Overview
Buyer I Jobs in Dallas, TX at Signet Jewelers
Title: Buyer I
Company: Signet Jewelers
Location: Dallas, TX
Position Summary
The primary responsibility of the Buyer is to help develop merchandise assortments and strategies to drive profitable category sales and productivity, while ensuring product value, quality, and styling. The Buyer either directly manages a small category or assists a Sr. Buyer or above in managing a larger category. The Buyer holds a leadership role within the category management team (CMT). Working within the CMT, the Buyer partners closely with their manager to manage all aspects of assortment planning, selection, maintenance, and promotion, for designated product categories.
Major Responsibilities/Essential Functions:
Category Management
Give input as requested to set Strategic Vision for Category
Up-to-date knowledge of jewelry market trends and competitive strategies.
Ability to adjust quickly, if needed, to changing market trends, conditions, priorities, and corporate strategies.
Analyze and React to Business on a weekly basis
Participate in the development of financial plans and advertising/marketing plans for designated product categories.
Assist in all business reviews for all designated product categories to Leadership.
Oversee training and career development for Direct Reports / Team
Product Development
Develop, select, test, price and acquire quality merchandise consistent with consumer demand, and in keeping with strategic department goals and policies.
Develop new product concepts/brands for test market(s), with potential for expanded store roll out.
Active participant in Lifecycle Management from idea inception through Clearance and end of life.
Strategic handling of vendor base with ability to find and develop strong vendor partners.
Assortment / Inventory Management
Understand cost structure of product
Help plan and manage merchandising assortments for e-commerce/web sites.
Work with Inventory Analyst to ensure proper in-stock levels
Manage negotiations relating to the return of discontinued product(s) to appropriate supplier.
Negotiate annual purchasing agreement contracts with vendors
Collaboration
Coordinate efforts with the marketing, visual display and advertising departments to promote and market key items, programs/brands and categories.
Merchandise all marketing channel items for designated product categories. Present and justify all catalog/promotional items to merchandise directors and vice presidents.
Partner with Sourcing on factory selection and cost negotiation.
Participate in management of open-to-buy for assigned product categories with CMT and update as needed.
When applicable; work directly with Signet’s accounting department to ensure credits/aging are applied correctly.
Assist CMT with issues on vendor performance, including late orders and quality control issues.
Proofing of all advertising materials to ensure accuracy including catalogs, emails, web site, customer mailings, and in store signage.
Work in collaboration with Visual Merchandising team for in-store presentations (planograms).
Work cross-functionally with stores Ops team, VM, DC team and Planning on store test, Rollouts, RTV’s
Position Qualifications
Education Required:
Bachelor’s Degree in Fashion Merchandising or related field preferred
Required or Acceptable Job-Related Experience:
2+ years’ experience prior buying experience
Years of Job-Related Experience Required:
2+ years
Technical/Other Skills Required:
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