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J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive ...
J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive ...
For your reference, we have included the original job posting below.
Associate Buyer
Job Number:
35107672
Company Name:
Macy's
Job Location:
New York, NY US
Job Category:
Merchandising, Purchasing & Retail
Associate Buyer
Overview:
An Associate Buyer at Macy's works within the central buying office as part of a merchant team. Each merchant team is responsible for the merchandise assortment for up to 650 stores across the country and is responsible for driving between $40- and $500- million in annual sales volume for the Company. As an Associate Buyer, you will take ownership of a portion of the buyer's overall business and direct business strategy to achieve sales and margin objectives for your area of responsibility..
Key Accountabilities:
Direct responsibility for purchasing decisions and financial results for your area of ownership.
Develop and execute seasonal plans by vendor or class, and overall department to maximize profit.
Understand importance of gross margin, how it affects the company's bottom line, and the elements that go into achieving margin goal, i.e buying markup, managing markdowns, and end of quarter/season/year margin negotiations.
Communicate and negotiate with vendors for incentives, new items, and exclusives.
Identify and react to trends within department to drive sales and achieve margin plan.
Represent business and Company in the marketplace; manage the market preparation and presentations for your area of ownership.
Collaborate with Marketing team; set promotional strategies to achieve sales plan within a season.
Collaborate with planning counterpart regarding distribution of goods to each store.
Collaborate with pricing manager regarding pricing strategy and execution.
Manage the overall operational and administrative responsibilities of your business (i.e. price change, order entry, advertising sign-off, best seller prep, etc.)
Understand and support MyMacy's strategy
Contribute to the team, share knowledge, coach and mentor assistants & EDPs.
Skill Summary:
2 years retail buying or planning experience
Bachelors degree (Business, Finance, Marketing, or equivalent)
Strong written communication skills
Outstanding verbal communication skills with the ability to influence
Exhibits high standards and accountability; takes pride in accuracy
Readily grasps numerical concepts and interprets financial information accurately; Ability to utilize retail math skills to analyze and drive business
High aptitude; processes information quickly
Ability to offer solutions to challenges
Ability to successfully collaborate with internal and external partners
Seeks to be the leader, wants to be in a position of influence
Result-oriented and self-motivated with a strong sense of urgency
Curious about complex issues or opportunities - ability to view things in new ways or from a different perspective
Able to independently organize and prioritize broad workload to meet deadlines
