Buyer

MAJID AL FUTTAIM; Dubai; On-site; AED 60,000 - 120,000; Full time

Job summary

A leading retail conglomerate in Dubai is seeking a Buyer for its Lifestyle division. The Buyer will implement strategies to enhance product offerings and profitability, requiring a background in fashion retail and strong negotiation skills. Responsibilities include formulating buy strategies, managing stock, and collaborating with various teams. A Bachelor's degree in Business Management and 3-4 years of experience in buying and merchandising are required. This role offers the chance to shape product assortment to meet customer needs.

Qualifications

• 3-4 years of experience in Buying and Merchandising.
• Fashion retail background is mandatory.

Responsibilities

• Implement the buy strategy for assigned brand.
• Build product assortment that meets customer needs.
• Negotiate product pricing and payment terms.

Skills

Negotiation skills

Inventory management

Analytical skills

Brand perception understanding

Education

Bachelor’s Degree in Business Management or related field

Qualification in Retail Management

Job description

JOB TITLE

Buyer | Majid Al Futtaim LifeStyle | Buying

ROLE SUMMARY

The Buyer will be responsible for implementing the buy strategy for the assigned brand and building a product assortment that meets customer needs and drives the growth of the Majid Al Futtaim Lifestyle business. The Buyer will support the General Manager Merchandising in highlighting short and long-term strategic approaches, future growth opportunities, and areas of risk for the business with regards to product ranging, allocation, inventory, brand perception, pricing, and margin.

ROLE PROFILE

• Formulate a suitable buy strategy and plan in line with Brand and Majid Al Futtaim Lifestyle guidelines.
• Purchase commercial and profitable product ranges to maximize profitability and sales.
• Control all aspects of stock to minimize loss of sales and balance product mix through consistent and rigorous in season analyses.
• Negotiate product pricing, cost of shipment, payment terms, and intake margin with local vendors, taking into consideration business and cost effectiveness as the main consideration.
• Monitor brand performance, initiating corrective action where necessary to ensure operations are conducted within the agreed financial parameters.
• Deeply understand brand perception, product feedback, and product requests by regularly visiting stores and interacting with the store teams.
• Nurture a strong working relationship with the Planning, Finance, Digital, Logistics, and Operations teams to drive common business goals.

REQUIREMENTS

• A Bachelors’ Degree, preferably in Business Management, Marketing or related field.
• Qualification in Retail Management.3-4 years of experience in a Buying and Merchandising role.
• Fashion retail background is mandatory.