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About this job

Job Summary:
The Assistant Buyer is an entry-level position within the Buying organization. This position performs the technical and mechanical (executional) aspects of the buying role and completes functions that contribute to the Buying Team's ability to achieve sales, gross margin, inventory, and turnover goals for assigned categories of merchandise while learning the long-range business strategy within the area of responsibility.

This position reports directly to a Buyer. The Assistant Buyer works closely with the buying and merchandising support teams in the execution of product selection, assortment planning, vendor communication, inventory productivity management, and marketing of specific lines/categories to significantly improve profitability and maximize shareholder value.

Job Duties/Responsibilities (included, but not limited to):
Financial Planning and Forecasting:
  • Generates weekly financial reports (sales, markdowns and receipt) and analyzes data to draw conclusions and provide recommendations to the team on opportunities to improve performance.
  • Generates reports to analyze item performance versus last year and competitors. Provides recommendations to the buyer for forecast estimates.

Product Selection and Assortment Planning:
  • Completes the new vendor setup by verifying and approving the required vendor documentation. Monitors and collects on the vendor allowance agreements for defects, markdowns, signage, etc.
  • Performs analysis required to assist in the development of the buy plan.
  • Actively maintains awareness of products, customer preferences, competitors to keep current on ways to better service customer in assigned categories.

Advertising:
  • Creates and manages the input of advertising plan: Coordination and setup of the ad program, proper setup and picturing of the item, obtains samples, communicates to the vendors, advertising team, and logistics team.
  • Monitors and maintains promotional performance and provides recommendations to Associate Buyers/Buyers based on analyzing and interpreting sales trends, reporting promotions by sales, gross margin by product/category and store to assist in future strategy and driving improved performance.

Inventory Productivity Management:
  • Establishes collaborative relationships with Inventory Management to ensure availability and the timely delivery of merchandise.
  • Determines product that needs to be marked down, builds a strategy, monitors performance of sell-thru during clearance cadence to determine timing of further reductions. Collects funding from vendors to offset margin loss.

Job Requirements:
  • Bachelor's degree from a four year college or university; or four years related experience and/ or training, or equivalent combination of education and experience, preferred
  • Minimum of 1 - 2 years of experience preferred; experience in retail a plus ( preferably with a mix of retail, buying, merchandising, planning and/or placement responsibilities)
  • Demonstrated leadership abilities and dedication to customer service
  • Strong analytical, problem solving, and business finance (retail math) skills
  • Highly organized with an impeccable skill to follow-through and follow-up
  • Highly effective written and verbal communication skills
  • Ability to thrive in a fast-paced environment; can balance multiple priorities
  • High focus on details to drive execution
  • Strong PC skills, Windows-based programs, particularly heavy Microsoft Excel and PowerPoint


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