Watch Merchandise Buyer
Watch Merchandise Buyer
POSITION SUMMARY:
This position will be responsible for growing and executing a strategy for product assortment that supports the company’s sales and financial objectives in the Watch area and Pre Owned Watch businesses working with the core brands of the watch department in traditional and outlet channels as well as ecommerce. This position will collaborate and manage our vendor relationships for the watch and preowned watch category of business. This position works with internal partners in Marketing and eCommerce to support the growth strategies.
PRINCIPAL ACCOUNTABILITIES:
SUPERVISORY RESPONSIBILITIES:
This position will have direct reports and be responsible for the following:
QUALIFICATIONS:
COMPETENCIES:
Analytical Thinking, Business Knowledge, Communication, Customer Service Orientation, Integrity, Personal Accountability, Teamwork and Cooperation.
This position will be responsible for growing and executing a strategy for product assortment that supports the company’s sales and financial objectives in the Watch area and Pre Owned Watch businesses working with the core brands of the watch department in traditional and outlet channels as well as ecommerce. This position will collaborate and manage our vendor relationships for the watch and preowned watch category of business. This position works with internal partners in Marketing and eCommerce to support the growth strategies.
PRINCIPAL ACCOUNTABILITIES:
- Manage existing business, traditional in traditional and Outlet
- Identify areas of growth through brands, price points, and assortment optimization in stores
- Utilize AP to manage and drive store assortments
- Ensure Type Codes are accurate and remain current
- Manage, report on and deliver identified strategic KPI’s, including the following:
- Improve GMROI by 10% from .57 to .63
- Improve GM$ per LF by 10% from $3,804 to $4,184
- Identify areas of growth through brands, price points, and assortment optimization in stores
- Define a Rolex strategy with KPI’s for in store growth
- Identify existing and new store opportunities
- Work with Ecom (based on strategy) to re-launch online
- Create an assortment based on strategy
- Manage and report accordingly based on KPI’s
- Create an online strategy for significant growth:
- Including long, mid and short term strategy with complete roadmap, cross functionally
- Build a 5 year cross functional financial plan for Ecom growth
- Identify New Brand opportunities
- Identify product extensions based on existing brands
- Create assortments based on KPI’s for each brand
- Define drop ship vs owned opportunities
- Work with cross functional teams to create work flow and execution such as the Ecom, brand and performance marketing teams
- Including long, mid and short term strategy with complete roadmap, cross functionally
- Manage and develop team, including the VMA and AB
- Provide mentoring, development and consistent feedback
- Foster a positive work environment with inclusion and active participation
- Work closely with suppliers to help advise on assortment opportunities, areas of growth, drop ship:
- Create a supplier visit and/or travel schedule to maintain frequent collaboration
- Work with suppliers to collect assets and product information which will help to support training, and online presentations.
SUPERVISORY RESPONSIBILITIES:
This position will have direct reports and be responsible for the following:
- Accomplish department objectives by directing and monitoring the work progress of direct reports.
- Provide coaching and guidance to direct reports.
- Set expectations, annual goals and provide required quarterly touch base meetings with all direct reports.
QUALIFICATIONS:
- Bachelor’s degree in business, retail management or related field.
- Eight to ten years of merchandise management experience to include product planning and forecasting, vendor negotiations, pricing analysis and inventory control required.
- Advanced jewelry knowledge.
- Demonstrated knowledge of core buying skills required, including ability to identify trends and appropriate product, and direct new product development.
- Demonstrated vendor negotiation experience and project management skills required.
- Multichannel experience preferred.
- Highly effective written and verbal communication skills required, along with strong organizational skills. Strong store communication and interaction is integral to the position.
- Strong computer skills required, including Word and Excel.
- Flexibility and adaptability to changing business strategies and direction a must, along with demonstrated product knowledge and taste level. Brand experience is a plus.
- Hybrid schedule with predictable onsite attendance required three or more days per week to perform essential functions involving interactive behaviors with co-workers and managers, operation or manipulation of equipment and/or materials located only on site, and direct interaction with internal and/or external customers.
COMPETENCIES:
Analytical Thinking, Business Knowledge, Communication, Customer Service Orientation, Integrity, Personal Accountability, Teamwork and Cooperation.