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Senior Merchandise Buyer

2 months ago


Indianapolis, Indiana, United States Lids Full time
About Our Company

Lids is a leading global retailer of licensed sports apparel and headwear, operating over 1,200 locations across North America, Europe, and Australia. Our company is committed to delivering high-quality products to sports fans and fashion enthusiasts alike.

We are a dynamic and expanding organization, with a strong focus on innovation and customer satisfaction. Our team is passionate about delivering exceptional products and experiences to our customers.

Job Summary

The Senior Buyer will be responsible for the purchase and promotion of all products for their department(s) of responsibility. The primary objective for this position is profitable sales and achievement of all departmental financial goals through proper product assortment.

This role will work closely with cross-functional teams to develop and implement product strategies, manage vendor relationships, and ensure timely and cost-effective delivery of products.

Key Responsibilities
  1. Product Development and Sourcing: Develop and manage the entire process and timeline for product development/selection through delivery, including communication and coordination with vendors, price negotiation to achieve maximum margin, sample approvals, and coordination with sourcing to ensure on-time delivery of quality merchandise.
  2. Category Management: Create seasonal assortments for the appropriate merchandise categories. Prepare and maintain assortment plans for all categories of responsibility.
  3. Vendor Management: Work with merchandising and sourcing teams to ensure appropriate planning, allocation, and order placement of specific categories.
  4. Market Research: Research the market regularly to understand the competitive landscape and brand opportunities by category.
  5. Product Presentations: Prepare and make seasonal product presentations regularly to a variety of internal and external audiences.
  6. Product Information: Compile and communicate product information to be used in direct-to-consumer marketing and operational vehicles.
Requirements

To be successful in this role, you will need:

  • Bachelor's degree in Merchandising or related field of study
  • 5+ years of related experience
  • Strong communication and presentation skills
  • Strong project management and negotiation skills
  • Strong knowledge of standard concepts, practices, and procedures of a merchandise buyer and product development
  • Ability to make sound decisions and rely on experience and judgment to plan and accomplish goals
Reports To

Director of Buying