Buyer
Job Description
Al Tayer Insignia | Buyer Menswear
About Us
As a leader in luxury retail in the Middle East, Al Tayer Group&aposs retail division, Al Tayer Insignia, hosts a portfolio of some of the worlds best luxury brands in the fashion, jewellery, home, and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion and Hospitality sectors.Our brands include Bloomingdales, Harvey Nichols, Armani and newly added Gym Shark and The White Company, to name just a few!
About The Role
To plan, project and identify the requirements of the products across LuxuryMenswear in our Department Stores Bloomingdales and Harvey Nichols.
Purchasing the required quantities which meets customer needs thereby maximizing profits and providing a commercially viable range of products
What Youll Be Doing
Roles and Responsibilities
Analyze market trends, consumer preferences, sell through, seasonal demands etc to formulate a buying practice in line with consumer /store demands
Plan and select the range, type, quality and quantity of merchandise according to customer demand, trends, store policies and set prices and sell through targets in conjunction with the Division Merchandise Manager/GMM to ensure they are in line with the budget.
Carry out purchasing activities in line with the brand purchase plans.
Keep abreast of market trends and awareness of competitor activities.
Maintain profitable relationships with existing suppliers/principals and monitor the adherence to the contract terms.
Monitor the stock levels in the stores; coordinate with planning team to maintain optimal stock levels in line with the consumer demand.
Support the promotional activities in the store and ensure the merchandise is available in time and in right quantities. Receive and analyze reports on the activities and provide recommendations to the DMM when required.
Support PR and Marketing teams by guiding and validating the selection of products to be included in planned campaign.
Negotiate with suppliers on provision of training for the concerned product. Manage the brand training of staff in the area to ensure that the product knowledge is up to date and that all staff are knowledgeable on new products/trends. Prepare regular trends training and deliver to the business units.
Review buying feedback reports and monitor sales performance on weekly basis against set targets and provide recommendations to DMM as to buying strategy for a respective brand.
Prepare periodic reports both for the business and as requested by principals analyzing the sale turnover and consumer trends per product to arrive at a proposal to maintain/liquidate/dispose of the stocks in conjunction with Planning and/or continue/discontinue product lines.
Conduct regular store visits in all markets to review brand performance and competitor activities
People Management Roles and Responsibilities
Provide leadership and direction to subordinates towards the achievement of goals and objectives.
Guide and motivate subordinates to enhance performance and produce quality work, and ensure that they are continuously developed for higher level roles
About You
Previous experience as a Buyer across menswear- 8 years experience