Buyer - Off-Price (Hybrid)

Belk; Charlotte (NC); Hybrid; USD 90,000 - 180,000; Full time

Job summary

Belk seeks a Buyer for their Off-Price category, responsible for merchandising direction, purchasing, and vendor negotiation. Ideal candidates boast extensive retail experience and strong analytical skills, along with a Bachelor's degree. This hybrid role is key to driving sales and maximizing margins in outlet stores.

Qualifications

• 7-9 years retail experience required.
• 1-3 years retail buying experience required.
• Proficient in business-related software.

Responsibilities

• Develop and execute merchandise strategies.
• Analyze business for sales and inventory opportunities.
• Negotiate vendor costs and manage product placement.

Skills

Negotiation

Relationship Building

Analytical Skills

Communication Skills

Education

Bachelor's Degree

Tools

Microsoft Excel

Job description

Join to apply for the Buyer - Off-Price (Hybrid) role at Belk

Join to apply for the Buyer - Off-Price (Hybrid) role at Belk

Off-Price Buyers are responsible for the overall merchandising direction of a category or department(s) with the goal of meeting/ exceeding sales, margin and turn targets. Off-Price Buyers maintain a singular focus on the product, value, price, quality and the customer by incorporating competitive intelligence, customer insight, and business analysis. Off-Price Buyers are responsible for the purchase and negotiation of merchandise as well as the open to buy process. Off-Price Buyers partner with Planners to develop strategies to maximize business opportunities.

Essential Functions

• Develop and execute merchandise strategies and assortment plans, based on customer feedback and preferences, to deliver financial goals and business objectives while providing value, quality and on-brand merchandise for the outlet stores
• Analyzes business to the lowest level to identify opportunities in sales, inventory, and margin by store, department, and class
• Frequent vendor meetings and market trips to support reacting to business trends in a timely and efficient manner
• Creates all necessary analysis based on trends, events and other store related needs
• Works with Planner and Allocator during the planning process: in-season planning & revisions, assortment plans, store plans
• Identifies opportunities to improve overall plan quality
• Communicates effectively with all merchandising levels
• Communicates effectively with stores and internal cross-functional partners
• Builds and maintains strong relationships with vendor partners, while building a presence with new and existing vendors within the outlets and company
• Reacts to feedback based on store and customer needs
• Select merchandise; negotiate best costs and delivery of product
• Manage all aspects of product placement, marketing and any pricing related tasks
• Negotiate vendor allowances, returns, advertising co-op, and other terms as needed
• Identify business opportunities and risks in-season through analyzing sales performance and gathering marketplace information; implement strategies to ensure plans are achieved
• Build a high quality merchandising team by developing partnerships, leading, coaching and providing constructive feedback
• Leverages open-to-buy process to manage business in-season and maximize opportunities
• Travels to all necessary markets and store trips
• Ability to articulate and provide thought process behind solutions and strategic plans
• Identifying emerging trends and shopping competition and market regularly
• Lead, develop and manage Merchandise Assistant
  
  
  

Education

• Bachelor's Degree preferred
  
  
  

Experience

• 7-9 years retail experience required
• 1-3 years retail buying required
  
  
  

Knowledge, Skills And Abilities

• Strong negotiation skills
• Exceptional at relationship building and maintaining strong relationships
• Collaborative approach
• Proficient in business-related computer software (Microsoft Windows, Word, Excel)
• Excellent analytical and reasoning skills
• Clear retail math skills
• Maintains professionalism in work relationships and habits
• Demonstrates strong listening, written and oral communication skills
• Is multi-task oriented to meet deadlines.
• Possesses strong merchandising, product and marketing skills
  
  
  

Pay Range

$90K - $180K

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

#IND3

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Purchasing and Supply Chain

• Industries

  Retail

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