Fashion Buyer at Ruff n Tumble

Market Research and Analysis:

• Conduct thorough market research to identify emerging fashion trends, competitor offerings, and consumer preferences.
• Analyze data from various sources, including sales reports, customer feedback, and industry reports, to gain insights into market dynamics and consumer behavior.

Product Selection and Assortment Planning:

• Collaborate with the Merchandising team to develop a product assortment plan based on market research findings and data analysis.
• Utilize data analytics to identify key product categories, styles, and pricing strategies that align with customer demand and company objectives.
• Monitor sales performance and adjust future buying decisions accordingly.

Supplier Management and Negotiation:

• Identify and establish relationships with new suppliers, negotiating favorable terms and conditions to maximize profitability.
• Regularly assess supplier performance based on quality, reliability, pricing, and delivery timelines.
• Analyze supplier data and trends to identify cost-saving opportunities and improve overall supply chain efficiency.

Inventory Management:

• Utilize data analytics to forecast demand, optimize inventory levels, and minimize stockouts or excess inventory.
• Collaborate with the Inventory Planning team to ensure accurate inventory replenishment, timely markdowns, and effective inventory turnover.
• Analyze historical sales data to identify slow-moving products and implement strategies to mitigate stock-related risks.

Pricing and Promotions:

• Analyze pricing strategies and competitor pricing data to determine optimal pricing for different product categories.
• Collaborate with the Marketing team to develop promotional campaigns and markdown strategies based on data insights.
• Monitor and evaluate the impact of pricing and promotional activities on sales performance and profitability.

Collaboration and Communication:

• Work closely with the Design and Product Development teams to provide input on product specifications, trends, and customer preferences.
• Collaborate with cross-functional teams, including Marketing, Sales, and Operations, to align buying decisions with overall business objectives.
• Communicate effectively with suppliers, internal teams, and stakeholders to ensure a smooth buying process and successful product launches.

Requirements:

• Bachelor's degree in Fashion Merchandising, Business Administration, or a related field.
• Proven experience as a Fashion Buyer with a focus on data analytics.
• Strong analytical skills and proficiency in data analysis tools and techniques.
• In-depth knowledge of fashion trends, consumer behavior, and the retail industry.
• Excellent negotiation, communication, and interpersonal skills.
• Ability to work in a fast-paced environment, prioritize tasks, and meet deadlines.
• Proficiency in using inventory management systems and Microsoft Excel.
• By combining your fashion expertise with data analytics knowledge, you will contribute to the company's success in staying ahead of industry trends, meeting customer expectations, and driving revenue growth.