Buyer

2 months ago


Charleston, United States Palmetto Moon Full time
Job Details

Job Location
Corporate HQ - North Charleston, SC

Position Type
Full Time

Description

Palmetto Moon is a rapidly growing specialty apparel, accessories, home and gifts retailer celebrating the Southern lifestyle. A company that is Southern at heart, Palmetto Moon's focus is on relentless customer service and a premium assortment, with stores carrying countless affordable gifts and a wide selection of collegiate gear and lifestyle brands, including Vineyard Vines, YETI, Chubbies, Southern Marsh, Simply Southern, Hey Dude, Old Row, Costa, Rainbow Sandals and many more.

A Merchandise Buyer is responsible for selecting, purchasing, and managing inventory of clothing and related accessories for retail stores. They work to ensure that the products offered meet customer demand and align with the company's branding and financial goals.

Key Responsibilities:
  1. Product Selection:
    • Research and analyze market trends, customer preferences, and competitor activities to identify potential merchandise.
    • Select and purchase goods that meet the company's quality, style, and open to buy requirements.
    • Strong understanding of the target customer to ensure satisfaction and creation of successful assortment.
    • Partnership with vendors to create and develop product exclusive to Palmetto Moon
    • Identify key trends in new and existing markets
  2. Vendor Management:
    • Establish and maintain relationships with vendors and suppliers.
    • Negotiate terms, prices, and delivery schedules to ensure favorable deals that drive sales margin dollars and gross profit; maximize opportunity buys through volume discounts and off-price product
    • Monitor supplier performance and resolve any issues related to product quality, delivery, or pricing.
  3. Inventory Management:
    • Clear communication and partnership with department allocator to plan and manage inventory levels ensuring adequate stock while minimizing excess inventory.
    • Monitor sales performance of merchandise and adjust orders accordingly.
    • Develop precise forecasts by analyzing current trends and anticipating future events that will affect the business.
  4. Financial Oversight:
    • Manage open to buy budgets.
    • Analyze sales and profit margins to ensure financial goals are met.
  5. Collaboration:
    • Work closely with the visual merchandising, marketing, and e-commerce teams to ensure product alignment with promotional strategies and store displays.
    • Participate in merchandising planning meetings and contribute to seasonal planning and product launches.
  6. Trend Analysis:
    • Attend trade shows, fashion shows, and other industry events to stay updated on the latest trends.
    • Conduct regular market research to forecast upcoming trends and customer demands.
    • Analyze competitors' business and pricing strategies
  7. Compliance and Quality Control:
    • Ensure all purchased merchandise meets quality standards and complies with company policies and legal requirements.
    • Conduct regular quality checks and manage returns or exchanges with suppliers if necessary.
  8. Leadership Responsibilities:
    • Lead, mentor, and develop assistant buyers and support staff.
    • Provide training and guidance on best practices in purchasing, vendor relations, and inventory management.
    • Foster a collaborative and high-performance team environment.
    • Set clear goals and expectations for team members, and regularly review their performance.
    • Drive continuous improvement initiatives within the buying department.

Work Environment:
  • Typically based in an office setting with occasional travel to meet with suppliers, attend trade shows, and visit retail locations.
Qualifications

Skills and Qualifications:
  • Bachelor's degree in Fashion Merchandizing and/or 3-5 year of proven experience as a buyer in a similar role within the apparel industry
  • Strong analytical skills to assess market trends, sales data, and financial reports
  • Excellent negotiation skills to secure favorable terms and prices from suppliers
  • Strong interpersonal and communication skills to build and maintain supplier relationships
  • Ability to manage multiple tasks, prioritize, and meet deadlines
  • Eye for detail to ensure quality and compliance of goods and data entry
  • Ability to learn and effectively use inventory management software; proficiency in Excel and Microsoft Office Suite

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