Buyer
Company Description
Hudson’s Bay Company is one of the fastest-growing department store retailers in the world. In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Find @ Lord & Taylor, and Home Outfitters. In Europe, HBC’s banners include GALERIA Kaufhof (the largest department store group in Germany), Galeria INNO (Belgium’s only department store group), and Sportarena. At HBC we are a company of adventurers who explore uncharted territory, challenge convention, and work with imagination and fun.
Responsibilities:
Responsible for the financial accountability and growth of business for respective buying category
• Establish and maintain vendor relationships and attend buying trips
• Negotiate buying terms with vendors (price, quantity, and delivery terms)
• Manage inventory levels with input from Financial Planning team
•Develop financial plan for the vendor(s) (profitability targets, markup and receipt flow)
•Continually research and explore new trends in marketplace and category
•Establish cross-functional relationships in order to effectively grow and maintain business and financial expectations
•Lead and develop other members of the merchandising team
Qualifications Requirements:5-7 years buying experience•Strong understanding of merchandising financials, retail math and the ability to manage profitability•Successful experience in buying in multi brand, multi-vendor environment•Proven experience building profitable business in Beauty's category•Knowledge of Open-to-Buy process•Strong management and team building experience•Strong product sensibility and understanding of contemporary brands•Ability to analyze reports and draw conclusions/recommendations•Ability to remain flexible and willing to change strategies, as business needs dictate•Experience with Kid's apparel preferred•Ability to lead team effectively and create an exciting workplace