buyer - retail
Title posted on indeed.com -
Retail Boutique Buyer
Posted on
July 05, 2024
by
Employer details
LUX Incorporated
Job details
*THE COMPANY*
LUX Beauty is an award-winning wonderland of indie beauty brands, expert advice, and customer delight that lets your inner light shines through. Come discover all the reasons why we?re the place cosmetic junkies rejoice since 1999. Our boutique is located in beautiful High Street in Edmonton, Alberta and online at luxbeauty.com
*THE OPPORTUNITY*
We have an immediate opening for a *Retail Boutique Buyer* position! The Retail Boutique Buyer plans and manages the full breadth and depth of inventory each season to enable maximum sales and profitability. This role offers a hybrid work environment with the option to work primarily from home, flexible work hours, and a part-time schedule of 25 hours per week.
*THE RESPONSIBILITIES*
*Purchasing*
* Execute an optimized Open-to-Buy purchasing plan using department and brand performance data
* Place orders accurately and efficiently to maintain optimal stock breadth and depth
* Set optimal retail pricing based on financial inputs and objectives
* Schedule and authorize brokerage and deliveries
* Track delivery dates, stock discrepancies, exchange rates, landed costs and invoice payments
* Inform sales team of open orders, changes to inventory and expected arrival dates
* Administer stock swaps, credit notes, RTVs, end-of-season agreements, and inventory counts
* Pay vendor invoices according to schedule
* Instruct Receiving Specialist on weekly tasks
*Reporting*
* Maintain up-to-date open-to-buy spreadsheet across brands, departments and store
* Analyze stock, department and brand metrics to maximize inventory purchasing and financial results
* Share monthly department sell-through and stock performance with sales team
*Procurement*
* Acquire a comprehensive understanding of our market, competitors and core clients
* Research and assess new brand vendors, communicate partner expectations, and share performance results
* Negotiate and monitor vendor pricing, discounts, payment terms, exclusivity, co-op marketing, sales support and return to vendor agreements.
* Achieve targeted sales, margin and profit KPIs through judicious open-to-buy management
*Collaboration*
* Coordinate a cohesive seasonal merchandise mix based on market trends, client expectations, and company objectives.
* Strategize store performance and business objectives with management team
* Lead by example, representing LUX Beauty core values and brand
*Marketing*
* Collaborate with sales and merchandising team on content and balance of inventory
* Procure training and promotional support from vendors
* Implement incentive & markdown strategies
*THE COMPETENCIES*
* Experience in planning, allocation, or purchasing within retail industry
* Passion for beauty market trends and exemplary retailing
* Excellent planning and analytic abilities
* Pro-active organizational skills and results-oriented mindset
* Take pride in accountability, accuracy and achievement
* Demonstrable sense of urgency and initiative
* Strong communication and negotiation skills
* Ability to work autonomously while paying strong attention to detail
* High proficiency with Excel
* Familiarity with LightSpeed Point-of-Sale software a plus
* May involve an opportunity to travel to retail conferences in North America.
*THE COMPENSATION*
$25 per hour plus bonuses, product discounts, and Health Care Spending Account.
*THE KEY RELATIONSHIPS*
Reports to: CEO
Works closely with Vendors, Receiving Specialist, Boutique Leaders
*About LUX Beauty *
LUX Beauty is Canada?s original apothecary devoted to retailing selectively distributed cosmetic and beauty brands. Since opening in 1999, LUX has emphasized the shopping experience, deeply understanding that consumers are searching for more than just product. LUX anticipates and responds to clients? expectations, values, and unspoken needs through superior service and strategy. With a forward-thinking retail team, a sought-after product mix, and authentic connection with its clien
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LocationEdmonton, AB
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Salary$25.00HOUR hourly
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Terms of employment
Part time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
indeed.com
#9353935390
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