Buyer - Diamonds

Bloomingdale's; New York (NY); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

401k

Medical insurance

Vision insurance

Dental insurance

Life insurance

Disability insurance

PTO accruals

Holidays

Job summary

Bloomingdale's in New York seeks a Buyer to elevate assortment, drive sales and profitability for an assigned area, collaborating with vendors to curate a distinctive selection and manage inventory and planning.

As a People Leader, you will mentor a team, analyze trends with Planning, own ROF projections, and strive to achieve gross margin and turn targets in a fast-paced retail environment.

Qualifications

• Bachelor's Degree from a 4-year college or university.
• Experience in a Merchandising Strategy/Buying role at a multi-location retailer. Direct experience in the category is a plus.
• Passionate about the Jewelry business and industry with an understanding of the Diamond market.

Responsibilities

• Set the vision for product category and determine in-season reaction to product performance; leverage analysis to determine quantity, styles, and reorder.
• Strategically plan, manage, and control inventory inclusive of the Rolling Operating Forecast (ROF) to maximize profits, optimize sales and margin.
• Negotiate with vendors for collection of Return to Vendor (RTV) and Mark Down Dollar Allowance (MDA) money.
• Reconcile projected Point of Sale (POS) and hardmarks.
• Perform other duties as assigned.

Skills

Merchandising Strategy

Vendor Negotiation

Leadership

Communication

Inventory Planning

Data Analysis

Education

Bachelor's Degree

Tools

MS Office

Job description

About

Bloomingdale's makes fashion personal and fun, aspirational yet approachable. Our mission is to guide and inspire our customers to make style a source of creative energy in their lives. We will always strive to make Bloomingdale's like no other store in the world. Everyone plays a critical role to bring our mission to life. Regardless of position, we believe all colleagues have a voice and access to share their thoughts with every level of leadership. Our colleagues are passionate, driven, entrepreneurial and collaborative. We welcome and embrace diversity of background, thought and opinion while having a lot of fun along the way.

Job Overview

As a Buyer, you will elevate Bloomingdale's competitive position by buying merchandise to drive sales and profitability across store and online for an assigned area of business. You will work closely with existing vendors to curate a distinguished Bloomingdale's assortment, as well as seek out new and differentiating vendors to satisfy our customer demand. The Buyer will focus on achieving sales, gross margin, and turn over objectives in your assigned area of the business. You will develop and implement strategies by vendor, collaborating with Planning to analyze and respond to sales trends. As a People Leader, you will inspire your team by fostering a culture of agility, and continuous learning.

Essential Functions

• Set the vision for product category and determine in-season reaction to product performance; leverage analysis to determine quantity, styles, and reorder
• Strategically plan, manage, and control inventory inclusive of the Rolling Operating Forecast (ROF) to maximize profits, optimize sales and margin
• Recommend major brand and classification strategies, prepare and present style-out to DMM
• Negotiate with vendors for collection of Return to Vendor (RTV) and Mark Down Dollar Allowance (MDA) money
• Reconcile projected Point of Sale (POS) and hardmarks
• Perform other duties as assigned

Qualifications and Competencies

• Bachelor's Degree from a 4-year college or university
• Experience in a Merchandising Strategy/Buying role at a multi-location retailer. Direct experience in the category is a plus.
• Passionate about the Jewelry business and industry with an understanding of the Diamond market.
• Practices open and continuous communication, values keeping others informed, effectively presenting information in a clear, concise manner
• Excellent leadership, facilitation, and interpersonal skills, with the ability to work across functional lines and at many levels
• Ability to think creatively, strategically and technically
• Ability to work a flexible schedule based on department and Company needs
• Knowledge of MS Office computer programs are required
• This role involves performing essential job functions such as communication, collaboration, and use of office and computer systems. Responsibilities include the ability to access and review written and electronic information, and to move within the work environment and interact with workplace materials as needed to carry out job responsibilities.
• This job description is not all inclusive; additionally, Macy's, Inc. reserves the right to amend this job description at any time.

Macy's, Inc. - including Macy's, Bloomingdale's, and Bluemercury - is an equal opportunity employer, committed to a diverse and inclusive work environment.

This position may be eligible for performance-based incentives/bonuses. Benefits include 401k, medical/vision/dental/life/disability insurance options, PTO accruals, Holidays, and more. Eligibility requirements may apply based on location, job level, classification, and length of employment. Additional benefit details are available at bloomingdalesJOBS.com.