The Role
Salary: AED 30,000
A leading luxury retailer is keen to hire a Senior Buyer to plan, project and identify the requirements of the products, purchasing the required quantities which meets customer needs thereby maximizing profits and providing a commercially viable range of products.
Responsibilities:
• Analyze market trends, consumer preferences, sell through, seasonal demands etc to formulate a buying practice in line with consumer / store demands.
• Plan and select the range, type, quality and quantity of merchandise according to customer demand, trends, store policies and set prices and sell through targets in conjunction with the Division Merchandise Manager / GMM to ensure they are in line with the budget.
• Carry out purchasing activities in line with the brand purchase plans.
• Maintain profitable relationships with existing suppliers / principals, and monitor the adherence to the contract terms.
• Monitor the stock levels in the stores; coordinate with planning team to maintain optimal stock levels in line with the consumer demand.
• Support the promotional activities in the store and ensure the merchandise is available in time and in right quantities. Receive and analyse reports on the activities and provide recommendations to the DMM when required.
• Support PR and Marketing teams by guiding and validating the selection of products to be included in planned campaign.
• Keep abreast of market trends and awareness of competitor activities.
• Negotiate with suppliers on provision of training for the concerned product. Manage the brand training of staff in the area to ensure that the product knowledge is up to date and that all staff are knowledgeable on new products / trends. Prepare regular trends training and deliver to the business units.
• Review buying feedback reports and monitor sales performance on weekly basis against set targets and provide recommendations to DMM as to buying strategy for a respective brand.
• Prepare periodic reports both for the business and as requested by principals analysing the sale turnover and consumer trends per product to arrive at a proposal to maintain / liquidate / dispose of the stocks in conjunction with Planning and / or continue / discontinue product lines.
• Conduct regular store visits in all markets to review brand performance and competitor activities.
• Provide leadership and direction to subordinates towards the achievement of goals and objectives
Requirements
The successful candidates will have:
• Proven track record in the field of Buying & Retailing. It is essential that this experience is specifically within Beauty.
• Buying experience and expertise typically gained over a period of at least 5-8 years.
• Good knowledge and experience in the (related) industry through work experience with international brands.
• Excellent planning, financial, communication and interpersonal skills. Keen to travel & develop network of professional & business relationships.
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