Junior Merchandise Buyer
2 weeks ago
Company Overview:
WH Smith is a prominent global travel retailer with a vast network of over 1,700 outlets 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 stores situated in airports and resorts throughout North America.
About Marshall Retail Group: We are dedicated to crafting exceptional experiences for our customers by designing unique retail concepts that reflect the local culture, community, and lifestyle of the regions we serve. InMotion Entertainment Group stands as the largest electronics retailer in airport locations worldwide, providing travelers with access to the latest technology and lifestyle products, including a comprehensive selection of headphones, mobile power solutions, Bluetooth speakers, and travel accessories.
Position Overview: The Associate Buyer plays a crucial role in curating and managing an optimal product assortment for our clientele, overseeing specific departments within a broader buying framework. This position involves analyzing market trends to develop a suitable merchandise mix while collaborating with suppliers and the supervisory Buyer to establish category and supplier strategies. The Associate Buyer is accountable for achieving sales, margin, and turnover objectives for designated buying areas and will assist the Buyer with additional departmental requirements.
Key Responsibilities:
- Formulate and implement merchandise assortment strategies to meet or surpass financial targets.
- Engage in product development aligned with respective brand identities, departments, and concepts.
- Initiate purchase orders and oversee store assortments.
- Collaborate with vendors to address purchase order discrepancies and compliance challenges.
- Work alongside the Planner to manage and adhere to the Open-to-Buy (OTB) budget.
- Establish and maintain effective communication and partnerships with the Buyer, Planner, Store Managers, Regional Managers, and other colleagues.
- Negotiate with vendors to secure optimal terms for maximum margin outcomes, including supplier income and competitive pricing, as well as markdown and/or RTV agreements.
- Conduct business analysis at various levels including division, department, class, subclass, attribute, and store.
- Prepare for and actively participate in regular merchandising meetings such as Weekly Performance Meetings, Month-End Reviews, OTB meetings, and New Store Review meetings.
- Visit retail locations to assess assortments, presentations, stock levels, marketing efforts, and gather feedback from store personnel. Analyze competitors to evaluate pricing, assortments, and market trends for potential opportunities.
- Collaborate closely with the Planner to manage allocation, reorder processes, and product lifecycle, including promotions, markdowns, transfers, and RTVs.
- Regularly 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.
- Able 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.
- Exclusive Employee Discounts at all stores.
- Opportunities for Career Advancement.
Commitment to Diversity:
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 basis prohibited by law. At WH Smith North America, we value each individual's passion and skills, contributing to a dynamic and inclusive workplace.
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