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Merchandise Strategy Specialist

2 months ago

New York, New York, United States Macy's Full time

Position Overview

The Associate Buyer plays a pivotal role in enhancing Macy's market position by strategically sourcing products that drive sales and profitability across both physical stores and online platforms. This role involves close collaboration with established vendors to curate a unique assortment that resonates with our customers, while also exploring new vendor partnerships to meet evolving customer needs.

The ideal candidate is recognized as a trusted, collaborative leader who can effectively navigate complexities and drive results. This position requires a proactive approach to phasing out outdated practices that do not align with current business strategies, coupled with a visionary mindset to foster innovative solutions and prompt decision-making.

Key Responsibilities

  • Independently make purchasing decisions that align with customer demand, sales goals, and margin expectations.
  • Analyze the competitive landscape to identify opportunities that align with Macy's strategic objectives.
  • Conduct competitive analysis to address market challenges and provide insights for product development.
  • Support the Buying Director in optimizing in-season business through informed promotional strategies.
  • Prepare for market appointments with comprehensive assortment plans that reflect customer preferences.
  • Establish a clear vision for assortment-building in collaboration with Planning, Pricing, and other cross-functional teams.
  • Work with planning partners to develop and execute a cohesive assortment strategy.
  • Create a pre-season assortment vision that aligns with company priorities and insights from digital and planning counterparts.
  • Collaborate with Financial Planning to ensure financial targets are met in support of the assortment strategy.
  • Make informed in-season adjustments based on sales, margin, and turnover forecasts.
  • Assist in building seasonal strategy components alongside Financial Planning and the Buying Director.
  • Provide performance analysis to the Buying Director to guide in-season item-level adjustments.
  • Maintain industry connections to foster new business opportunities and innovative ideas.
  • Ensure timely communication with vendors regarding markdowns and align with Financial Planning for in-season adjustments.
  • Utilize data analytics to inform pricing strategies and ensure execution aligns with financial objectives.
  • Monitor discount rates and sales performance, making necessary adjustments to achieve financial goals.
  • Execute pricing strategies using dynamic recommendations and collaborate on markdown execution.

Essential Skills

  • Financial Acumen: Proficient in analyzing financial data to make strategic decisions.
  • Market Insight: Strong understanding of market trends and customer behavior.
  • Change Leadership: Ability to guide teams through transitions effectively.
  • Innovative Thinking: Forward-thinking mindset to drive transformative strategies.
  • Effective Communication: Clear and open communication style that fosters collaboration.
  • Growth Orientation: Commitment to personal and team development.
  • Strategic Planning: Experience in formulating strategies that support a curated assortment.
  • Collaborative Coordination: Ability to work closely with various departments for alignment.

Candidate Profile

  • Committed to diversity, inclusion, and respect in the workplace.
  • Bachelor's degree or equivalent experience in a related field, with a minimum of 3 years in a relevant role.
  • Ability to apply mathematical concepts to practical business situations.
  • Flexibility to adapt to changing schedules based on business needs.

Benefits

  • Inclusive and dynamic work environment.
  • Competitive compensation and equitable benefits.
  • Performance-based incentives and annual reviews.
  • Employee discounts on merchandise.
  • Comprehensive health and wellness benefits.
  • Retirement savings plan with matching contributions.
  • Access to mental health and legal/financial support.
  • Opportunities for continuous learning and career advancement.
  • Paid holidays and time off.
  • Tuition reimbursement and educational benefits.
  • Opportunities for community engagement and volunteerism.
  • Empowerment to make impactful contributions.