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Classified: Associate Bridal Buyer for Hyde Park/1916 Company May 26, 2024 (0 comments)
Denver, CO--General Purpose: Responsible for executing a budget and implementing merchandise assortments and strategies to drive profitable sales and productivity, while ensuring product value, quality and styling as directed by the Diamond & Bridal Buyer. The Associate Bridal Buyer is responsible for relationship building, controlling and managing inventory to include placing and following up on vendor orders, maintaining integrity of min/max stock plans, placing special orders, monitoring vendor and individual SKU performance and negotiating payment terms and stock balances. As an employee of Hyde Park/The 1916 Company, the following requirements are applicable to every position.
- Participate as a team player in every possible way.
- Set goals and strive for continuous improvement.
- Respond to internal and external customer needs in a timely, accurate and professional manner.
Essential Duties/Responsibilities:
- Assists with managing open-to buy for diamond and bridal categories.
- Prepares automatic replenishments.
- Prepares stock orders.
- Assists with stock balancing.
- Assists with diamond requests.
- Assists with price negotiations.
- Manages inventory levels and ensures stores are well-stocked.
- Maintains relationships with vendors and stays up to date on new product releases and industry news.
- Collaborates with store management to ensure cohesive and profitable business strategy.
- Ensures all products meet quality standards.
- Manages the open-to-buy for product categories.
- Implements merchandising assortments.
- Analyzes inventory levels.
- Coordinates intracompany merchandise transfers and return to vendor activities.
- Maintains a variety of reports including sales, open to buy, and company metrics.
- Identifies trends and forecasting.
- Works with accounting department to ensure credits/aging are applied correctly.
- Assists in placing special orders and helps sales associates research special requests and orders.
- Generates end of month reports
- Initiates return to vendors.
- Implements directives assigned by the Diamond & Bridal Buyer.
Other Duties/Responsibilities:
- Performs research on items with lost tags.
- Assists in retagging merchandise to reflect price changes.
- Serves as a resource on issues/questions.
- May participate in sales activities as a resource during special events and holidays.
- Participates in the semi-annual inventory process.
- Performs other duties as assigned
Job Qualifications:
Knowledge, Skill & Ability
- Knowledge of fine jewelry.
- Knowledge of the jewelry industry, including trends, pricing, and product lines.
- Knowledge of merchandising techniques and practices and retail trends.
- Knowledge of vendors terms and conditions and points of negotiation.
- Knowledge of business English, spelling, and grammar.
- Knowledge of products available and offered by competitors.
- Knowledge of budgeting techniques associated with the purchasing of merchandise.
- Ability to communicate effectively, both orally and in writing.
- Ability to establish good rapport with vendors, sales advisors, and members of management.
- Ability to analyze reports and to take appropriate action.
- Ability to plan, organize, and carry out assignments effectively.
- Ability to evaluate, research and take necessary corrective action to maximize sales.
- Ability to work on more than one task at a time.
- Ability to analyze information, assess situations and arrive at decisions.
- Ability to exercise attention to detail.
- Ability to problem solve.
- Ability to work in a dynamic environment and adapt to changing business needs.
- Excellent communication skills.
- Strong understanding of retail operations, visual merchandising, and customer service.
- Flexible schedule, including occasional evenings, weekends, and holidays.
Education or Formal Training
- Associate’s Degree
- GIA Graduate Diamonds Diploma
Experience
- Five years’ experience in a purchasing capacity within the jewelry industry.
Material and Equipment Directly Used
- NetSuite
- Microsoft Office Suite
- Rapnet
- Nivoda
Working Environment/Physical Activities:
- Standing, walking, and stooping 25% or more of the time, lifting on occasion 20 pounds or more. Reaching, handling, fingering when performing sales related duties.
- Speaking, hearing, and exchanging information of the spoken word is required to successfully perform these duties.
- Tasks including comparing, computing, composing, copying, compiling, analyzing, coordinating and communication with others.
- Interpersonal skills and behaviors are requirements of this position.