Buyer - Off-Price (Hybrid) (NYC)
Belk
Off-Price Buyers are responsible for the overall merchandising direction of a category or department(s) with the goal of meeting/ exceeding sales, margin and turn targets. Off-Price Buyers maintain a singular focus on the product, value, price, quality and the customer by incorporating competitive intelligence, customer insight, and business analysis. Off-Price Buyers are responsible for the purchase and negotiation of merchandise as well as the open to buy process. Off-Price Buyers partner with Planners to develop strategies to maximize business opportunities.Essential FunctionsDevelop and execute merchandise strategies and assortment plans, based on customer feedback and preferences, to deliver financial goals and business objectives while providing value, quality and on-brand merchandise for the outlet storesAnalyzes business to the lowest level to identify opportunities in sales, inventory, and margin by store, department, and classFrequent vendor meetings and market trips to support reacting to business trends in a timely and efficient mannerCreates all necessary analysis based on trends, events and other store related needsWorks with Planner and Allocator during the planning process: in-season planning & revisions, assortment plans, store plansIdentifies opportunities to improve overall plan qualityCommunicates effectively with all merchandising levelsCommunicates effectively with stores and internal cross-functional partnersBuilds and maintains strong relationships with vendor partners, while building a presence with new and existing vendors within the outlets and companyReacts to feedback based on store and customer needsSelect merchandise; negotiate best costs and delivery of productManage all aspects of product placement, marketing and any pricing related tasksNegotiate vendor allowances, returns, advertising co-op, and other terms as neededIdentify business opportunities and risks in-season through analyzing sales performance and gathering marketplace information; implement strategies to ensure plans are achievedBuild a high quality merchandising team by developing partnerships, leading, coaching and providing constructive feedbackLeverages open-to-buy process to manage business in-season and maximize opportunitiesTravels to all necessary markets and store tripsAbility to articulate and provide thought process behind solutions and strategic plansIdentifying emerging trends and shopping competition and market regularlyLead, develop and manage Merchandise Assistant
Education
Bachelor's Degree preferredExperience
7-9 years retail experience required1-3 years retail buying requiredKnowledge, Skills and Abilities
Strong negotiation skillsExceptional at relationship building and maintaining strong relationshipsCollaborative approachProficient in business-related computer software (Microsoft Windows, Word, Excel)Excellent analytical and reasoning skillsClear retail math skillsMaintains professionalism in work relationships and habitsDemonstrates strong listening, written and oral communication skillsIs multi-task oriented to meet deadlines.Possesses strong merchandising, product and marketing skillsPay Range
$90K - $180K
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