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Merchandiser
Net-a-Porter
London, , United Kingdom
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Merchandiser - Established RTW
NET-A-PORTER was launched in June 2000 and has since successfully established itself as the world’s premier luxury online fashion retailer. With its acclaimed editorial format, express worldwide shipping to 170 countries, luxurious packaging and easy returns, NET-A-PORTER offers an unparalleled shopping experience.
NET-A-PORTER is the prominent retail brand from YOOX NET-A-PORTER GROUP, alongside MR PORTER, YOOX, THE OUTNET and the game-changing magazine, PORTER.
We are now seeking a Merchandiser to join the NET-A-PORTER Established RTW team.
Job Purpose:To support the Senior Merchandiser and Merchandising Manager in all aspects of the merchandising process to plan, forecast and trade a department, which ties in with the Net-A-Porter strategic direction, maximizing the profit opportunities for the company
Key Accountabilities:In addition to Net-A-Porter policies and procedures, key accountabilities include, but are not limited to:
Sales and Profit (35%)
• To work with Buying to plan by brand, category, price and size, the seasonal OTB and ensure it is monitored closely in season and comes within budget
• To work with the Buying team to establish a balanced range of merchandise suited to the customer profile of the company. Work together to make recommendations for changes and improvements to maximize sales potential and profit within the company
• To negotiate with suppliers in a tough but fair manner to secure exclusive ranges/brands and optimize the profit margin
• Ensure intake business margin is maintained and proactively improved season on season
• Manage WSSIs and create seasonal weekly forecasts which are in line with business KPIs
• Produce seasonal and ad hoc analysis that can be used to make strategic decisions within the Merchandising/Buying team and also throughout the business
Merchandise Management (20%)
• To monitor sell-through and deliveries of all vendors and take decisive action to deal with their performance
• Ensure department of responsibility’s sales, profit, spend, closing stocks are accurately reported to the business
• To be innovative and to be open to forecast upcoming trends and ensure that fashion moves on and changes
• To be familiar with both local and overseas market situations and trends
• Manage department markdowns, margins and closing stocks ensuring maximum profitability
Relationship Management (20%)
• To work closely with internal stakeholders to strive to improve and challenge existing processes
• To manage the business relationship with the suppliers involved in their department to maximize sales and profit
• To communicate accurate information to internal Sales and Marketing teams for use in the production of marketing plans
Team Leadership (25%)
• To demonstrate and reinforce the Net-A-Porter Vision and Values at all times and provide the necessary leadership to gain commitment from the Merchandising team (owning, retaining, and developing your talented team and business)
• To identify and execute ways to increase team member’s loyalty, satisfaction and pride with the Net-A-Porter experience
• To reinforce the company message to the team and reinforce the need to drive profitability at Net-A-Porter through the merchandise mix and full price sell through
• To provide on the job coaching to ensure that the direct reports are able to meet and exceed the requirements of the role
• To identify and facilitate opportunities for additional training for the team
• To monitor and review performance of direct reports, identify individuals who are ready for promotion or require performance improvement plans
• To take appropriate corrective action with team members who fall below standard (in consultation with HR Department)
• To complete and present performance appraisals based on defined goals and objectives for their team members in a timely manner
Essential Skills & Requirements
• A track record of creating positive impact on business through merchandising
• Good judgement and decision making skills
• Confidence in suggesting calculated risks
• Strong market and customer awareness
• Passionate about product, with good brand awareness
• Professional, with excellent communication skills
• Ability to meet stringent deadlines
• Confidence to deal with/present to colleagues at all levels of the business
Location: London, W12
Hours: 37.5 hours per week
To Apply: Please apply online with your CV and a supporting cover note explaining why you are suitable and interested in this opportunity.
YOOX NET-A-PORTER GROUP is an equal opportunities employer, if you require any reasonable adjustments to complete your application, please do not hesitate to advise us accordingly.
About Us:
YOOX NET-A-PORTER GROUP is the world’s leading online luxury fashion retailer. The Group is a Global company with Anglo-Italian roots, the result of a game-changing merger, which in October 2015, brought together YOOX GROUP and THE NET -A-PORTER GROUP; the two companies had revolutionized the luxury fashion industry since their birth in 2000.
YOOX NET-A-PORTER GROUP is a unique business with an unrivalled offering including multi-brand in-season online stores NET-A-PORTER and MR PORTER, and multi-brand off-season online stores YOOX and THE OUTNET, as well as numerous ONLINE FLAGSHIP STORES, all “Powered by YNAP”. Through a joint venture established in 2012, YOOX NET -A-PORTER GROUP has partnered with Kering to manage the ONLINE FLAGSHIP STORES of several of the French group's luxury brands.
Uniquely positioned in the high growth online luxury sector, YOOX NET-A-PORTER GROUP has an unrivalled client base of more than 2.5 million high-spending customers, 27 million monthly unique visitors worldwide and combined 2015 net revenues of €1.7 billion. The Group has offices and operations in the United States, Europe, Japan, China and Hong Kong and delivers to more than 180 countries around the world. YOOX NET-A-PORTER GROUP is listed on the Milan Stock Exchange as YNAP.
For further information: www.ynap.com