Senior Buyer (1 year contract)

  • Company:
    Holt Renfrew
  • Location:
  • Salary:
    negotiable / monthly
  • Job type:
  • Posted:
    1 week ago
  • Category:
    Business / Mgmt

Senior Buyer (1 year contract) Location: Holt Renfrew – Toronto – Corporate Store Support Centre (60 Bloor Street West, Suite 1100) Department: Buying & Merchandising Cosmetic/Brand Line: Work Status: Full-Time # of openings: 1 Project #: 11845 Description At Holt Renfrew, our purpose is to inspire a life of style. We achieve this by living our Brand Spirit; demonstrating Holts’ values: Passion – Own it Excellence – Elevate every moment Warmth – Open to the world Unity – One team. One Holts The Senior Buyer increases sales, profits, and 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 The ideal candidate: A post-secondary Degree or Diploma preferably in Business, Retail Management, Fashion or equivalent 5+ years of proven Buying experience, preferably in luxury retail Sound knowledge of purchasing principles and practices/Retail Math Demonstrated ability to work effectively in a multi-task/fast paced environment Strong advanced PC skills, including use of Microsoft Excel, Word and PowerPoint a must The measures of success: Contribution to financial objectives Individual objectives linked to the achievement of department goals Feedback from internal and external clients