Merchandise Coordinator
3 weeks ago
We are seeking a highly skilled and motivated Assistant Buyer to join our team at Five Below. As an Assistant Buyer, you will play a key role in delivering the sales and profit plan for a specific area through the precise execution of a well-conceived merchandise strategy.
Key Responsibilities- Assortment Execution
- Run reports and analysis as needed for the Buying team in a timely and correct manner
- Work with the team to suggest newness to add freshness to the assortment
- Suggest category extensions/web growth initiatives to further category growth
- Purchase order management
- On-order and purchase order tracking
- Ensure successful preparation for styleouts and walkthrus
- Product Development
- Take ownership of sample management
- Aid in the development and assortment of specific classes and product lines to deliver trend-right merchandise
- Reviews packaging/verifies testing with compliance
- Creates product briefs when developing new items and works with PD to execute the item
- Executes Comp Shop recaps and analysis
- Market Skills and Awareness
- Represent Five Below with integrity
- Maintain awareness of trends from comp shopping, social media, trade shows, and market appointments
- Work with the Buyer to negotiate favorable costs, terms, and conditions with all vendors
- Systems and Processes
- Manages the PO entry and revision process from item creation to confirming the PO details with the vendor
- Follows up with cross-functional teams to ensure items and POs are being approved in a timely manner
- Utilizes BI Reporting and IP to analyze selling and create reports as needed
- Run and update ladder plans to provide framework for business insights
- Manage shipment tracking and communicate any issues between merch team, DC team, and vendors
- Facilitate process of MOS, Markdowns, RTVs, Attribute creation, deal pricing, marketing project requests, and chargebacks
- Communication
- Develop relationships with cross-functional teams such as finance, merch ops, allocation, planning, marketing, customer service, and supply chain
- Aid in the resolution and communication of issues and solutions at the DC, including overages, shortages, UPC discrepancies, and import order delays
- Maintains open communication with the vendor community on a daily or weekly basis
Requirements
- Bachelor's degree required
- Must possess a demonstrable knowledge of evolving trends
- Demonstrate willingness to learn and embrace all aspects of merchandising, including product development, planning, distribution, domestic, and overseas manufacturing
- Ability to absorb and learn in a quick-paced environment
- Ability to prioritize and deliver on deadlines
- Must have strong written, verbal, and computer skills
- Must be Philadelphia-based or willing to relocate to the Philadelphia area
What We Offer
Five Below is an Equal Opportunity Employer. We offer a dynamic and fast-paced work environment, opportunities for growth and development, and a competitive compensation package.
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