Buying & Merchandising Manager
2 weeks ago
Brief Job SummaryRetail Buying & Merchandising is responsible for ensuring that the right number of products are available in Exclusive Brand Outlets (EBOs) as per season and are being sold at the right price.Merchandisers also assess the needs of individual stores and how they might differ based on factors such as store size and their target demographics.
Key DeliverablesWorking closely with inventory, sales and merchandisers to plan product rangesMeeting with suppliers, distributors, store personnel and analystsOTB Calculation & create appropriate buying plan as per seasonCreate option plan & depth analysisPlanning & predicting sales and profitsFormulate stock to Sale plan for a seasonAnalyze season sell through and take appropriate actionProvide range architecture for a specific season to product and designSetting stock promotions /price reductions as appropriate (liquidation)Evaluate, analyze and report on product and assortment matrix at store at store levelOptimize the inventory levels as per Annual Operating Plan by analyzing the category/brand business performanceAssessing sales performance of different product ranges & categories and take corrective actions as necessary.Making presentations to the board as required
EducationGraduate / Masters in Fashion from NIFT is desiredMinimum 6 to 8 years of experience in retail buying, category management & analyst role from men’s apparel/garments background
Critical SkillsExperience of Retail Merchandising & BuyingExceptional Advanced MS Excel skillsStrong aesthetics & commercial acumenCollaborative working relationships with cross functional partnersStakeholder managementPlanning and result orientationEffective communication and negotiation skillsStrong problem-solving and decision-making through data
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