Retail Purchasing Associate

1 week ago

Las Vegas, Nevada, United States WHSmith North America Full time

Company Overview:

WH Smith is a prominent global travel retailer, boasting over 1,700 locations across 30 countries. WHSmith North America, which includes Marshall Retail Group (MRG) and InMotion, constitutes a significant portion of the Company's international presence, featuring a diverse range of successful specialty retail outlets in airports and resorts throughout North America.

About Marshall Retail Group: We are dedicated to crafting unique shopping experiences that reflect the local culture and lifestyle of the communities we serve. InMotion Entertainment Group stands as the largest airport-based electronics retailer worldwide, providing travelers with access to the latest technology and lifestyle products, including headphones, mobile power solutions, Bluetooth speakers, and travel accessories.

Position Overview: The Retail Purchasing Associate plays a crucial role in curating and managing an optimal product assortment for our clientele, focusing on specific departments within a broader buying framework. This position involves analyzing market trends and collaborating with suppliers and the supervising Buyer to develop effective category and supplier strategies. The Associate is accountable for achieving sales, margin, and turnover objectives within their designated buying areas while supporting the Buyer with additional departmental requirements.

Key Responsibilities:

  • Formulate and implement merchandise assortment strategies to meet or surpass financial targets.
  • Oversee product development aligned with property brands, departments, and concepts.
  • Initiate purchase orders and manage product assortments across stores.
  • Collaborate with vendors to address purchase order discrepancies and compliance matters.
  • Work closely with the Planner to manage and adhere to the Open-to-Buy (OTB) budget.
  • Maintain effective communication and partnerships with the Buyer, Planner, Store Managers, Regional Managers, and colleagues.
  • Negotiate with suppliers to secure optimal terms for maximum margin outcomes, including supplier income and competitive pricing, as well as markdown and RTV agreements.
  • Conduct business analysis at various levels including division, department, class, subclass, attribute, and store.
  • Prepare for and participate in regular merchandising meetings such as Weekly Performance Meetings, Month-End Reviews, and New Store Reviews.
  • Visit retail locations to assess assortments, presentations, stock levels, and customer feedback, while also evaluating competitors for pricing and market trends.
  • Collaborate with the Planner to manage allocation, reorder processes, and product lifecycle, including promotions, markdowns, transfers, and RTVs.
  • Attend industry trade shows to discover new vendors, engage with existing partners, and identify emerging trends.

Qualifications:

  • Minimum of 2 years of experience in retail buying, preferably in logo, private label, or fashion sectors.
  • Bachelor's degree is preferred.
  • Strong understanding of assortment planning and commercial analysis.
  • Proficient in Microsoft Office Suite, particularly Excel.
  • Knowledge of retail mathematics.
  • Highly organized, detail-oriented, and possess strong time management skills.
  • Ability to take initiative and thrive in a fast-paced, dynamic environment.

Benefits:

  • Comprehensive Medical, Dental & Vision Insurance.
  • Complimentary Life Insurance.
  • Short- & Long-Term Disability Insurance.
  • Generous Paid Time Off.
  • 401k plan with company matching.
  • Exceptional Employee Discounts at all retail locations.
  • Opportunities for Career Advancement.

Diversity Commitment:

WH Smith North America is dedicated to fostering a diverse workforce. Qualified candidates will be considered without regard to race, color, religion, sexual orientation, national origin, age, gender identity, gender expression, military/veteran status, marital status, disability status, or any other legally protected status. At WH Smith North America, we value each individual's passion and skills, contributing to a dynamic and inclusive workplace.

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