Retail and wholesale buyers

NOC

62101

buy merchandise for resale and are usually responsible for merchandising operations of retail or wholesale establishments.

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Full NOC Description

Retail and wholesale buyers buy merchandise for resale by retail or wholesale establishments and are usually responsible for the merchandising operations of retail or wholesale establishments. Retail and wholesale buyers who are supervisors and those who are assistants are included in this unit group.

Main Duties

This group performs some or all of the following duties:

Purchase merchandise for resale by retail or wholesale establishments

Review requirements of establishment and determine quantity and type of merchandise to purchase

Study market reports, trade periodicals and sales promotion materials and visit trade shows, showrooms, factories and product design events

Select the merchandise which best fits the establishment's requirements

Interview suppliers and negotiate prices, discounts, credit terms and transportation arrangements

Oversee distribution of merchandise to outlets and maintain adequate stock levels

Establish and maintain contact with suppliers

May supervise the work of other retail buyers.

Retail and wholesale buyers may specialize in a particular merchandise line.

Also Known As

appliance buyer
assistant buyer
beverage taster and buyer
buyer - retail
buyer - wholesale

chief buyer

clothing buyer

food buyer

produce buyer

Requirements

Employment Requirements

Completion of secondary school is required.

A university degree or college diploma in business, marketing or a related program is usually required.

Previous work experience in retail or wholesale establishments is usually required.

Supervisors and senior buyers require experience in the occupation supervised or in a particular merchandise line.

Provincial Regulation

Not Provincially Regulated

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

43.8%

Female

56.2%

Male

Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

9.2%

15-24

10.1%

25-34

19.3%

35-44

26.1%

45-54

29.4%

55-64

5.9%

65+

Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

14.0%

No Certificate, Diploma or Degree

50.4%

High School, Diploma or Equivalent

5.0%

Apprenticeship or Trades Certificate or Diploma

21.5%

College or University Below Bachelor Level

9.1%

University - Bachelor Level or Above

Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

44.6%

Retail trade

22.3%

Wholesale trade

10.7%

Professional, scientific and technical services

22.3%

All Other Industries

Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

19.70%

Northeast

35.20%

Southeast

30.30%

Southwest

8.20%

Central

6.60%

Northwest

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Average Salary by Economic Regions

The following graph shows the average salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

N/A

Northeast

$45,000

Southeast

$53,000

Southwest

$44,000

Central

$50,000

Northwest

Economic Regions

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Salary

The following shows the average salary of everyone who worked full-time and year-round in this occupation across each of the Atlantic Provinces and nationally.

Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Occupational Profiles