MANAGEMENT

Detailed explanation-1: -Fashion buyers are responsible for choosing what is sold in stores, aiming to generate the largest possible profits. A fashion buyer’s role is to analyse customer buying patterns and predict future trends. When planning new ranges, buyers have to consider customer demand, price levels and the general market.

Detailed explanation-2: -In the retail industry, a buyer is an individual who selects what items are stocked and their key responsibility is dealing with all the products that come into the store.

Detailed explanation-3: -The buyer calculates how much the garment needs to be sold for in the store to achieve the retailer’s ‘mark-up’, which is the difference between the manufacturer’s cost price and the selling price.

Detailed explanation-4: -fash·ion·is·ta ˌfa-shə-ˈnē-stə : a designer, promoter, or follower of the latest fashions.