About the role
Job Description:
Position Summary
The Retail Buyer is responsible for selecting, purchasing, and managing a profitable assortment of merchandise aligned with company strategy. This role involves data-driven decision-making, supplier negotiations, forecasting, and collaboration with internal teams to ensure the right product mix is available at the right time and price.
Key Responsibilities
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Product Selection & Buying
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Analyze market trends, customer demand, and past sales to identify products with strong sales potential.
-
Select merchandise assortments aligned with brand positioning and target customer demographics.
-
Attend trade shows, supplier meetings, and industry events to source products and stay ahead of trends.
-
Vendor & Supplier Management
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Identify, evaluate, and negotiate with vendors to secure optimal terms (pricing, delivery, payment, exclusivity).
-
Maintain strong supplier relationships to improve reliability, resolve issues, and explore new opportunities.
-
Ensure ethical sourcing and compliance with company standards.
-
Inventory & Financial Management
-
Manage Open-to-Buy (OTB) budgets and purchasing plans.
-
Monitor inventory levels, sell-through rates, markdowns, and returns to maintain healthy stock turnover.
-
Collaborate with inventory planning and replenishment teams for accurate forecasting.
-
Cross-functional Collaboration
-
Partner with Merchandising, Marketing, E-commerce, and Store Operations to ensure product launches and promotions align with strategy.
-
Work closely with Visual Merchandising to ensure proper in-store presentation.
-
Reporting & Analysis
-
Analyze sales reports and KPIs (e.g., GMROI, sell-through, weeks of supply) to inform buying decisions.
-
Track and report on performance vs. plan, identifying wins and opportunities.
Key Skills & Qualifications
- Bachelor's degree in Business, Retail Management, or related field.
- 2–5 years of retail buying or merchandising experience.
- Strong negotiation, financial, and analytical skills.
- Proficiency in Excel and retail planning tools (e.g., ERP, PLM, demand forecasting systems).
- Excellent communication and relationship-building abilities.
- Passion for product and understanding of customer behavior.
About the role
Job Description:
Position Summary
The Retail Buyer is responsible for selecting, purchasing, and managing a profitable assortment of merchandise aligned with company strategy. This role involves data-driven decision-making, supplier negotiations, forecasting, and collaboration with internal teams to ensure the right product mix is available at the right time and price.
Key Responsibilities
-
Product Selection & Buying
-
Analyze market trends, customer demand, and past sales to identify products with strong sales potential.
-
Select merchandise assortments aligned with brand positioning and target customer demographics.
-
Attend trade shows, supplier meetings, and industry events to source products and stay ahead of trends.
-
Vendor & Supplier Management
-
Identify, evaluate, and negotiate with vendors to secure optimal terms (pricing, delivery, payment, exclusivity).
-
Maintain strong supplier relationships to improve reliability, resolve issues, and explore new opportunities.
-
Ensure ethical sourcing and compliance with company standards.
-
Inventory & Financial Management
-
Manage Open-to-Buy (OTB) budgets and purchasing plans.
-
Monitor inventory levels, sell-through rates, markdowns, and returns to maintain healthy stock turnover.
-
Collaborate with inventory planning and replenishment teams for accurate forecasting.
-
Cross-functional Collaboration
-
Partner with Merchandising, Marketing, E-commerce, and Store Operations to ensure product launches and promotions align with strategy.
-
Work closely with Visual Merchandising to ensure proper in-store presentation.
-
Reporting & Analysis
-
Analyze sales reports and KPIs (e.g., GMROI, sell-through, weeks of supply) to inform buying decisions.
-
Track and report on performance vs. plan, identifying wins and opportunities.
Key Skills & Qualifications
- Bachelor's degree in Business, Retail Management, or related field.
- 2–5 years of retail buying or merchandising experience.
- Strong negotiation, financial, and analytical skills.
- Proficiency in Excel and retail planning tools (e.g., ERP, PLM, demand forecasting systems).
- Excellent communication and relationship-building abilities.
- Passion for product and understanding of customer behavior.