Associate Buyer
Macy's · New York, NY · 4 days ago
PurchasingFull-time
About the role
The Associate Buyer will elevate Macy’s competitive position by buying merchandise to drive sales and profitability across stores and online for your family of business. You will work closely with existing vendors to curate a distinguished Macy’s assortment, as well as seek out new and differentiating vendors to satisfy our customer demand.
Responsibilities
- Make all purchasing decisions independently of Buying Director that satisfies the customer demand to achieve sales, turn and margin plan.
- Understand competitive marketplace and pursue white space opportunities that align with company strategy.
- Competitive shop and determine the action necessary to address competitive challenges.
- Identify any product opportunities and provide suggestions and input in product development to vendors.
- Support Buying Director to drive in-season business effectively by influencing promotional strategies based on current business needs.
- Attend Market appointments prepared with strategic assortment plans and an understanding of product to support customer preferences.
- Set the vision and determine call to action for assortment-building opportunities in partnership with Planning, Pricing and Cross Functional partners.
- Collaborate with planning partner to develop and execute assortment strategy.
- Maintain an industry presence that allows for connections, new business opportunities, and ideas at Macy’s.
- Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities.
- Execute both POS pricing in promo planner, using dynamic recommends, and work with the associate buyer on permanent markdown execution in UPM.
- Review discount rate and sales performance in promo planner, making adjustments as needed to hit financial sales and margin goals.
- Work with Financial Planning to ensure department-level financial targets support assortment strategy.
- Provide Buying Director with category, class, and item performance analysis to assist in determining in-season item-level changes to make.
- Support the Financial Planning and Buying Director in building seasonal strategy components based on targets.
- Communicate with vendors to ensure timely collection of MDAs/markdowns/RTVs and partner with Financial Planning to ensure alignment with in-season VMT input.
- Rely on data analytics (PE and dynamic pricing) to develop POS and Perm pricing strategy and ensure execution is as intended, hitting financial metrics and driving sales and profitability.
Requirements
Financial Business Acumen: Ability to understand and analyze financial aspects to make informed strategic decisions.
Qualifications
- A bachelor’s degree or equivalent work experience in a related field.
- 3+ years of direct experience.
- Ability to work with mathematical concepts such as probability and statistical inference; apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
- Perform essential job functions such as communication, collaboration, and use of office and computer systems.
- Ability to access and review written and electronic information, and to move within the work environment and interact with workplace materials as needed to carry out job responsibilities.
- Able to work a flexible schedule based on department and company needs.
Skills
- Financial Business Acumen
- Retail Strategy and Tactics
- Change Management
- Visionary Thinking
- Communication Skills
- Growth Mindset
- Strategic Planning
- Collaboration and Coordination
Benefits
- Comprehensive health and wellness coverage
- 401(k) match
- Paid time off
- Eighth paid holiday
- Continuous learning and leadership development
- Volunteer opportunities
What We Can Offer You
- Dynamic, inclusive environment
- Competitive pay
- Merchandise discounts
- Performance-based incentives/bonuses
- Access to full menu of benefits offerings