Overview
Assistant Buyer- Beauty Jobs in New York, NY at Saks
Title: Assistant Buyer- Beauty
Company: Saks
Location: New York, NY
Salary Range $62,400 – $71,200*
Job DescriptionWho We Are:Saks is a world-renowned luxury ecommerce destination. The company’s unique approach combines a focus on the digital customer experience with a strong connection to a network of extraordinary stores that extends that seamless experience into the real world.
On its website and app, Saks offers an unparalleled selection of curated merchandise across fashion for women and men, beauty, jewelry, home décor and more. In addition to the shopping experience, customers come to Saks for inspiring editorial content, access to digital stylists, lifestyle experiences and other world-class services. The company is currently in the midst of a dramatic expansion, driven by significant enhancements to its platforms and offerings, with the goal of becoming the preeminent destination for luxury internationally.
Role SummaryThe Assistant Buyer is a motivated individual that will participate in vendor selections, and partnerships. The Assistant Buyer will assist in providing information for the monitoring of inventory productivity, and the analysis of vendor profitability while providing data and analysis for price changes, and assists in entering prices changes on line. (2)
Role DescriptionCore Merchandising Responsibilities:
Responsible for pre market analysis and attends market appointments
Write preliminary bulk orders and do a first pass of ad hoc allocation, participate in review with DMM
Responsible for checkbook management
Assists in managing the timely placement and maintenance of purchase orders
Executes pricing strategy based on promotion cadence
Project, recap, and manage receipts and communicate to vendors to ensure company sales plans and inventory targets are met
Builds and maintains ship sheets for monthly forecast
Pulls and reviews reporting as well as Identifies opportunities on weekly reports on business/inventory trend, class and price point analysis.
Assist with in-season management for the brand portfolio including dropship, re-orders, and markdown, negotiating RTV’s and swaps
Support in managing a portfolio of brands or has experienced ownership of category and/or area of the business.
Ability to identify slow sellers (propose RTVS, swaps) and best sellers (propose reorders)
Provides analysis to support the merchandise strategy and assists in product selection based on digital and store KPI’s
Assists in monitoring industry trends and evaluating competition
Assists in setting up new items in the database
Executes the Best/Worst Seller Review
Financial Planning And Markdowns
Recommends and communicates business opportunities and liabilities during OTB
Supports the markdown projection process and provides information for internal projection and vendor negotiation
Participates in the review of departmental topside financial plans
People Partnerships
Develops, maintains and manages new and existing vendor relationships
Partners with digital lifecycle team and Item Set Up team to ensure products are accurately added to the site
Partners with Bangalore Merchandising team to oversee item lifecycle from start to finish, and partner on RTV’s and pricing
Work cross functionally with Category Growth Pod counterparts/and marketing teams by reviewing assortment strategy, assisting in product pitches for marketing materials
Partner with Store Planning on allocation and QR orders
Key Qualifications
Manages ambiguit…
