Posted on 2021-11-12

Senior Buyer

Tory Burch Far East Limited

JOB SUMMARY

The Senior Buyer will be responsible for leading on buying and assorting merchandise for Retail Stores in Hong Kong, Macau, Singapore & Australia, in accordance with corporate guidance and providing on-going feedback around merchandise needs on categories of Handbags & Accessories.  He or she is required to establish strategic merchandise plans for sales, markdowns, inventory, and growth opportunity.

KEY RESPONSIBILITIES:

BUYING

  • Responsible for the buying of categories of handbags & accessories
  • Assist in formulating the buying strategy and the buying process to make sure each buy is done properly (quantity and styles) by assorting the line, analyzing history, and identifying volume drivers to maximize sales for each season  with guidance and collaboration with the Corporate Buying function
  • Work closely with PR to incorporate Look Book selections in Buy
  • Work closely with VM for the Windows to maintain a global image
  • Be responsible for the merchandise distribution, stock allocation and merchandise reordering management
PROVIDE FEEDBACK ON LOCAL MARKETS NEEDS
  • On-going communication with Merchandising Team in U.S. on local market needs and specific country requests, that include but not limited to special products, new stores  opening and new initiatives of the region
  • In touch with local industry trends and competitor awareness in pricing, trend, quality and products offers
POINT PERSON FOR REGIONAL MERCHANDISING STRATEGY
  • Key communicator  of the assigned categories’ seasonal merchandising  strategy to Retail team
  • Responsible for the Seasonal Product training to the Retail team
    • Conduct product training when season kick off to retail  staff to ensure they possess  good knowledge
    • Provide the specific training (trendy Information, key item focus, regional delivery timetable) to retail staff and tracking their performance
    • Support and work with training team regarding to product knowledge and in-store activity to enhance training throughout the season
    • Translate the relevant materials on product knowledge
SALES DRIVER AND OWNERSHIP
  • Run varies sales reports and analyze data weekly to identify current sales trend, inventory situation, and opportunities, recommending action plan weekly on ground in order to drive sales:
    • Sales/EOH by season, concept, class, style, stores
    • Co-ordinate with Creative presentation team to maximize the sales opportunities
    • Recommend Markdowns/Promotions
    • Call out any Initial Product delivery issues and/or Propose Replenishment
    • Co-ordinate Bi- Weekly products transfer/consolidation
    • Proposing Incentive Plans
    • Event planning and coordination merchandising related
  • Support retail team on merchandising related such as defective products, system retail price error, store product request etc.

EDUCATION & PRIOR EXPERIENCE NEEDED

  • Degree holder in Fashion Merchandising/ Business or related disciplines
  • A minimum of 5 years fashion retail merchandising experience.  Previous regional buying experience in luxury fashion industry
  • Strong planning, communication and presentation skills
  • Sound business acumen and retail numerical sense, detailed mind with strong analytical skills
  • Proficiency in MS Office Applications and advanced in Excel                  
  • Excellent command in English & Chinese
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More job information
Salary
Benefits
  • 5-day week
  • 13-month pay
  • Dental plan
  • Discretionary bonus
  • Medical plan
Job Function
Location
  • Tsimshatsui
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 5 years
Career Level
  • Senior management level
Education
  • Degree