Buying Manager - Women's
Fashion Nova · Beverly Hills, CA · 3 mo ago
Supply ChainFull-time
ROLE OVERVIEW
The Buying/Merchandise Manager plays a crucial role in creating the best product offerings for Fashion Nova's customers. They develop and execute buying strategies, manage product assortments, and ensure financial targets are met.
KEY RESPONSIBILITIES
- Drive Assortment Strategy: Develop and execute buying strategies to curate trend-driven product assortments that align with customer preferences and seasonal trends, while achieving optimal SKU count and balancing newness vs. replenishment inventory
- Trend Forecasting: Stay ahead of fashion trends by conducting market research, keeping a pulse on runway trends, and analyzing social media and competitors to ensure a competitive and forward-thinking product mix. Utilize research to work with in-house production team and suppliers to drive on-trend newness
- Cost Negotiation & Margin Optimization: Lead pricing negotiations with suppliers to secure the best cost structures while maintaining product quality, ensuring profitability, and maximizing margins in a highly competitive market
- Financial Management: Manage weekly sales performance, open-to-buy budgets, pricing, margin targets, and inventory levels, ensuring alignment with sales goals and profit margins, while optimizing the balance of newness and replenishment, and minimizing markdowns
- Cross-Functional Collaboration: Partner with production, replenishment, planning, and creative teams to ensure timely deliveries, fast replenishment of high-demand styles, successful promotions to maximize sales opportunities, and cohesive product launches
- Data-Driven Decisions: Utilize sales performance data, customer reviews, and market insights to continuously optimize product assortments and increase profitability
- Mentor buyers in vendor relations, attending all vendor meetings to help strengthen their negotiation skills and teaching them how to maximize our vendor base
- Organize and present your areas' big ideas on orders so all cross-functional teams are aware of key incoming trends
- Attend and participate in weekly marketing meetings, voicing needs for your categories
- Review and approve all extension requests, prices, and colors including lab dip approvals and fabric confirmations for your areas
- Cover the area when the Category Director is unavailable, functioning as their backup
- Strategically scout and evaluate new vendors to support business needs
ROLE REQUIREMENTS
- 9+ years of experience in Buying for apparel, ideally within an eCommerce fashion brand, with at least 2 years of experience managing a team of buyers
- Strong understanding of current and emerging fashion trends, with a deep passion for the fashion industry
- Experience working with vendors and negotiating product quality, costs, and delivery dates with vendors
- Excellent prioritization, project management, organization skills, and attention to detail, in addition to strong analytical skills to support data-driven decisions
- High proficiency in Excel, PowerPoint, and Google Workspace
- Bachelor's Degree in Fashion, Production, Design or related field, or equivalent work experience
- English, additional language(s) an advantage
Schedule
Monday – Friday | Core business hours | Onsite
BENEFITS
- New state-of-the-art HQ upcoming in 2025!
- Formalized career paths for continued professional growth
- Flexible Paid Time Off (PTO)
- Comprehensive health insurance across Medical, Dental and Vision
- 401k match, with immediate vesting upon eligibility
- Weekly catered lunches & fully-stock kitchen pantry!
- Opportunities to travel for trade shows and vendor meetings
- Summer Fridays Early Departure
- Team bonding events and programs
- Atrtractive employee discounts!