Salary Range $62,400 - $71,200*
Job Description:Who We Are:Saks is a world-renowned luxury ecommerce destination. The company's unique approach combines a focus on the digital customer experience with a strong connection to a network of extraordinary stores that extends that seamless experience into the real world.On its website and app, Saks offers an unparalleled selection of curated merchandise across fashion for women and men, beauty, jewelry, home dcor and more. In addition to the shopping experience, customers come to Saks for inspiring editorial content, access to digital stylists, lifestyle experiences and other world-class services. The company is currently in the midst of a dramatic expansion, driven by significant enhancements to its platforms and offerings, with the goal of becoming the preeminent destination for luxury internationally.
Role Summary:The Assistant Buyer is a motivated individual that will participate in vendor selections, and partnerships. The Assistant Buyer will assist in providing information for the monitoring of inventory productivity, and the analysis of vendor profitability while providing data and analysis for price changes, and assists in entering prices changes on line.
Role Description: Core Merchandising Responsibilities:
- Attend market appointments, assist with buyer on preliminary market prep, bulk orders and ad hoc allocation, participate in review with DMM
- Update for checkbook with actualized orders and budget history
- Assists in managing the timely placement and maintenance of purchase orders
- Executes pricing strategy based on promotion cadence
- Project, recap, and manage receipts for vendors to ensure company sales plans and inventory targets are met
- Builds and maintains ship sheets for monthly forecast
- Pulls and reviews reporting as well as identifies opportunities on weekly reports based on business trend and class performance
- Assist with in-season management for the brand portfolio including dropship, re-orders, RTV's, swaps, and markdowns
- Provides the analysis to support the merchandise strategy and assists in product selection
- Assists in monitoring industry trends and evaluating competition
- Assists in setting up new items in the database
- Executes the Best/Worst Seller Review
Financial Planning and Markdowns:
- Supports and communicates business opportunities and liabilities during OTB
- Supports the markdown projection process and provides information for internal projection and vendor negotiation
- Participates in the review of departmental topside financial plans
People Partnerships:
- Partners with digital lifecycle team and Item Set Up team to ensure products are accurately added to the site
- Partners with Bangalore Merchandising team to oversee item lifecycle from start to finish, and partner on RTV's and pricing
- Work cross functionally with Category Growth Pod counterparts/and marketing teams by reviewing assortment strategy, assisting in product pitches for marketing materials
- Partners with Store Planning on allocation and QR orders
Key Qualifications:- Manages ambiguity well, self starter, and is able to thrive in a fast paced environment
- Strong accountability, and ability to multitask and prioritize independently
- Generates a variety of approaches to problem solving quickly including new and novel ideas.
- Strong interpersonal skills and can be both direct but diplomatic and gain trust from others quickly.
- You often go above and beyond your goals. You are a consistent performer with a proven track record in driving positive outcomes through objectives and measures within a large complex organization.
- Open to new perspectives and is willing to try new ways of working in our evolving business
- Strong knowledge of and ability to apply retail math concepts, including elements of markup, margin planning, open to buy, and inventory productivity measures (WOS, T/O, GMROI).
- Strong organizational skills and attention to detail
- Strong ability to communicate effectively both verbally and in writing
- Excellent computer skills including MS Word and Excel, Powerpoint, Google Sheets/Docs/Slides
- Proficiency in systems (RFS, AMS, PCW, NuOrder)
- 1 - 2 years' experience as an Assistant Buyer, preferably in a major department store
Your Life and Career at Saks:- Exposure to rewarding career advancement opportunities
- 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 in Saks. We look forward to reviewing your application.Saks 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, Saks 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.Saks 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.
Saks.com is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.*The above expected salary range may have some variability based upon factors including, but not limited to, a candidate's overall experience, qualifications, and geographic location. If you are interested in the role, we encourage you to apply and, if selected to move forward in the interview process, you will have a chance to speak with our recruitment team regarding your specific salary expectations.