Overview
Assistant Buyer – Bath Jobs in New York, NY at Macy’s
Title: Assistant Buyer – Bath
Company: Macy’s
Location: New York, NY
Bring Your Amazing Self to WorkAt Macy’s, Inc. we’re on a mission to create a brighter future with bold representation for all. This is our Mission Every One. We know that each person here is unique. So we respect and invest in each individual to create growth, pride, and satisfaction. If we are able to bring our whole selves to work, it translates into a more abundant and wider array of ideas and energy for all to benefit from. Our success will be built on amazing colleagues, working together.
Job OverviewThe Assistant Buyer supports the Buying team in driving sales, margin, turn, and growth by devising and recommending assortment strategies and supporting assortment optimization. This role demands strong business acumen and an understanding of Merchandising. It relies on translating product performance data into recommended advertising strategies and featured product selections to maximize Macy’s sales, inventory, and bottom line profitability in a changing retail environment.
Recognized as a trusted, collaborative, and results-oriented business partner, the Assistant Buyer excels at devising and recommending assortment strategies at department, class, and vendor levels.
What You Will Do
Contribute to in-season forecasting and Rolling Operating Forecast (ROF).
Collaborate weekly with the Financial Planning team to provide insights for forecasting.
Offer detailed performance analysis to the Buying Director to assist in making in-season item-level changes.
Maintain and update receipts on order for Return on Investment (ROI) and review them with the Buying Director.
Ensure orders align with financial plans and manage receipt flow to meet financial plan requirements.
Develop assortment strategies for key items with input from the Buying Director.
Monitor the performance of key items and provide recommendations to maximize sales revenue.
Participate in style out sessions to independently present assortments and recommend and execute assortment edits.
Develop purchase orders and collaborate with the Buying Director, Merchandise Planning, and vendors to secure merchandise.
Negotiate with vendors for adjustments in on-order quantities and ship dates, and resolve shipping issues while informing the Buying Director.
Serve as the primary contact with Vendor Community, Marketing, Visual, Stores, and Pricing teams.
Communicate with vendors to ensure timely collection of Markdown Allowance (MDA), markdowns, and Return to Vendor (RTV), and collaborate with Financial Planning to align with in-season Visual Merchandising and Trading (VMT) input.
Work with the Pricing team on pricing strategy and in-season adjustments.
Skills You Will Need
Business Acumen
: Strong understanding of business principles and the retail industry, with a focus on driving sales, margin, turn, and growth.
Merchandising Expertise
: Ability to devise and recommend assortment strategies and support assortment optimization, with knowledge of product performance data and its translation into advertising strategies and featured product selections.
Collaboration and Communication
: Recognized as a trusted and collaborative business partner, with excellent communication skills for effectively liaising with various teams and presenting information clearly and concisely.
Analytical Skills
: Capacity to think creatively, analytically, strategically, and technically to analyze performance data and make…
