Rationale:
Why this position matters to the company
To enhance the customer experience, to increase sales and profits and to champion Holt Renfrew as the employer of choice; the Buyer drives the timely sourcing of best available products to achieve and exceed sales and margin goals turnover; and develop Buying team members.
Job Activities:
What is expected from the position
1.
Leadership Accountabilities
Build and retain a high performing team that delivers the results and meets performance goals
Coach team on their professional and personal development
Continuously evaluate procedures within Buying office and provide/action recommendations for more effective business practices
Facilitate and lead change
2.
Merchandising/Business Management
Deliver planned sales and margin goals and drive all aspects of merchandising in collaboration with team management and the Fashion Office
Attend market shows as required to select and assemble collections and product assortments. Travel may include national and/or international markets
Buy product. Align the 'buy' to strategy - plan and select the range, type and quantity; decide on colour, size, price etc. and negotiate competitive bids to purchase within budgets and to drive profit.
Assess competitors, analyze buying patterns and predict future trends
Select reliable and quality vendors to source the best available products at the best possible terms
Responsible for managing, entering, and uploading purchase orders according to plan and forecast.
Manage open-to-buy to maximize business opportunities and inventory control
Ensure timely delivery of merchandise, initiate cancellations or negotiate discounts on late deliveries as appropriate
Manage inventory. Make timely profitability decisions; review existing inventory performance indicators and react quickly to change in demand, logistics and trends
Seek feedback from customers
Develop financial plans in partnership; prepare and present Seasonal Business Reviews
Be proficient on all merchant systems
3.
Vendor, Stores, Corporate Relationships
Maintain excellent vendor relations
Provide product and merchandise information, maintain regular communication and work co-operatively with the store team
Obtain feedback on how the m
arket responds to choices made and to market needs
Participate in promotional activities
Check store merchandise assortments, displays, stock levels as well as consult customers during peak selling times and key special events (PSN, Designer Trunk Shows/PA's)
4.
Marketing
Implement specific marketing plans for each department, based on advertising results and discussion with Marketing department and vendors, to maximize brand exposure and increase sales and profitability
Negotiate with vendors for marketing Co-Op, specialist program support, United Way and special events/personal appearances to reinforce HR Brand
Ensure advertised merchandise is adequately quantified and delivered and on time
Qualifications
All
Holt Renfrew team members:
1. You are customer focused
2. You are an information seeker and continuous learner
3. You communicate clearly
4. You are effective in building and sustaining relationships
5. You are able to leverage diversity
6. You are committed to the organization
To function well in
this position
:
7. You think strategically
8. You think analytically
12. You develop/coach/lead others
13. You are able to exert influence and have impact
16. You are concerned about order, quality and accuracy
19. You are flexible
24. You have business acumen
28. You are personally effective
Pre-requisites:
What experience or education you need to develop before you apply for the position.
Undergraduate degree, preferably in Business or Retail Management, or equivalent experience
3 years proven Buying experience, preferably in luxury retail
Sound knowledge of purchasing principles and practices / Retail Math
Proficiency with standard office systems
The statements above describe the general nature of the position. They are not intended to be an exhaustive list of all responsibilities, duties and skills.
Job
Buying Office
Holt Renfrew - 2 years ago
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