What are the career prospects after completing retail buying?

Dear vibhu, Hi, Retail buyers purchase goods for re-sale to the public. A retail buyer takes current inventory, sales trends, supply chain and customer needs into account when deciding what to buy from suppliers and sell through their company. Retail buyer Job description: A retail buyer is responsible for planning and selecting a range of products to sell in retail outlets. The buyer must consider the following factors when making purchasing decisions: • customer demand, including price, quality and availability; • market trends; • store policy; • Financial budgets. Buyers source new merchandise and review existing items to ensure products remain competitive. By fully understanding customer needs, they are able to maximize profits and provide a commercially viable range of merchandise at competitive prices. Throughout the year, responsibilities typically involve: • analyzing consumer buying patterns and predicting future trends; • regularly reviewing performance indicators, such as sales and discount levels; • managing plans for stock levels; • reacting to changes in demand and logistics; • meeting suppliers and negotiating terms of contract; • maintaining relationships with existing suppliers and sourcing new suppliers for future products; • liaising with other departments within the organization to ensure projects are completed; • attending trade fairs, in the UK and overseas, to select and assemble a new collection of products; • participating in promotional activities; • writing reports and forecasting sales levels; • presenting new ranges to senior retail managers; • liaising with shop personnel to ensure supply meets demand; • getting feedback from customers; • Training and mentoring junior staff. definitely there is good career scope in it. you can visit the links given below: <a href="https://www.shiksha.com/career-as-a-retail-buyer-article-5256-1" style='word-wrap:break-word;'>https://www.shiksha.com/career-as-a-retail-buyer-article-5256-1</a> Hope it will help you, feel free ask more. Give thumbs up or mark this answer as best if you found it helpful.

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