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luxury retailer for runway collections
 
Headquarters New York City    Posted: Tuesday, June 11, 2019
 
   
 
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JOB DETAILS
 

Position Summary

The Buyer, Studio has the responsibility for driving the Designer RTW business growth, & managing the overall sales forecasting, inventory management & buying decisions for Designer RTW. This role is responsible for generating seasonal merchandise plans, assortment strategies, & vendor negotiations to maximize & grow the business.

What You'll Do

  • Develop, manage, & continually analyze a financial plan (profitability margins, mark-up & receipt flow) to exceed sales goals in line with corporate strategies & KPIs
  • Promote an environment that fosters the ideas of others & supports ongoing collaboration to execute aggressive business growth strategies
  • In-depth knowledge & understanding of the global MO customer, developing & executing strategies to exponentially grow the Designer RTW business & market share
  • Develop seasonal merchandise plans for Designer RTW with management & the merchandising team
  • Responsible for planning & overseeing the OTB, taking action; recommending reorders & pricing strategies
  • Manage the buying process, including building assortments based on historical & current product performance, analyzing business & managing inventory flow
  • Review & analyze business weekly, monthly, seasonally, developing appropriate initiatives
  • Analyzing competitive pricing, product, presentation & timing
  • Establish & maintain vendor relationships & attend market
  • Negotiate buying terms with vendors (price, margin, quantity, delivery terms)
  • Analyzing competitive pricing, product, presentation & timing
  • Attend trade shows & market appointments
  • Knowledgeable about the global customer, market & competitive landscape
  • Identify new business opportunities, including new brands & product development
  • Identify key opportunities to maximize sales & drive the process to meet financial objectives
  • Proactively motivate selling teams through the communication of product knowledge such as collection notes, training & selling events
  • Keep all cross-functional teams informed on performance, industry trends, new inventory & brand positioning
  • Manage & develop Merchandising Assistant

Who You Are

Minimum Experience:

  • 4+ years of experience as a Designer RTW Buyer in a multi-brand environment
  • 5+ years of retail experience

Industry Experience:

  • Understands the dynamics that are shaping the global luxury landscape
  • Luxury e-commerce experience is a strong asset
  • Demonstrated sense of fashion & strong knowledge of the Designer RTW market
  • High level of credibility & integrity, demonstrated through strong industry relationships

Specific Skill Requirements:

  • Strong understanding of Merchandising financials, retail math & the ability to manage profitability
  • Excellent organizational, presentation & communication skill
  • Ability to act as liaison & collaborate amongst many cross-functional departments within the company
  • Proficient in Word & Excel

Educational Requirements:

  • Bachelors Degree

Bonus Points

  • Proven experience working dynamic, high-growth environment environment
  • Detail oriented & able to multi-task
  • Extremely well organized, methodical & efficient
  • Good business judgement, ability to identify trends, & demonstrated decision making skill
  • Strong networking, presentation & writing skills

The job description is to be used merely as a guide of expectations rather than an exhaustive list of all duties & competencies. All requirements & skills are subject to change as business needs evolve.

 
 
 
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