Senior Buyer

Shoppers Stop; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Shoppers Stop is seeking a Merchandising professional to contribute to the divisional Buying and Merchandising strategy and ensure alignment with orders and market trends.

You will collaborate with Designers, Marketing and QA to source the right products, price optimally, manage stock and promotions, and drive category growth across the fashion portfolio.

Responsibilities

• Contribute to divisional Buying and Merchandising strategy and work within it at all times.
• Work with merchandising team to ensure deliveries satisfy purchase orders.
• Identify future product offerings by researching customer trends and upcoming tech.
• Plan pricing strategies with marketing and management and negotiate with suppliers for optimal pricing.
• Develop and source the right product at the right time to meet customer needs.
• Maximize current sourcing channels and identify new opportunities.
• Support negotiations with supply base to achieve best costs and margins.
• Collaborate with Designers on styles, design research trips, fabric advice and move-on styles.
• Collaborate with Merchandising on stock, style options, quantities, promotions and markdowns.
• Monitor competitor activities via market research to track trends in color and fabric.
• Handle product presentation, packaging and development and promotional plans.
• Review and adjust season and weekly plans.
• Vendor identification and development and obtain range merchandise after negotiation.
• Work with Marketing and Design to develop Visual Merchandising promotions aligned with themes and launches.
• Ensure timely delivery of samples by vendors.
• Set quality standards with QA for merchandise.
• Reconcile to store plans and adjust departmental financial plans.
• Pursue and recover money from vendors due to penalties or markdowns.
• Regularly update front-end on key product benefits.

Skills

Sourcing

Merchandising

Vendor management

Negotiation

Market research

Job description

• To contribute to the development of the divisional Buying and Merchandising strategy and to work within this strategy at all times.
• To work with merchandising team to ensure that all deliveries satisfy the assigned purchase orders.
• Identify possible future product offerings by conducting thorough research about what customers are looking for next and the technological trends that are coming up.
• Plan pricing strategies on various product lines with the marketing department and management and aim to reach an agreement with suppliers that allow for optimal pricing.
• Developing and sourcing the right product at the right time to meet customer requirements
• Maximizing current sourcing channels and identifying new opportunities
• Supporting negotiations and working with supply base to ensure that best costs and margins are achieved
• Working closely with Designers on developing styles; design research trips, fabric & print advice and informing best sellers for move-on styles.
• Working closely with Merchandising; management of stock, style options, quantities, promotions and markdowns.
• Keeping a track of Competitors activities through market research activities to track understand trends, forecasting, in terms of color, fabric etc
• Product presentation, packaging and Product development and develop promotional plans
• Review and adjust the season plans and weekly plans
• Product presentation, packaging and Product development and develop promotional plans
• Vendor identification and development
• Obtaining Range merchandise after effective negotiation
• To work with Marketing and Design to develop Visual Merchandising promotions in line with theme and product launches
• Ensures timely delivery of samples by vendors
• Setting of standards for quality of merchandise with QA
• Reconcile to store plans and fix departmental financial plans
• Supporting negotiations and working with supply base to ensure that best costs and margins are achieved
• Working closely with Merchandising; management of stock, style options, quantities, promotions and markdowns.
• To conduct the annual review of supplier performance with QA.
• To pursue and recover all money due from vendors as a result of performance penalties or markdown and promotional contributions.
• To regularly update the front-end on key product benefits