Summary
Majid Al Futtaim is seeking a Buyer for its Lifestyle business in Dubai. The role develops buying strategies and product assortments, manages stock and brand performance, and negotiates pricing, shipment costs and payment terms with vendors. The Buyer also works with Planning, Finance, Digital, Logistics and Operations teams and visits stores to understand customer and product feedback. A bachelor’s degree, a retail management qualification, 3–4 years of buying and merchandising experience, and a fashion retail background are required.
The posting
As published on majidalfuttaim.com. Pulled from the employer's site and shown as they wrote it.
JOB TITLE
Buyer | Majid Al Futtaim LifeStyle | Buying
ROLE SUMMARY
The Buyer will be responsible for implementing the buy strategy for the assigned brand and building a product assortment that meets customer needs and drives the growth of the Majid Al Futtaim Lifestyle business. The Buyer will support the General Manager Merchandising in highlighting short and long-term strategic approaches, future growth opportunities, and areas of risk for the business with regards to product ranging, allocation, inventory, brand perception, pricing, and margin.
ROLE PROFILE
- Formulate a suitable buy strategy and plan in line with Brand and Majid Al Futtaim Lifestyle guidelines.
- Purchase commercial and profitable product ranges to maximize profitability and sales.
- Control all aspects of stock to minimize loss of sales and balance product mix through consistent and rigorous in season analyses.
- Negotiate product pricing, cost of shipment, payment terms, and intake margin with local vendors, taking into consideration business and cost effectiveness as the main consideration.
- Monitor brand performance, initiating corrective action where necessary to ensure operations are conducted within the agreed financial parameters.
- Deeply understand brand perception, product feedback, and product requests by regularly visiting stores and interacting with the store teams.
- Nurture a strong working relationship with the Planning, Finance, Digital, Logistics, and Operations teams to drive common business goals.
REQUIREMENTS
- A Bachelors’ Degree, preferably in Business Management, Marketing or related field.
- Qualification in Retail Management.
- 3-4 years of experience in a Buying and Merchandising role.
- Fashion retail background is mandatory.