SIC Code 5311-01 - Resident Buyers (Retail)

Marketing Level - SIC 6-Digit

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Last Updated: 04/30/2025

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Looking for more companies? See SIC 5311 - Department Stores - 21,374 companies, 646,738 emails.

SIC Code 5311-01 Description (6-Digit)

Resident Buyers (Retail) is a subdivision of the Department Stores (Retail) industry that involves the purchasing of goods for resale in a retail setting. Resident buyers are responsible for selecting and negotiating the purchase of merchandise that will be sold in their store. They work closely with vendors and suppliers to ensure that the products they purchase meet the needs and preferences of their customers. Resident buyers must have a keen understanding of market trends and consumer behavior in order to make informed purchasing decisions.

Parent Code - Official US OSHA

Official 4‑digit SIC codes serve as the parent classification used for government registrations and OSHA documentation. The marketing-level 6‑digit SIC codes extend these official classifications with refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader view of the industry landscape. For further details on the official classification for this industry, please visit the OSHA SIC Code 5311 page

Tools

  • Inventory management software
  • Point of sale (POS) systems
  • Customer relationship management (CRM) software
  • Data analytics tools
  • Merchandising software
  • Electronic data interchange (EDI) systems
  • Forecasting tools
  • Price optimization software
  • Vendor management software
  • Product information management (PIM) systems

Industry Examples of Resident Buyers (Retail)

  • Clothing and apparel stores
  • Home goods stores
  • Electronics stores
  • Sporting goods stores
  • Beauty and cosmetics stores
  • Toy stores
  • Furniture stores
  • Pet stores
  • Office supply stores
  • Grocery stores