Sr. Buyer
Michaels Stores · Irving, TX · 1 mo ago
PurchasingFull-time
Key Responsibilities
- Develop and own the overall category strategy for your assigned pod.
- Conduct in-depth performance analysis and competitive shopping to inform strategic decisions.
- Refined and execute the brand strategy to maximize market impact.
- Lead the development of the vendor strategy, identifying key partners and negotiating favorable terms.
- Create a winning assortment strategy that aligns with market trends and company goals.
- Drive the Good/Better/Best strategy to optimize product offerings across all price points.
- Oversee the space & merch presentation to ensure products are showcased effectively.
- Partner with sourcing team to ensure IMU goals are communicated and met.
- Ensure categorical promotional plan optimizes sales and margin in partnership with pricing team.
- Oversee and track cost changes and retail changes.
- Partner with pricing team to ensure retails are competitive in the market.
- Collaborate with planning team to build and manage financial plans.
- Take ownership of financial plans for your category, ensuring all strategies align with budget and revenue goals.
- Monitor and communicate results against financial plans based on performance and market trends.
- Partner with Inventory Management to optimize inventory.
- Oversee team of managers and independent contributors, contributing to their growth and development.
- Lead and collaborate with cross-functional teams to deliver on business results.
Qualifications
- 10+ years of merchandising experience, exhibiting progressively responsible assignments in retail buying, with a focus on strategic buying, vendor management, and inventory optimization.
- Deep understanding of retail industry trends, consumer behavior, and market dynamics.
- Proven track record of delivering exceptional results in driving sales, profitability, and inventory management.
- Excellent analytical and problem-solving skills, with the ability to interpret complex data and make strategic decisions.
- Excellent negotiation and communication skills, with the ability to build and maintain strong relationships with suppliers and stakeholders.
- Demonstrated leadership abilities, including the ability to motivate and inspire a team to achieve goals and targets.
- Exceptional organizational and time management skills, with the ability to handle multiple priorities and meet deadlines in a fast-paced environment.
- Flexible, resilient, and able to thrive in a fast-paced, deadline-driven environment.