Retail Buying Specialist

1 day ago


Reston, Virginia, United States Lids Full time

About Our Company

Lids U is a leading provider of branded apparel, general merchandise, and hard goods to college bookstores across North America. Our mission is to deliver exceptional products and services that exceed our partners' expectations.

Job Summary

We are seeking a highly skilled and detail-oriented Retail Buying Specialist to join our fast-paced buying and merchandising team. As a key member of our team, you will be responsible for analyzing sales data, inventory levels, and market trends to make informed buying decisions that drive profitability.

Key Responsibilities

  • Analyze sales reports, inventory levels, and market trends to identify opportunities for growth and optimization.
  • Work closely with the senior merchandising team to develop and implement product allocation strategies that maximize profitability.
  • Establish and maintain a core vs. core never out strategy within the replenishment strategy at an individual location level.
  • Review and adjust replenishment at a location level to ensure maximum opportunities and minimal liabilities.
  • Maintain and update individual store level assortment plans.
  • Write purchase orders and manage product performance to achieve Lids U financial goals.
  • Develop strong working relationships with internal stakeholders, Barnes and Noble leadership, and university contacts.
  • Stay up-to-date on market trends and competitor activity to inform buying decisions.

Requirements

  • Bachelor's degree in Fashion/Apparel Merchandising or related field.
  • Minimum of two years direct-related retail buying or retail management experience.
  • High degree of proficiency in MS Excel, Outlook, and Internet applications.
  • Excellent analytical, problem-solving, decision-making, organizational, interpersonal, and math skills.
  • Strong, professional, and effective verbal and written communication skills.
  • Ability to foster a positive and motivating work environment, encourage feedback, and innovation.
  • Self-motivated with critical attention to detail and deadlines.
  • Ability to adapt well to change in direction and priority in a fast-paced and deadline-oriented environment.

Reports To

  • Buyer


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