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Buyer
Saks Fifth Avenue
New York, NY, United States
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Job Description
Saks Fifth Avenue Buyer, Men's Tailored Collections, Swim & Active
Who We Are:
HBC is a diversified global retailer, focused on driving the performance of high quality stores and their all-channel offerings, growing through acquisitions, and unlocking the value of real estate holdings.
Founded in 1670, HBC is the oldest company in North America. Our portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 66,000 employees around the world.
Our leading banners across North America and Europe include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Galeria Kaufhof, the largest department store group in Germany, and Belgium’s only department store group Galeria INNO.
We have significant investments in real estate joint ventures. HBC has partnered with Simon Property Group Inc. in the HBC Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, HBC has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.
A truly global corporate citizen, HBC is committed to responsible business practices to bring about positive change, and we work hard to shape a sustainable future for people and the planet. Our philanthropic initiatives help create healthy families, strong communities, and sport excellence in the cities and countries in which we operate around the world, while striving to create innovative programs and resources that provide flexibility for work-life balance in order to maintain a positive working environment
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. This role is responsible for the purchasing and negotiating of merchandise, they partner with Merchandise Planners to develop strategies to maximize business opportunities.
Who You Are:
• Demonstrated managerial and leadership skills.
• Strong communication and negotiation skills; Ability to develop strong relationships across all levels of the organization.
• Proven ability to build / maintain strong Vendor partnerships.
• 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.
You Also Have:
• 3-5 years experience in buying office.
• University or College degree or commensurate retail experience.
• Strong business and financial analysis skills.
• Proven ability to create and execute a sound business strategy.
• Strong retail math acumen, including elements of markup, margin planning, open to buy, inventory productivity measures (WOS, T/O, GMROI), Assortment Planning.
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.
• Manages the development of the vendor / store matrix, and assists in coordinating store input for the matrix.
• Approves departmental sales and average stock targets.
• Participates in the review of and approves departmental topside financial plans.
• Promotes and critiques replenishment assortment, financial plans and open to buy with Replenishment Analyst.
How Often You May Travel:
• Willingness to travel, including overseas.
Your Life and Career at HBC:
• Be part of a world-class team; work with an adventurous spirit; think and act like an owner-operator
• Exposure to rewarding career advancement opportunities, from retail to supply chain, to digital or corporate
• A culture that promotes a healthy, fulfilling work/life balance
• Benefits package for all eligible full-time employees (including medical, vision and dental)
• An amazing employee discount
Thank you for your interest with HBC. We look forward to reviewing your application.
HBC provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, HBC complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
HBC welcomes all applicants for this position. Should you be individually selected to participate in an assessment or selection process, accommodations are available upon request in relation to the materials or processes to be used.