Assistant Buyer (Home & Lifestyle)

Lane Crawford; Hong Kong; On-site; HKD 360,000 - 480,000; Full time

Benefits offered by this job

Staff sales

Lane Crawford Academy training

Education sponsorship

Wellbeing sessions

Job summary

Lane Crawford is seeking an Assistant Buyer to develop and manage seasonal merchandise, collaborating with buyers and brand partners to keep Lane Crawford as a top destination in Asia.

You will assist in achieving sales and profit targets, negotiate with suppliers, and optimize margins while leveraging omnichannel strategies and OTB controls to maximize store performance.

Qualifications

• Degree holder with 2+ years of buying experience in retail, preferably luxury fashion.
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Responsibilities

• Assist the buying team to achieve seasonal sales and profit targets.
• Negotiate with suppliers to secure exclusive ranges and optimise margins.
• Monitor detailed Open-to-Buy (OTB) system to balance stock and sales.
• Coordinate with stores to establish a balanced range suited to store customer profiles.
• Provide monthly updates on key costs and expenses related to buying.
• Drive omnichannel usage to boost online and offline sales.
• Identify value-added opportunities by understanding supplier costs and logistics.

Skills

Buying experience

Negotiation

Analytical thinking

Communication skills

Languages: English / Cantonese / Mand

Education

Bachelor's degree

Tools

Microsoft Office

Open to Buy system

Job description

Lane Crawford is an internationally renowned luxury department store with over 175 years of success, delivering an exceptional and eclectic product curation with dynamic Asian spirit and values.

As an Assistant Buyer, you will be our expert in developing and managing seasonal merchandise mixes and edits that are unparalleled in Asia. You will work collaboratively with our team of seasoned buyers and brand partners to ensure that Lane Crawford will always be the top-of-mind destination.

The Role

• Assist the buying team to achieve seasonal sales and profit targets based on the seasonal business plan
• Negotiate with suppliers in a tough but fair manner to secure exclusive ranges / brands and optimize the profit margin
• To be proactive in understanding the competition, and take action to minimize any loss of Lane Crawford market share
• Determine pricing strategies for products/suppliers based on market reviews, competitor positions, supplier financials, etc.
• To fully understand supplier cost structure and logistics costs. Able to identify value added opportunities for Lane Crawford as appropriate
• Provide monthly updates to relevant parties on key costs and expenses related to buying
• Ensure that staff are utilising Omni-channel technology to encourage customers to shop on and off line, maximizing sales at every opportunity
• Monitor closely on a detailed open to buy (OTB) system controlling sales and stock levels to maintain seasonal target
• Work with stores to establish a balanced range of merchandise suited to the customer profile of store. Work together to make recommendations for changes and improvements to maximize sales potential and profit within the store

The Ideal Candidate

• Degree holder with a minimum 2 years of buying experience in retail industry, preferably with luxury fashion experience
• Able to deal with principals and vendors effectively
• Proactive, figure sensitive and attentive to details
• Strong analytical ability with excellent negotiation and communication skills
• Excellent command in both written and spoken English, Cantonese and/Mandarin
• Proficient in all Microsoft applications
• Candidates with no buying experience will be considered as Merchandise Coordinator

At Lane Crawford we offer a range of attractive benefits that reflect the importance we place on the well-being of our people. For your personal development there is access to a variety of curated training programmes with Lane Crawford Academy and career development through training and education sponsorship. For your work life balance we offer leave benefits, including birthday, anniversary, exam and extended maternity/paternity. For your life at Lane Crawford you will have access to staff sales as well as the opportunity to participate in workout and wellbeing sessions with our in house team of experts.

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