Michaels Stores
The Buyer
plays a critical role in the success of sourcing and selecting merchandise. The Buyers responsibility is to plan, purchase, communicate, and control merchandising, pricing, and marketing strategies for assigned lines of business as required; while maximizing sales & profits and increasing market share for assigned lines of merchandise. Leads and executes the performance and sets strategy for a team in support of the departmental strategy. Provides strategic plans for multiple assigned categories that impact the overall department strategy.
Major Activities Assortment Planning
Develops and recommends assortment plans, determining optimal product mix based on category goals, performance, and designated category roles
Drives a compelling assortment by applying knowledge of the consumer and sense for product
Develops and makes recommendations based on category history and market share analysis
Conducts brand and market share competitive analyses, develops insights, and recommends tests
Leverages private brand development and sourcing opportunities in determining the optimal assortment and executing vendor strategy
Performance Analysis & Category Planning
Responsible for the achievement of sales and profit plans for their assigned categories
Creates bottom-up plan by category and reconciles with financial targets
Conducts brand and market share competitive analyses, develops insights, and recommends tests
Flexibility in reacting to business results and your ability to translate financial metrics and data into actionable strategies will be critical
Leads and directs in-season reaction to business
Maximizes merchandise presentation, develop planograms, and lead a cross-functional team through the complex implementation process
Optimizes advertising, pricing, and promotion strategies
Leads vendors based on consumer and market insights and leverage the partnership to develop the right product
Leverages vendor partnerships to develop the right product and be able to lead vendors based on consumer and market insights
Influences and negotiates with vendors to achieve results and identify gaps and opportunities
Inventory Management
Partners with inventory management to maximize return on inventory investment based on sales plans, category roles, and trends
Manages inventory levels to support EBITDA objectives and sales objectives
Leads cross-functional teams to drive category results while managing progress toward sales and margin goals
Provides strong, steady leadership and communication to cross-functional teams
Provides guidance, mentoring, and support to junior buying staff, fostering a collaborative and high-performing team environment
Other duties as assigned
College degree or equivalent experience
Minimum Type of Experience the Job Requires
6+ years of merchandising experience, exhibiting progressively responsible assignments
Proven experience as a Retail Buyer or similar role in the retail industry
Able to successfully lead a category team and drive desired business results
Advanced strategic and analytical skills to grow a business
Advanced collaboration skills to partner with cross-functional teams
Advanced negotiation and communication skills
Flexible, resilient, and able to thrive in a fast-paced, deadline-driven environment
Strong organizational and time management skills, with the ability to handle multiple priorities and meet deadlines in a fast-paced environment
Strong experience in supplier and price management.
Preferred Education
Business degree preferred
Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.
Seniority Level Mid-Senior level
Employment Type Full-time
Job Function Finance, Sales, and Strategy/Planning
Industries: Retail
Referrals increase your chances of interviewing at Michaels Stores by 2x
Sign in to set job alerts for “Buyer” roles. #J-18808-Ljbffr
Major Activities Assortment Planning
Develops and recommends assortment plans, determining optimal product mix based on category goals, performance, and designated category roles
Drives a compelling assortment by applying knowledge of the consumer and sense for product
Develops and makes recommendations based on category history and market share analysis
Conducts brand and market share competitive analyses, develops insights, and recommends tests
Leverages private brand development and sourcing opportunities in determining the optimal assortment and executing vendor strategy
Performance Analysis & Category Planning
Responsible for the achievement of sales and profit plans for their assigned categories
Creates bottom-up plan by category and reconciles with financial targets
Conducts brand and market share competitive analyses, develops insights, and recommends tests
Flexibility in reacting to business results and your ability to translate financial metrics and data into actionable strategies will be critical
Leads and directs in-season reaction to business
Maximizes merchandise presentation, develop planograms, and lead a cross-functional team through the complex implementation process
Optimizes advertising, pricing, and promotion strategies
Leads vendors based on consumer and market insights and leverage the partnership to develop the right product
Leverages vendor partnerships to develop the right product and be able to lead vendors based on consumer and market insights
Influences and negotiates with vendors to achieve results and identify gaps and opportunities
Inventory Management
Partners with inventory management to maximize return on inventory investment based on sales plans, category roles, and trends
Manages inventory levels to support EBITDA objectives and sales objectives
Leads cross-functional teams to drive category results while managing progress toward sales and margin goals
Provides strong, steady leadership and communication to cross-functional teams
Provides guidance, mentoring, and support to junior buying staff, fostering a collaborative and high-performing team environment
Other duties as assigned
College degree or equivalent experience
Minimum Type of Experience the Job Requires
6+ years of merchandising experience, exhibiting progressively responsible assignments
Proven experience as a Retail Buyer or similar role in the retail industry
Able to successfully lead a category team and drive desired business results
Advanced strategic and analytical skills to grow a business
Advanced collaboration skills to partner with cross-functional teams
Advanced negotiation and communication skills
Flexible, resilient, and able to thrive in a fast-paced, deadline-driven environment
Strong organizational and time management skills, with the ability to handle multiple priorities and meet deadlines in a fast-paced environment
Strong experience in supplier and price management.
Preferred Education
Business degree preferred
Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.
Seniority Level Mid-Senior level
Employment Type Full-time
Job Function Finance, Sales, and Strategy/Planning
Industries: Retail
Referrals increase your chances of interviewing at Michaels Stores by 2x
Sign in to set job alerts for “Buyer” roles. #J-18808-Ljbffr