Requirements
The Senior Buyer role requires 5+ years of experience as a Buyer or Senior Buyer in the retail industry, with a strong understanding of trends, product sourcing, and the off-price retail model. Essential skills include exceptional negotiation, communication, relationship-building, and analytical abilities, with a strong grasp of margin management and cost control. A Bachelor's degree in Business, Fashion Merchandising, or a related field is preferred. Strategic thinking, a results-driven mindset, high attention to detail, and strong business acumen are also crucial.
Description
Senior Buyer - FashionCompany Overview BFL Group is one of the world's leading off-price retailers of fashion and homeware. With headquarters based in United Arab Emirates, we serve over markets across the region and Southeast Asia.Our goal is to delight customers and entice them back with the promise of exceptional pieces that excite – all at up to 80% off the original retail price for fashion designer brands. Our unique Treasure Hunt model ensures there is always something new to explore, desire and discover within our stores. Our customers walk out with new items every time they visit any of our stores.Role Purpose: The Senior Buyer is responsible for curating and managing the product assortment to drive sales and profitability while ensuring the right balance of inventory, trends, and customer demand. The role involves identifying new trends, sourcing high-quality merchandise, negotiating with suppliers, and overseeing the buying process from selection to delivery. The Senior Buyer will collaborate closely with cross-functional teams & vendors to align on business goals, optimize stock levels, and ensure the timely availability of products in line with seasonal demands. The ultimate goal is to deliver a compelling and profitable product mix that meets customer expectations, contributing to the overall success and growth of the business.Key responsibilities: Analyse and Determine Pricing & Product Mix• Assess files to calculate accurate pricing and select an optimal product mix. Purchase Order Management • Submit, and track purchase orders, ensuring timely processing and delivery.Supplier Relations & Pricing Strategy• Ensure products are purchased at the right time, meet specifications, and are competitively priced. Regularly check online prices to ensure market competitiveness.Build Strong Supplier Relationships • Foster long-term, positive partnerships with suppliers to ensure consistent product availability and favourable terms.Competitive Pricing & Retail Strategy • Prepare and adjust competitive pricing strategies to align with market demands and business objectives.Inventory Management • Plan and monitor inventory levels to maintain optimal stock levels, avoiding overstock or stockouts.Collaborate with Category Managers • Request and review new offers from Category managers for specific brands or departments, ensuring product selection meets market demand.Product Performance Reporting• Compile and present product performance and sales statistics, reporting findings to the head of buying for data-driven decision-making.Market Awareness & Trend Monitoring• Stay updated on the latest fashion brands and industry trends to inform buying decisions and maintain competitiveness.Maintain Product Documentation • Keep buying spreadsheets and records up to date with product details and incoming stock manifests.Cross-Department Collaboration • Communicate with relevant departments as necessary and provide support to the warehouse team with product pricing details.Requirements:• 5+ years as a Buyer or Senior Buyer in the retail industry.• Strong understanding of trends, product sourcing, and the off-price retail model.• Exceptional negotiation, communication, and relationship-building skills.• Analytical mindset with the ability to interpret sales data and market trends.• Strong organizational and time-management skills, with the ability to manage multiple projects and priorities.• Excellent understanding of margin management and cost control in an off-price retail context.• Bachelor's degree in Business, Fashion Merchandising, or related field (preferred).• Strategic thinking with a results-driven mindset.• High attention to detail and ability to make data-driven decisions.• Strong business acumen with a passion for fashion.• Adaptability to a fast-paced, ever-changing retail environment.If you think you are fit for this job position, then apply right away. You are steps away from joining a Great Place to Work© and we would love to meet you soon!