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Manager, Buying- 6 month contract

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lululemon

3mo ago

  • Job
    Full-time
    Expert Level
  • Sales & Business Development
    Business, Operations & Strategy
  • London

AI generated summary

  • You have 10+ years in buying, 5 in management, a relevant degree, strong analytical skills, retail experience, excellent communication, and a fun, entrepreneurial spirit. Willingness to travel is needed.
  • You drive financial success through sales goals, analyze market trends, collaborate with global teams, manage product strategies, set pricing, and lead the Buying Team's training and support.

Requirements

  • 10+ years of experience in a merchant/buyer role, with 5 years management experience
  • Bachelors degree in business, marketing or related field
  • Vertical retail experience required. Omni channel experience highly desirable
  • Mastery of retail mathematics and Open to Buy
  • Strong analytical skills, including the ability to interpret multiple data points across numerous channels and market segments
  • Proven ability to work with and lead a cross functional team
  • Excellent sense of style and color trends; athletically minded
  • Proven ability to manage multiple projects simultaneously; Self-starter approach to work, with an eagerness to consistently meet and exceed objectives and take on more responsibility
  • Excellent communication skills - interpersonal, written and verbal
  • Entrepreneurship - an ability to make decisions and take calculated risks
  • Focus on creating an extraordinary guest experience, organizational and time management skills
  • Strong knowledge of MS Office (Word, Excel and Outlook)
  • Willingness to travel and work on the retail floor
  • Acknowledges the presence of choice in every moment and takes personal responsibility for their life.
  • Possesses an entrepreneurial spirit and continuously innovates to achieve great results.
  • Communicates with honesty and kindness, and creates the space for others to do the same.
  • Leads with courage, knowing the possibility of greatness is bigger than the fear of failure.
  • Fosters connection by putting people first and building trusting relationships.
  • Integrates fun and joy as a way of being and working, aka doesn’t take themselves too seriously.

Responsibilities

  • You contribute to the financial success of the region by meeting and exceeding sales, gross margin and inventory productivity goals through all channels (stores, ecommerce, strategic sales, & showrooms), through the effective partnership with Planning team
  • You are a "market expert" in your product department and region for all channels and can effectively communicate key data points, including merchandising strategies, athletic and fashion trends, pricing and competition that inform the global product strategy
  • You collaborate closely with global merchandising team to ensure that regional needs are incorporated into the line plan
  • You inform the Global Merchandising and Design Teams (at key internal milestones) with strategic insight and identify additional product assortment or business growth opportunities
  • You proactively gather, analyze and drive insight from local market knowledge and competitive landscape across all channels
  • You set seasonal merchandising strategies for the buying team, taking into account strategic initiatives, growth drivers and sales trends
  • You work closely with cross-functional teams to deliver and drive product strategies (short and long term)
  • You formulate and define local pricing strategies
  • You lead the in-season management of your product department, through sales analysis, flow management, product education, chase, cancellations, markdowns and exit
  • You train, support, and develop our Buying Team

FAQs

What is the duration of the contract for the Buying Manager position?

The Buying Manager position is a 6-month contract.

What qualifications are required for the Buying Manager role?

The role requires 10+ years of experience in a merchant/buyer role, with at least 5 years of management experience, and a bachelor's degree in business, marketing, or a related field.

Is experience in vertical retail essential for this position?

Yes, vertical retail experience is required, and omni-channel experience is highly desirable.

Will the Buying Manager need to travel?

Yes, there is a willingness to travel required for this position.

What are the key responsibilities of the Buying Manager?

Key responsibilities include executing a seasonal assortment, leading the buying team, collaborating with cross-functional teams, managing in-season product departments, and developing team members.

Is prior experience with retail mathematics necessary?

Yes, mastery of retail mathematics and Open to Buy is required for this position.

What skills are emphasized for the Buying Manager role?

Strong analytical skills, excellent communication skills, organizational and time management skills, and the ability to lead cross-functional teams are emphasized.

How important is an understanding of the market and competition for this role?

It is very important, as the Buying Manager is expected to be a "market expert" and gather insights from local market knowledge and competition to inform strategies.

Are there any specific personal attributes that are required for this job?

Yes, attributes such as an entrepreneurial spirit, strong interpersonal skills, courage in decision-making, and a focus on creating relationships are essential.

What software proficiency is expected from candidates?

Candidates should have strong knowledge of MS Office, specifically Word, Excel, and Outlook.

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lululemon

Retail & Consumer Goods
Industry
10,001+
Employees

Mission & Purpose

lululemon athletica inc. (NASDAQ:LULU) is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. https://corporate.lululemon.com/careers