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Assistant Buyer, APAC

Ralph Lauren

  • Company Industries:Others

Job Information

  • Post Date:2024-07-03
  • Location:Tsim Sha Tsui
  • Employment Type:Full time
  • Others:Prior experience in Retail Merchandise/Buying
    Support daily operational buying activities
    Fluent in English and Cantonese<
  • Job Function:Buying  

Job Description

Responsibilities:
 

1) Support the development of the range within brand DNA and financial target: 

  • Analyze past sales to support the development of the new season strategy 
  • Work with the division manager to determine the optimum way to invest OTB by class 
  • Build the range based on the past season best seller, full price trends & regional needs 
  • Identify new opportunities and work with the Corporate merchandising & sourcing to include the new product in the range 
  • Work closely with the US & the EU teams to leverage on their buying strategy and their experience 
  • Present the range to the management to validate the buy 
  • Post-buy, develop and present a seasonal hand-off to communicate the seasonal hand-off to communicate the seasonal strategy to the retail and visual merchandising team 

2) Ensure smooth and timely execution of the buy: 

  • Upon range confirmation take the lead on buy execution 
  • Determine pricing based on full price pricing structure 
  • Analyze and determine size curve by market 
  • Ensure orders are place accurately and on time 
  • Manage relationship with the sourcing department 

3) Manage business in season in collaboration with planning & allocation 

  • Track receipt to ensure that seasonal deliveries will arrive in the store on time 
  • Produce and analyze selling reports and provide markdown recommendations 
  • Present a business summary on a weekly basis to the Buying and Planning management to discuss key business highlights, risks and opportunities, product best and worst performance and propose any required action 
  • Work with key partners to ensure the execution of the sales strategy 
  • Work closely with the retail team in order to understand the business trends and customer expectations 
  • Collaborate with visual merchandising team to build seasonal guidelines and ensure that the assortment is present on the floor as planned. 
  • Work closely with planning team to build seasonal strategy, invest OTB and determine markdown and promotional strategy 
  • Communicate with allocation to ensure assortment is delivered on time and that key items are always on the floor with sufficient depth 

Requirments: 
 

  • 1+ years retail merchandising buying related experience 
  • Strong analytical skills and ability to identify commercial opportunities based on analysis produced 
  • Highly organized and the ability to prioritize team work schedule based on broader business requirements 
  • Curious, willing to develop and solution-oriented 
  • Computer proficient in Excel, Word and PowerPoint 
  • Good communication skills in English both upwards to Senior Management and laterally to business partners both internal and external 
  • Remain driven when faced with challenging trading positions and/or directives from senior management 
  • To demonstrate an ability to operate independently within set business goals, working closely with senior business partners 
  • Candidate with less experience will be considered as Assistant Buyer 

Company Info

Ralph Lauren

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