ESSENTIAL DUTIES AND RESPONSIBILITIES:
Buying
- Own end to end merchandising and buying strategies, identify and seek opportunities to positively affect company’s overall point of view and financial outcome.
- Review seasonal collections, strategize investments based on OTB, sales analysis, trend projection, and historical performance for their assigned brand and/or category.
- Build, evaluate and revise sales plans at category and collection level.
- Develop monthly allocation and product launch plans in collaboration with Marketing, Visual Merchandising, and Store Operations, in accordance with marketing and promotion strategies.
- Identify new business opportunities through sales analysis, retail feedback and competitive research.
- Maintain margin by managing seasonal markdowns and eventual RTV strategy.
- Ensure all steps of data entry and POs for new collections are accurately entered in the system
- Attend merchandising, marketing, and product related meetings for the assigned brand and/or category
- Partner with the Director to formulate and execute assortment plans for seasonal buys, strategize investments based on OTB, sales analysis, trend projection, and historical performance
Inventory Management and Replenishment
- Consistently monitor sales and stock for all stores, analyze and execute replenishments, transfers, and consolidations accordingly to provide optimal size integrity, maximize sales opportunity, and minimize leftover stock.
- Review weekly replenishment/ transfer recommendations made by Retail Support Team and make necessary adjustments
- Validate all replenishment POs written by Retail Support Team and send to Corporate Customer Service
- Analyze stock performance and recommend merchandise for markdown and eventual RTV
- Execute markdowns and other price changes in retail system
- Manage minimums for auto replenishable stock, review and adjust when necessary
- Plan and communicate Monthly Delivery Calendar for retail and online stores to ensure merchandise are delivered promptly and according to marketing plans; coordinate and negotiate with Shipping Department to minimize impact on merchandise delays
- Work with Store Managers, Retail Operations, Customer Service, and Shipping Departments to resolve shipping discrepancies
- Review and process damage returns, record damage reasons and spot trends for possible defective items or production issues and communicate with the Director and the Corporate Merchandising Team
- Manage all inventory adjustments and cycle counts
- Recommend and perform other analyses and actions needed to maintain inventory health
Business Intelligence
Provide necessary reports and analytics to stores and corporate stakeholders
Have in depth understanding of retail, online, and business intelligence systems, be the “go-to” person for resolving issues and creating new report modules
Provide ad hoc reports as needed in a timely manner
Retail and Online store support
Communicate new product arrivals and business trends
Participate in store openings, closings and events as required
Attend weekly conference calls, store and manager meetings, and training sessions as required
Participate in weekly Online and Merchandising meetings and provide support as necessary
Attend monthly Online Target meetings to coordinate product launches in accordance with marketing plans
Work with Marketing to develop product knowledge materials for store teams
Lead bi-weekly product touch base with store managers, understand each store’s sales trend and adjust strategies accordingly
Other responsibilities
Build strong working relationships across departments throughout corporate and in stores
Handle other duties as assigned by the Director
Work Environment
Adhere to company guidelines of dependability, including attendance requirements, professionalism, and conduct, as listed in the employee handbook
MINIMUM QUALIFICATIONS:
- College degree in Buying or equivalent required
- Minimum four years (4) of retail buying experience required. Related industry highly preferred.
- Previous inventory control experience required.
- Strong verbal and written communication skills
- Meticulous attention to detail and high analytical thinking
- Ability to multi-task and meet deadlines in a fast-paced environment
- Ability to exercise strong judgment and decision-making
- Expertise in Microsoft Office (Excel, Word, Outlook etc.)
- Prior experience with point-of-sale systems preferred
Mathematical Skills:
- Expertise in retail math is required
- The ability to understand, navigate and create complex calculations and formulas is required
Physical Demands:
- Ability to sit for long periods of time.
- Ability to stand for 8+ hours or duration of scheduled shift
- Ability to stand, walk, bend, squat and or twist
- Ability to grasp, push, reach and manipulate objects with right/left hand(s).
- Ability to bend at waist with some twisting
- Reaching above or below shoulder level
- Ability to occasionally climb ladders to store, receive and/or place materials and/or merchandise
Job Type: Full-time
Pay: $55,000.00 - $65,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Flexible schedule
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Experience:
- Inventory control: 1 year (Required)
- Retail math: 1 year (Required)
- Retail buying: 4 years (Required)
Work Location: In person