ASSOCIATE BUYER - Major Appliances & Floor Care

NEXCOM•Virginia Beach, VA

11h

About The Position

Assists the Buyers responsible for the development and execution of all merchandise stock assortments and promotional plans for assigned departments. Has limited Open-to-buy authority. Works closely with Buyer and Planner Distributor to plan and execute sales gross profit and stock turn plans.

Requirements

A Total of 5 years of experience consisting of the following:
General Experience: 3 years experience which was gained in professional technical or other responsible work which enabled the applicant to gain a knowledge of retail practices demonstrated skill in dealing with others in person-to-person work relationships the ability to analyze problems and exercise mature judgment.
OR Substitution of education for experience 1 year of academic study above the high school level may be substituted for 9 months of experience up to a maximum of a 4 years bachelor s degree for 3 years of general experience.
AND Specialized Experience 2 years of progressively responsible substantive experience which provided background in Procurement practices methods and procedures Developing and maintaining open to buy Selecting sources of supply Planning stock assortments Review of merchandise for pricing markdowns and stock rotation Planning and developing sales promotions

Responsibilities

Analyzes market trends and offerings to develop and execute merchandise stock assortments business strategies and goals for assigned merchandise lines departments.
Negotiates with vendors within established limits to obtain most favorable prices and allowances to achieve sales and profit objectives for basic and advertised merchandise.
Where required works with vendors to ensure that all vendor s in store sales staff is trained meets all NEX standards and are scheduled all necessary and negotiated hours of staffing.
Responsible for the development execution and maintenance of the Master Stock Assortments MSA .
Works with other codes to develop space allocation adjacencies and planograms for store sets and renovations.
Develops and executes advertising plan for assigned departments.
Oversees order placement and tracking to ensure timely receipt of merchandise.
Works with buyer to prepare information tools training materials and training seminars for store associates.
Works closely with Planner Distributor to plan sales gross profit and stock turn both annually and seasonally.
Works closely with Planner Distributor to determine and execute automated methods of replenishment.
May be assigned responsibility the supervision and development of a subordinate staff consisting of Assistant Buyers Merchandisers Pricing Specialists as appropriate.
Conducts store visits as appropriate to evaluate merchandise presentation customer demographics stock assortments and inventory levels. Works closely with store management to address and maximize business opportunities.
Attends trade shows and markets as appropriate.
Works with Planner Distributor to determine optimal order size inventory levels and allocations needed to achieve merchandising and financial goals.
Analyzes financial performance using tools such as but not limited to Data Warehouse and Category Scorecard to ensure established goals are being met and takes appropriate corrective action when necessary.
Prepares merchandise information manuals monthly information bulletins and associate training seminars as appropriate.
Maintain collaborative partnerships with vendors and internal and external colleagues.
Performs other related duties as assigned.