Location: Remote (NYC) Type: Contract is Four Month (potential for FT hire) Hours: 20 Hours/Week Compensation: $2,700/month Currently reports to: CEO
What This Position Is All About Buyers are responsible for the overall merchandising direction of a category or department(s) with the goal of meeting/exceeding sales and margin targets. Buyers maintain a singular focus on the product and customer by incorporating competitive intelligence, customer insight, and business analysis into the buying process. Buyers are responsible for the purchase and negotiation of merchandise.
Who You Are
You get things done by engaging in high level teamwork and flexing your interpersonal skills
You are a respected and proven thought leader with a quantifiable track record of success in delivering results within a large complex organization.
A natural problem-solver, who is also intuitively analytical and creative
Self-starter and able to work and solve issues independently
You Also Have
BFA or BS in Fashion Merchandising, Business, or relevant experience
Must have 5 years of experience in a buying or merchandise planning capacity, overseeing both the creative and financial aspects of merchandising.
As The Buyer, You Will
Executes vendor selection and develops vendor partnerships.
Monitors industry trends, evaluates competition, and attends major markets. Executes the merchandise strategy, including product selection and product and key item development.
Conducts line reviews / style outs for management and staff. Ensures that new items are set up properly in the item database.
Ensures the dissemination of product knowledge to team members. Supervise the best / worst seller review.
Critiques sales unit performance analysis for opportunities.
Coordinates and conducts the merchandise hindsight.
Manages the development of the vendor / store matrix, and assists in coordinating store input for the matrix.
Approves departmental sales and average stock targets.
Executes the flow of the departmental topside plans by month.
Participates in the review of and approves departmental topside financial plans. Authorizes departmental store sales plans.
Participates in ensuring adherence to the company’s planning calendar.
Furnishes information for and participates in the financial business review.
Executes the development and maintenance of the PO log.
Manages the markdown projection process and the projection of vendor allowance.
Manages the negotiation and collection of vendor allowance.
Develops and executes aged inventory exit strategies.
Manages the monthly forecasting of sales and inventories through the OTB review process.
Evaluates vendor to store receipt flows, and actual to planned receipts.
Executes the monthly stock ledger review, and directs the purchase journal review process.
Manages the monitoring of inventory productivity, and analysis of vendor profitability.
Purchasing, Allocation, and Replenishment
Assists in analyzing class performance, planned class penetration, and average retail by class.
Manages the timely placement and maintenance of purchase orders.
Ensures assortment planning best practices and allocation strategies.
Executes and develops departmental strategies to achieve global replenishment targets (where applicable).
Prepares information to support micro merchandising strategies, and reviews with team.
Provides information for, reviews, and approves the assortment matrix and buy plan.
Evaluates and certifies case pack and order flow recommendations. Participates in weekly allocation strategy sessions. Reviews and approves store volume groups, allocation tables, and size grids.
Manages returns to vendors as negotiated and necessary.
Reviews identified distribution and vendor logistics opportunities.
Establishes replenishment strategies and reserves appropriate funding.
Identifies candidate items for replenishment.
Track incoming inventory and ensure the e-commerce team receives and properly processes incoming products by the agreed upon dates.
Work with the team to resolve any shipping or duty related issues or delays.
Pricing and Marketing
Plans and approves all advertising and marketing that will impact merchandising decisions
Establishes and approves pricing strategy. Evaluates target markup analysis and guidelines and applies appropriately to buying decisions. Recommends and approves item price changes, and ensures that prices changes are input in a timely manner. Evaluates financial impact of price changes.
Monitors style advertising effectiveness.
Oversees appropriate product ticketing. Support visual team in providing presentation guidance; this is inclusive of digital assets as well.
Recruit, interview, and oversee two interns seasonally.
Your Life And Career At The Folklore
Be part of a world-class startup team
Think and act like an owner- operator
Potential for a rewarding career advancement opportunities
A culture that promotes a healthy, fulfilling work/life balance
Flexible work schedule to include mostly remote
If you believe you are a great fit for this role, fill out the application listed on LinkedIn here.