Key Responsibilities:

Buying:

• Identify and select products that align with the brand’s aesthetic and customer preferences.
• Conduct market research to stay informed about fashion trends, customer needs, and competitive products.
• Negotiate with suppliers to secure the best prices, terms, and delivery schedules.
• Develop and maintain strong relationships with suppliers and vendors.
• Set sales projections and Open-to-Buy (OTB) budgets for each season.
• Monitor and manage the performance of the product assortment, making adjustments as needed.

Merchandising:

• Plan and execute merchandising strategies to maximize sales and profitability.
• Persuade cross-selling across merchandise categories to boost overall sales.
• Create visually appealing product displays and ensure that merchandise is presented in an attractive manner.
• Collaborate with marketing and sales teams to develop promotional strategies and campaigns.

Inventory Management:

• Monitor inventory levels and reorder products as necessary.
• Manage stock levels across multiple locations, including warehouses and retail stores.
• Implement inventory control measures to minimize shrinkage and maximize profitability.
• Coordinate with logistics and supply chain teams to ensure timely delivery of products.

Analysis and Reporting:

• Analyze weekly, monthly, and yearly sales reports to identify trends, opportunities, and areas for improvement.
• Provide insights and recommendations based on data analysis to inform buying and merchandising decisions.
• Monitor industry trends and market conditions to stay ahead of the competition.

Product Management:

• Coordinate with the merchandising team about OTB for each season to ensure that production meets buying targets.
• Plan merchandising and store distribution according to product ranges.
• Recommend best-selling and slow-selling styles to designers and the merchandising team to better meet customer needs.
• Analyze merchandise performance and take action on fast-moving and slow-moving items.

Qualifications:

Entry-Level:

• Bachelor’s degree in Fashion, Business, Merchandising, or a related field.
• 1-3 years of experience in buying and merchandising with basic understanding of buying and merchandising principles, preferably in the fashion retail industry.
• Strong analytical and numerical skills.
• Excellent communication and negotiation skills.
• Proficiency in Microsoft Office and basic knowledge of inventory management systems.
• Passion for fashion and current trends.