Job description
Job Summary
Experienced Buyer, managing higher complexity luxury brands or portfolio. Using it’s in-depth knowledge to optimize Sell Trough Rates and grow the business.
Responsible for the selection on a Luxury Brand / Shop merchandise and it’s assortment. It will use quantitative information regarding Sales, Best Selling Items, Stock Coverage and others; alongside quality data as Fashion trends, cultural fit, general customer feedback to leverage seasonal sales.
In their endeavor to excellence, the fundamental values all our employees must possess are Commitment, Integrity, Empathy and Flexibility
PRE - BUYING
Analyzing specific country/shop market data regarding:
- Sales Turn Over
- Best Sellers
- Slow Movers
- Trends in Country
- Shop location & targeted customer
- Stock Coverage
Sales Target / Budget for specific shop / country
Prepares a pre-buying report
BUYING
Meets suppliers & negotiates Terms of Purchase
Consider in terms of buying
Fashion trends
- Culture
Gender
If applicable, review collection bought equate if any change can be incorporated in production : Size / length / Color
POST-BUYING
Build a Presentation of the Buying (itens acquired) for:
Informational Purposes for management (regional & country)
Training purposes for shops & shop staff
Presentation of the specific products
Present key brand recommendations
STOCK MANAGEMENT & OVERALL SELL THROUGH
Work together with Brand Analysts to Monitor the Sell Through Rate up to 60% Sell Trough (in terms of value vs seasonal merchandise) on a Region Level:
Act & Liaison with Brand Analysts for Recovery Plan if required
Work together with Brand Analyst to ensure Stock Management is up to par with Turn Over (turn over during 1 year, 120 days, 90 days)
SUPPLIER MANAGEMENT
Build & Maintain Vendor Relationship in a win/win measurement
Monitors Merchandise Shipment up to Shop Receives it.
BUDGET MANAGEMENT
Provides accurate input for budget preparation
ONGOING ACTIVITIES
Work together with Brand Analysts to ensure accurate Customer Profiling
Anticipates Future Trends
Monitors the Competition
Visit the shops (half a day / week) - visual checking
Act as Mentor & Coach for lower Level Buyers
Desired Skills and Experience
Ideal Profile
Education
University Degree in Business or Marketing
Previous Experience
3 - 5 years of relevant experience
GCC/MENA experience is a plus
Linguistic Skills
English
Arabic
French
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