Retail Buyer

2 weeks ago

Sherwood Park, Canada L'OCA Full time

**Job Description**:
**Position Summary**

The Retail Buyer is responsible for selecting, purchasing, and managing a profitable assortment of merchandise aligned with company strategy. This role involves data-driven decision-making, supplier negotiations, forecasting, and collaboration with internal teams to ensure the right product mix is available at the right time and price.

**Key Responsibilities**
- ** Product Selection & Buying**
- Analyze market trends, customer demand, and past sales to identify products with strong sales potential.
- Select merchandise assortments aligned with brand positioning and target customer demographics.
- Attend trade shows, supplier meetings, and industry events to source products and stay ahead of trends.
- ** Vendor & Supplier Management**
- Identify, evaluate, and negotiate with vendors to secure optimal terms (pricing, delivery, payment, exclusivity).
- Maintain strong supplier relationships to improve reliability, resolve issues, and explore new opportunities.
- Ensure ethical sourcing and compliance with company standards.
- ** Inventory & Financial Management**
- Manage Open-to-Buy (OTB) budgets and purchasing plans.
- Monitor inventory levels, sell-through rates, markdowns, and returns to maintain healthy stock turnover.
- Collaborate with inventory planning and replenishment teams for accurate forecasting.
- ** Cross-functional Collaboration**
- Partner with Merchandising, Marketing, E-commerce, and Store Operations to ensure product launches and promotions align with strategy.
- Work closely with Visual Merchandising to ensure proper in-store presentation.
- ** Reporting & Analysis**
- Analyze sales reports and KPIs (e.g., GMROI, sell-through, weeks of supply) to inform buying decisions.
- Track and report on performance vs. plan, identifying wins and opportunities.

**Key Skills & Qualifications**
- Bachelor's degree in Business, Retail Management, or related field.
- 2-5 years of retail buying or merchandising experience.
- Strong negotiation, financial, and analytical skills.
- Proficiency in Excel and retail planning tools (e.g., ERP, PLM, demand forecasting systems).
- Excellent communication and relationship-building abilities.
- Passion for product and understanding of customer behavior.

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