Classifieds

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 intra¬company 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.