Overview
Assistant Buyer Jobs in Tsim Sha Tsui, Hong Kong SAR at Ralph Lauren
Title: Assistant Buyer
Company: Ralph Lauren
Location: Tsim Sha Tsui, Hong Kong SAR
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren’s reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company’s brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world’s most widely recognized families of consumer brands.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Support the development of the range within brand DNA and financial target:
Analyze past sales to support the development of the new season strategy
Work with division manager to determine the optimum way to invest OTB by class
Build the range based on past season best seller, full price trends & regional needs
Identify new opportunities and work with the Corporate merchandising & sourcing to include new product in the range
Work closely with the US & the EU teams to leverage on their buy strategy and their experience
Present the range to the management to validate the buy
Post-buy, develop and present a seasonal hand-off to communicate the seasonal strategy to the retail and visual merchandising team
Ensure Smooth And Timely Execution Of The Buy
Upon range confirmation take the lead on buy execution
Determine pricing based on full price pricing structure
Analyze and determine size curve by market
Ensure orders are place accurately and on time
Manage relationship with the sourcing department
Manage business in season in collaboration with planning & allocation:
Track receipt to ensure that seasonal deliveries will arrive in the store on time
Produce and analyze selling reports and provide markdown recommendations
Present a business summary on a weekly basis to the Buying and Planning management to discuss key business highlights, risks and opportunities, product best and worst performance and propose any required action
Work with key partners to ensure the execution of the sales strategy
Work closely with the retail team in order to understand the business trends and customer expectations
Collaborate with visual merchandising team to build seasonal guidelines and ensure that the assortment is present on the floor as planned.
Work closely with planning team to build seasonal strategy, invest OTB and determine markdown and promotional strategy
Communicate with allocation to ensure assortment is delivered on time and that key items are always on the floor with sufficient depth
Experience, Skills & Knowledge
Strong analytical skills and ability to identify commercial opportunities based on analysis produced
Highly organized and the ability to prioritize team work schedule based on broader business requirements
Curious, willing to develop and solution-oriented
Computer proficient in Excel, Word and PowerPoint
Good communication skills both …
