Buyer - Footwear
Holt Renfrew
Date: 7 hours ago
City: Toronto, ON
Contract type: Full time
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Holt Renfrew offers you an inspiring, fashion-driven environment with opportunities to learn and grow. From our incredible partnerships with iconic luxury brands, to our commitments to corporate social responsibility, you will be inspired every day.
A job at Holt Renfrew offers a competitive total compensation, a generous employee discount, pension, and health & dental benefits, tuition assistance, and continuous learning and development.
Buyer - Footwear
The Buyer drives the timely sourcing of best available products to achieve and exceed sales and margin goals.
Specific responsibilities include (but are not limited to) the following:
A job at Holt Renfrew offers a competitive total compensation, a generous employee discount, pension, and health & dental benefits, tuition assistance, and continuous learning and development.
Buyer - Footwear
The Buyer drives the timely sourcing of best available products to achieve and exceed sales and margin goals.
Specific responsibilities include (but are not limited to) the following:
- Build and retain a high performing team that delivers the results and meets performance goals
- Coach team on their professional and personal development
- Facilitate and lead change; continuously evaluate procedures within Buying office and provide/action recommendations for more effective business practices
- Attend market shows as required to select and assemble collections and product assortments. Travel may include national and/or international markets
- Buy product. Align the ‘buy’ to strategy - plan and select the range, type and quantity; decide on colour, size, price etc. and negotiate competitive bids to purchase within budgets and to drive profit
- Assess competitors, analyze buying patterns and predict future trends
- Select reliable and quality vendors to source the best available products at the best possible terms
- Responsible for managing, entering, and uploading purchase orders according to plan and forecast
- Manage open-to-buy to maximize business opportunities and inventory control
- Ensure timely delivery of merchandise, initiate cancellations or negotiate discounts on late deliveries as appropriate
- Manage inventory; make timely profitability decisions; review existing inventory performance indicators and react quickly to change in demand, logistics and trends
- Develop financial plans in partnership; prepare and present Seasonal Business Reviews
- Be proficient on all merchant systems
- Provide product information, maintain regular communication and work co-operatively with the store team
- Obtain feedback on how the market responds to choices made and to market needs; seek customer feedback
- Check store merchandise assortments, displays, stock levels as well as consult customers during peak selling times and key special events (PSN, Designer Trunk Shows/PA's)
- Implement specific marketing plans for each department, based on advertising results and discussion with Marketing department and vendors, to maximize brand exposure and increase sales and profitability; participate in promotional activities
- Negotiate with vendors for marketing Co-Op, specialist program support, United Way and special events/personal appearances to reinforce HR Brand; maintain excellent vendor relations
- Ensure advertised merchandise is adequately quantified and delivered and on time
- Lead, motivate, and retain a team of high performing employees that is capable of delivering results
- Undergraduate degree, preferably in Business or Retail Management, or equivalent experience
- 3 years proven Buying experience, preferably in luxury retail
- Sound knowledge of purchasing principles and practices / Retail Math
- Demonstrated leadership and influencing skills with the ability to get things done
- Excellent interpersonal skills; a team player who is able to act as both a leader and an individual contributor as required
- Confident and effective communication (written & verbal) and interpersonal skills
- Is adaptable and comfortable with ambiguity and change
- Highly service-oriented with exceptional organizational and follow up skills
- Passionate about fashion and luxury retailing
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
- Experience managing a $50M business in buying
- Experience managing a large number of vendors
- Contribution to financial objectives
- Individual objectives linked to the achievement of department goals
- Feedback from internal and external clients
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