Buyer

Al Tayer Insignia; United Arab Emirates; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player in luxury retail is seeking a dynamic Buyer for department stores to lead the Kidswear category across multiple luxury brands. This role involves strategic planning, market analysis, and supplier negotiations to create a compelling product range that meets customer needs. The ideal candidate will exhibit strong leadership skills, a passion for luxury retail, and a commitment to enhancing the shopping experience. Join a forward-thinking company that values creativity and innovation in a vibrant retail environment.

Qualifications

• Experience in retail buying or merchandising, particularly in luxury brands.
• Strong analytical skills to assess market trends and consumer preferences.

Responsibilities

• Develop and implement buying strategies to optimize product selection.
• Negotiate with suppliers and manage stock levels based on consumer demand.

Skills

Market Analysis

Purchasing Strategy

Supplier Negotiation

Stock Management

Team Leadership

Education

Bachelor's Degree in Business or related field

Job description

ABOUT US

As a leader in luxury retail in the Middle East, Al Tayer Group's retail division, Al Tayer Insignia, hosts a portfolio of some of the world's best luxury brands in the fashion, jewellery, home, and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion, and Hospitality sectors. Our brands include Bloomingdales, Harvey Nichols, and Armani, to name just a few!

ABOUT THE ROLE

The Buyer for department stores will be responsible for the Kidswear category across our multi-luxury brands in the region. This person is directly responsible for the buy strategy to plan, project, and identify the requirements of the products, purchasing the required quantities that meet customer needs, thereby maximizing profits and providing a commercially viable range of products. This role demands enthusiasm, energy, and a commitment to create an unparalleled shopping experience.

WHAT YOU'LL BE DOING

Strategic Roles And Responsibilities:

• Analyze market trends, consumer preferences, sell-through, seasonal demands, etc., to formulate a buying practice in line with consumer/store demands.

Functional Roles And Responsibilities:

• Plan and select the range, type, quality, and quantity of merchandise according to customer demand, trends, store policies, and set prices and sell-through targets in conjunction with the Division Merchandise Manager/GMM to ensure they are in line with the budget.
• Carry out purchasing activities in line with the brand purchase plans.
• Keep abreast of market trends and awareness of competitor activities.
• Maintain profitable relationships with existing suppliers/principals and monitor adherence to contract terms.
• Monitor stock levels in stores; coordinate with the planning team to maintain optimal stock levels according to consumer demand.
• Support promotional activities in the store and ensure merchandise is available in time and in the right quantities. Receive and analyze reports on activities and provide recommendations to the DMM when required.
• Support PR and Marketing teams by guiding and validating product selection for planned campaigns.
• Negotiate with suppliers on training provisions for concerned products. Manage brand training for staff to ensure product knowledge is up-to-date and staff are knowledgeable on new products/trends. Prepare and deliver regular trend training to business units.
• Review buying feedback reports and monitor weekly sales performance against targets, providing recommendations to the DMM on buying strategies for respective brands.
• Prepare periodic reports analyzing sales turnover and consumer trends per product, and propose actions to maintain, liquidate, or discontinue stock in collaboration with Planning and/or continue/discontinue product lines.
• Conduct regular store visits across markets to review brand performance and competitor activities.

People Management Roles and Responsibilities:

• Provide leadership and direction to subordinates to achieve goals and objectives.
• Guide and motivate team members to enhance performance, produce quality work, and develop for higher roles.