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Organization
Job Title
Assistant Buyer - Women's Denim, Casual, Separates
Location
New York, New York
Zip/Postal Code
10001
Country
United States
Region
NY Metro
Reference Number
1700084Q
Position type
Permanent
Category
Retail
Job Function
Buyer

Assistant Buyer - Women's Denim, Casual, Separates

Job Description

Merchandising

·         

Assists in vendor selection and in developing and maintaining strong vendor partnerships. Assists in monitoring industry trends and in evaluating competition, and attends major markets as feasible and necessary. Provides information for the development of the merchandise strategy, and assists in product selection and product and key item development as directed. Assists in conducting line reviews / style outs for management and staff. Assists in setting up new items in the item database. Ensures the dissemination of product knowledge to store associates. Executes the Best / Worst Seller Review. Develops sales unit performance reports. Aids in the preparation of and ensures merchandise samples are maintained accordingly.


Purchasing, Allocation, and Replenishment


Assists in analyzing class performance, planned class penetration, and average retail by class. Assists in managing the timely placement and maintenance of purchase orders. Assists in providing analysis to support micro-merchandising strategies. Participates in weekly allocation strategy sessions and assists with allocations when needed.  Assists in merchandise transfer initiation. Executes returns to vendors as negotiated and necessary. Assists in providing feedback for space strategies (fixture /square footage). Ensures the resolution of data integrity (on hand) issues. Provides information for identification of distribution and vendor logistics opportunities. Aid in providing systems (STARS Planning / OTB/BW) expertise for other users. Provides information for coordinating systems (STARS planning/OTB/BW) enhancement requests.


Financial Planning

·        

     Provides information for the preliminary development of the vendor / store matrix.  Provides information for the flow of the departmental topside plans by month. Assists in providing analysis for and participates in the Business Review.


Open-to-Buy Monitoring

·         

      Assists in the development and maintenance of the PO checkbook. Assists in the bi-monthly forecasting of sales and inventories through the OTB review process. Executes the markdown projection process and provides information for the projection and negotiation of vendor allowance. Supports the development and execution of aged inventory exit strategies. Monitors vendor to store receipt flows, and actual to planned receipts. Manages the purchase journal review process. Assists in providing information for the monitoring of inventory productivity, and the analysis of vendor profitability. Monitors and evaluates the vendor received not ordered compliance report.


Pricing and Marketing

·         

      Provides data and analysis for price changes, and assists in entering price changes, on line, in a timely manner. Assists in providing information for the timely response to store visit notes. Ensures the communication of in-stock issues to stores. Manages product ticketing. Facilitates the issuance of store presentation guidance. Furnishes information to Price Management with regard to store communications on pricing issues.


People Development

·         

      Participates in training and development. Helps to develop and support a team environment, and participates in the team’s activities. Participates in the Performance Review, PDP, and Q12 Impact Plans. Participates in fostering job satisfaction and positive morale.

Qualifications

·         BA degree or commensurate retail experience

·         Minimum 1 year assistant buyer experience, or Saks Executive Training Program.

·         Sense of urgency, flexibility, ability to multi-task.

·         Strong interest in learning and applying retail math concepts, including elements of markup, margin planning, open to buy, and inventory productivity measures (WOS, T/O, GMROI

·         Strong written and oral communication skills.

·         Excellent computer skills including MS Word and Excel.