In the role of Buying Manager for Hamleys, you will be responsible for providing strategic direction to multiple brands within a department store setting and working to exceed overall profitability targets. In addition, building and maintaining professional relationships and best working practices with vendors/brands.
As Buying Manager, your duties will include but will not be limited to:
Develop the overall buying strategy
Understand Hamley’s market position
Positioning of brand image strategy
Implement product & supplier strategies
Revise, finalize and communicate strategy by store to executive team.
Deliver the buying strategy and range planning
Decide key strategies to plan the range at Product, department, brand, Area level
Accountable for creating overall brand proposition
Review and determine supplier fit with overall strategy and optimum routes to market for each brand
Agree grow/hold/decline/exit strategies for each supplier/brand
Communicate trends to buyers/business at all levels and keep team updated regarding new trends
Select product range by brand in accordance to size curving and pricing architecture needs by store
Decide the brand matrix
Negotiate with vendors and implement favorable trading terms
Review and sign off all assortment plans and brand builds
Attend trade show and suppliers
Create and present range and OTB plans overall for the store seasonally
Deliver accurate hierarchy of assortment by department and area
Create trend and creative direction reflective of each market by season.
Ensure all buys have sufficient depth of key sizes by season and pricing architecture is competitive in the market place.
Implement and deliver favorable and consistent vendor trading terms.
Create a seasonal buying strategy by store/market to be presented and approved
Implement and deliver business plans by brand and against planned target
Store Planning – new stores, modernization & cost efficient refurbishment
Allocate brands by department, brand and fixture.
Oversee all negotiations of brands into store.
Identify opportunities of change to brand/space allocation and finalize proposition
Undertake post implementation reviews
Oversee brand performance by store, department, brand, area and fixture level
Deliver department/brand sales and profit parameters to plan
Deliver the OTB plan/forecast topline and by store.
Deliver brand intake margin to plan
Gather competitor data and review competitor activity
Organize and communicate product knowledge to stores
Attend regular review meetings with suppliers
Negotiate trading terms with all suppliers
Lead Buyers in managing buying disputes with suppliers
Conduct store visits
WHAT WE ARE LOOKING FOR
Degree in a commerce discipline or equivalent
Minimum 5 years work experience in a Buying profile
Advanced skills in Microsoft Office Suites
Strong technical accounting skills
Effective communications skills at all levels internally and externally
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