oversee the development of apparel, which is usually targeted towards a particular market and price range. Depending on how big the company is, there might be one fashion buyer or a team of fashion buyers responsible for the merchandise that the company will carry. To perform this job well, buyers must possess a serious intuition when it comes to fashion trends, as well as adequate people skills to maintain good relationships with suppliers. This job is an especially good choice for young fashion school graduates, since young people are generally the ones who are always updated with the latest fashion trends, and looking to climb up the fashion industry ladder.

A typical fashion buyer works with clothing suppliers, reviewing their provided apparel and selecting the proper pieces for the season, store and target market. Often, this part of the job requires deciding on a balance between current fashion trends and classic, traditional pieces. It is imperative that a successful buyer maintains positive interpersonal relationships with suppliers, in order to negotiate prices with them and make sure that their stocks will be delivered on time.

Another important challenge that fashion buyers will face is the idea of thinking ahead. It is not enough to succeed in the fashion industry with knowledge of current trends. In fact, buyers must surpass this knowledge with a keen fashion intuition. It is usually buyers that help to create new trends because they are responsible for what you see on the front racks at boutiques and department stores. Buyers must decide on seasonal trends up to six months before they hit the stores. In order to succeed at this part of the job, you must bring your own creativity and passion to your selections, while at the same time making sure you are selling wearable, comfortable, functional clothes for everyday people.

If the idea of a career in fashion buying is something that excites you, there is no reason not to actively pursue your goal. Often, companies looking for buyers prefer job candidates with fashion merchandising or fashion design college degrees. Retail experience in fashion can also give you that extra bit of experience that will help land you the job. Ultimately, it will be your passion for fashion and your level of professionalism that will launch your dream fashion buying career.

Fashion Week Begins! How to Start a Career in Fashion

For all you fashionistas out there, this is the week you’ve long been waiting for. New York Fashion week kicked off on September 9 at Lincoln Center’s Damrosch Park, with the entire fashion world holding its breath to see what clothes we’ll be wearing in Spring 2011.

The final products you’ll see over the next few days are the result of months of hard work and collaboration between a variety of players in the fashion industry. From the designers who make the clothes, to the models who wear them, to the stylists who use them for celebrity clients, everyone has a role in bringing the newest styles to the public eye.

If one of these jobs sounds like your dream career, now might be the time to consider a career in fashion. Whether you’re watching coverage of the shows online, or you’re lucky enough to be attending, there are a variety of careers you can consider as you watch the latest looks roll down the runway.

It all starts here…
Fashion Designer Careers
Days, weeks and months before Fashion Week begins, fashion designers begin sketching, planning, and designing clothes for upcoming seasons. With an extensive knowledge of fashion history, designers combine past trends, beautiful fabrics, and their vision of the future to create wearable works of art. The clothes they display on the runway eventually influence what we wear to work, to school, and even to the beach.

On the runway…
Modeling Careers
It’s not enough for clothes to look beautiful on the rack-NY Fashion Show attendees need to see how clothes move, hang and appear when they’re worn by real live human beings. That’s where fashion models come in. Although their jobs might appear easy on the outside, professional models have to cultivate their look, walk and attitude to help designers showcase their creations and make them appealing to stylists, editors, and merchandisers.

In the audience…
Fashion Stylist Careers
At Fashion Week, celebrities, style editors, and fashion stylists alike are in the audience to preview next season’s looks and trends. Attendance is extremely important for anyone in the styling world, as it gives them a chance to scout outfits for their clients, network with designers and other fashion insiders, and stay up-to-date on the hottest new designs.

From the runway to your closet…
Fashion Buyer & Merchandising Careers
As the hottest new looks are unveiled, fashion buyers and merchandisers get to work, deciding which designs and styles are right for their customers. Whether they work in large department stores or small, exclusive boutiques, fashion buyers and merchandisers are in charge of monitoring and predicting trends, deciding how much merchandise to order, and keeping an eye out for hot new items.

Ready to get started?
In addition to a passion for fashion, all of the careers listed above require an extensive knowledge of design principles, fabric and textiles, and fashion history. A fashion design degree can be a great place to start.