BUYING MANAGEMENT
· Build appropriate merchandise assortments for assigned brands that achieves planned KPIs, including profit, sell-through, margins, inventory turn, cover, rate of sale, etc.
· Manage Open-to-Buy (OTB) to ensure sales, margins, turns and profitability are within plan.
· Create commercially successful ranges and maximize sales.
· Develops and builds pre-season style plans and recommends investment quantities in line with commercial plan and financial goals
· Creatively plan profitable product assortments to drive growth in each marketplace.
· Set the OTB budgets with the finance and merchant teams.
· Achieve sales margins and sell through rates as set by the business.
· Leverage problem solving and buying skills to develop merchandise strategies that deliver profitable sales for the division while upholding brand and corporate identity.
· Work collaboratively with heads of departments and directors to influence strategy.
· Work cross functionally with merchandising, marketing, buying and brand teams.
· Provide store training on seasonal merchandise and prepare presentation packs to support sales staff in launches, pre-selling, trunk shows, campaigns and special orders as applicable.
HOST BRAND MANAGEMENT
· Build and maintain productive relationships with brands and suppliers.
· Review supply strategy and maintain strong communication with host brands.
· Analyze vendor performance and independently negotiate all aspects of profitability including RTVs (Return to Vendor) and off-price buys to maintain profitability and margin expectations.
STOCK MANAGEMENT
· Monitor stock levels and maintain in line with targets.
· Monitor aged stock without compromising brand image in coordination with Brand and B&M Team.
· Collaborate with Merchandise team on product flow, inventory management, allocation and distribution at department, business and store level.
· Able to understand sales trend and their implication for inventory investment range-building and stock allocation.
reporting, RESEARCH and DATA analytics
· Analyze sales data, acting quickly to identify and introduce changes.
· Run weekly sales analysis on product performance to identify best/worst performers and recommend effective courses of action to maximize sales without compromising margins.
· Communicate and report all relevant trading information to Head of Buying and Merchandise.
· Provide assistance to Buying Team and prepare Ad Hoc reports as needed.
· Create retrospective Reports and SWOT analysis on previous seasons to forecast future buys.
Job Details
| Posted Date: | 2019-11-12 |
| Job Location: | Kuwait |
| Job Role: | Beauty and Fashion |
| Company Industry: | Fashion Design |
Preferred Candidate
| Career Level: | Mid Career |
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