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Buyer (Remote)

4 weeks ago

Charlotte, United States Belk, Inc. & Belk eCommerce LLC Full time

Buyers are responsible for the overall merchandising direction of a category or department(s) with the goal of meeting/ exceeding sales, margin and turn targets. Buyers maintain a singular focus on the product and customer by incorporating competitive intelligence, customer insight, and business analysis. Buyers are responsible for the purchase and negotiation of merchandise as well as the open to buy process. Buyers partner with Planners to develop strategies to maximize business opportunities.

  • Develop and execute merchandise strategies and assortment plans, based on customer feedback and preferences, to deliver financial goals and business objectives
  • Analyzes business to the lowest level to identify opportunities in sales, inventory, and margin by store, department, and class
  • Reacts to business trends in a timely and efficient manner
  • Creates all necessary analysis based on trends
  • Works with Planner and Allocator during the planning process: in-season planning & revisions, assortment plans, store plans
  • Identifies opportunities to improve overall plan quality
  • Communicates effectively with all merchandising levels
  • Communicates effectively with stores and vendors
  • Reacts to feedback based on store and customer needs
  • Build and maintain strong partnerships with vendors and cross-functionally at Belk
  • Select merchandise; negotiate best costs and delivery of product
  • Manage all aspects of product placement, marketing and pricing/markdowns
  • Negotiate vendor allowances, returns, advertising co-op, and other terms as needed
  • Identify business opportunities and risks in-season through analyzing sales performance and gathering marketplace information; implement strategies to ensure plans are achieved
  • Partner with Advertising and DMM to develop promotional strategies and identify key items or classifications that drive profitable sales and communicate compelling messages to customers
  • Build a high quality merchandising team by developing partnerships, leading, coaching and providing constructive feedback
  • Leverages open-to-buy process to manage business in-season and maximize opportunities
  • Travels to all necessary markets and store trips
  • Ability to articulate and provide thought process behind solutions and strategic plans
  • Identifying emerging trends and shopping competition and market regularly
Education
  • Bachelor's degree preferred
  • 2-3 years of retail buying experience required


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