Survey: Buyers Rate Six Figures
Nearly 60 percent of buyers with 10 or more years ofexperience are earning more than $100,000 per year, according to a survey recently released by Career Management, a retail executive-search firm based in East Brunswick, N.J. Nearly 44 percent of those surveyed said salaries, bonuses and other compensation netted them between $100,000 and $150,000 per year. Among those with five to 10 years of experience, about one-third earned in the six figures, but the largest group—26.2 percent—earned between $70,000 and $80,000.Among the relative newcomers to the job—those with less than five years of experience—more than half earned $70,000 and up. Career Management’s survey included buyers in several categories, including apparel, footwear, accessories, furniture/home deacute;cor and housewares, electronics, sporting goods, office products, books/music, hardware/home improvement, and auto supplies. The buyers were representative of department stores; discount, warehouse and off-price big-box stores; and catalog/e-commerce retailers.
