Senior Buyer

2 weeks ago


New York County New York, United States SoulCycle Full time
Job Description

SoulCycle is hiring a Senior Buyer to support the SoulCycle business in regards to the development, merchandising, buying and inventory management of multiple product categories, helping to achieve both margin and sales goals within the department.

The ideal candidate will have a minimum of 8 years of experience in a buying office, be bright, energetic, detail-oriented, responsible and will perform their duties with dedication and commitment.  The responsibilities and duties of this position described here are representative of those a buyer must perform. This is not a comprehensive list and other duties may be assigned. 

ROLES AND RESPONSIBILITIES:

Execute and initiate seasonal strategies as determined by leadership team

Responsible for Merchandising line plan development

Work closely with the team while building the product assortment, provide prepared ideas and point of view on editing process

Gain a strong understanding of the SoulCycle customer: review new deliveries and sales, and communicate “learnings” back to the team

Competitive knowledge: understand and translate trends and nuances in lifestyle/fitness trends

Identify and research new suppliers/ factories/ markets to ensure new product needs are consistently met.  Constant monitoring and evaluation of vendor performance

Must have strong experience in garment costing; ability to negotiate these costs and comparing costs from style-style and vendor-vendor

Must have a strong understanding of the product develop life cycle -trims, lab dips s/o and hand feel approvals

Expertise in time and action calendars as it pertains to production and warehouse deliveries

Maintain buy plans to ensure accuracy, act as the point person for internal and cross functional teams

Respond to Marketing and PR requests and inquiries

Review historical performance at the category and key item level

Partner with Planning on the determination of receipt plans, margin and IMU goals, and flow strategies to drive assortment execution

Review with Planning the analysis of business by style, delivery and category to understand prior performance and develop future goals

Manage purchase order process. Maintain accurate receipts, selling and on order spreadsheets

Report on sales trend of business (best and slow sellers, style analysis, etc) to share with Retail Team and Executive Leadership team

Work with Marketing Team to develop email and social strategy for retail

Work with Directors of Retail to identify revenue driving opportunities from an assortment, studio allocation or private label perspective

Identify potential new streams for growth i.e. wholesale, pop ups


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