Buyer - Off Price (Hybrid) (New York office)
About The Position
In this fast-paced off-price environment, the Off-Price Buyer is expected to lead with agility and a sharp market instinct. Off-Price Buyers are responsible for the overall merchandising direction of a category or department(s) with the goal of meeting/ exceeding sales, margin and turn targets. Off-Price Buyers maintain a singular focus on the product, value, price, quality and the customer by incorporating competitive intelligence, customer insight, and business analysis. Ownership of the end-to-end process — from assortment planning to in-season reaction — and collaborate cross-functionally to ensure inventory flow aligns with business goals. Off-Price Buyers are responsible for the purchase and negotiation of merchandise as well as the open to buy process.
Requirements
- Bachelor's Degree preferred
- 7-9 years retail experience required
- 1-3 years retail buying required
- Strong negotiation skills
- Exceptional at relationship building and maintaining strong relationships internally and in the vendor community
- Collaborative approach
- Quick decision making
- Deep understanding of customer behavior
- Proficient in business-related computer software (Microsoft Windows, Word, Excel)
- Excellent analytical and reasoning skills
- Clear retail math skills
- Maintains professionalism in work relationships and habits
- Demonstrates strong listening, written and oral communication skills
- Is multi-task oriented to meet deadlines.
- Possesses strong merchandising, product and marketing skills
Responsibilities
- Develop and execute merchandise strategies and assortment plans, based on customer feedback and preferences, to deliver financial goals and business objectives while providing value, quality and on-brand merchandise for the outlet stores
- Proactively identify emerging trends and leverage liquidity to test new ideas, driving sales and margin through strategic buys.
- Analyzes business to the lowest level to identify opportunities in sales, inventory, and margin by store, department, and class
- Frequent vendor meetings and market trips to support reacting to business trends in a timely and efficient manner
- Creates all necessary analysis based on trends, events and other store related needs
- Works with Planner and Allocator during the planning process: in-season planning & revisions, assortment plans, store plans
- Identifies opportunities to improve overall plan quality
- Communicates effectively with all merchandising levels
- Communicates effectively with stores and internal cross-functional partners
- Builds and maintains strong relationships with vendor partners, while building a presence with new and existing vendors within the outlets and company
- Reacts to feedback based on store and customer needs
- Select merchandise; negotiate best costs and delivery of product
- Manage all aspects of product placement, marketing and any pricing related tasks
- Negotiate vendor allowances, returns, advertising co-op, and other terms as needed
- Identify business opportunities and risks in-season through analyzing sales performance and gathering marketplace information; implement strategies to ensure plans are achieved
- Build a high quality merchandising team by developing partnerships, leading, coaching and providing constructive feedback
- Leverages open-to-buy process to manage business in-season and maximize opportunities
- Travels to all necessary markets and store trips
- Ability to articulate and provide thought process behind solutions and strategic plans
- Identifying emerging trends and shopping competition and market regularly
- Lead, develop and manage Merchandise Assistant
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
