Senior Buyer

Location: Holt Renfrew - Toronto - Corporate Store Support Centre (60 Bloor Street West, Suite 1100)
Department: Buying & Merchandising
Cosmetic/Brand Line:
Work Status: Full-Time
# of openings: 1
Project #: 14418

Description

 

Position: Senior Buyer – Menswear

Terms of Employment: Permanent / Full Time

Location: Toronto, Ontario

Hours of Work: 37.5 hours per week

Language: English

Benefits: Eligible for discretionary bonuses and increases in salary. Candidate is eligible for comprehensive health and dental benefits.

Salary: $90,000 to $140,000

 

At Holt Renfrew, our purpose is to inspire a life of style. We achieve this by living our Brand Spirit and demonstrating Holts’ values:

  • Passion - Own it
  • Excellence - Elevate every moment
  • Warmth - Open to the world
  • Unity - One team. One Holts

 

The Senior Buyer develops buying strategies and initiatives that bring the Holt Renfrew point of view together with the best in luxury beauty and fashion from around the world.  He/she drives the timely sourcing of best available products to achieve and exceed sales and margin goals while elevating the brand matrix and understanding the core vision of our product offering.  The Senior Buyer is an expert and leader in their division and acts as a resource to the rest of the divisional team for elevating their buying performance

 

Duties:

  • Act as the point person for his/her division when the DVP/VP are absent
  • Set the strategy for and manage open-to-buy (OTB) to maximize business opportunities and drive profit
  • Manage inventory and influence decisions around inventory: make timely profitability decisions, review existing inventory performance indicators, and react quickly to change in demand, logistics and trends all while following the guidelines of the OTB
  • Develop and provide input into financial plans in partnership with the Planning team and prepare and present Seasonal Business Reviews by store and by commodity
  • Assemble collections and build product assortment based on industry knowledge and expertise, acting with autonomy in decisions made. Attend market appointments as required (Travel may include national and/or international markets)
  • Align the showroom selection to best suit the financial strategy and profitability – select right product range, type, and quantity; decide on colour, size, price.
  • Maintain and nurture relationships with vendors both new and existing
  • Lead negotiations with vendors to negotiate terms of the contract; payment terms, IMU, support during and at the end of the season
  • Have a global understanding of trends, buying patterns, and competitor strategies to constantly stay ahead of the market and to help coach the rest of the divisional team
  • Ensure timely delivery of merchandise, initiate cancellations, or negotiate discounts on late deliveries as appropriate
  • Provide product information to, maintain regular communication with, and work co-operatively with the store team
  • Obtain feedback on how the market responds to choices made and to market needs; seek customer feedback and act on this
  • Implement specific marketing plans for each department, based on advertising results and discussion with Marketing department and vendors to maximize brand exposure and increase sales and profitability; participate in promotional activities
  • Negotiate with vendors for marketing Co-Op, specialist program support, United Way and special events/personal appearances to reinforce the Holt Renfrew Brand
  • Ensure that advertised merchandise is adequately quantified and delivered and on time
  • Work cross-functionally to ensure that there is strategic alignment between network plans, marketing plans, and any other strategic initiatives that impact the buy
  • Build and retain a high performing team that delivers the results and meets performance goals
  • Coach team on their professional and personal development
  • Lead, motivate, and retain a team of high performing employees that is capable of delivering results
  • Facilitate and lead change; continuously evaluate procedures within Buying office and provide/action recommendations for more effective business practices

 

Requirements: 

  • Undergraduate degree in Business, Retail Management, or a related field
  • 5+ years of proven buying experience
  • 1 year of merchandise planning experience
  • Experience in luxury retail in menswear
  • Sound knowledge of purchasing principles and practices / Retail Math
  • Be proficient on all Merchant systems
  • Impeccable taste for fashion and a great sense of style
  • Demonstrated leadership and influencing/negotiation skills with the ability to get things done
  • Excellent interpersonal skills; a team player who is able to act as both a leader and an individual contributor as required
  • Confident and effective communication (written & verbal) and interpersonal skills
  • Is adaptable and comfortable with ambiguity and change 
  • Highly service-oriented with exceptional organizational and follow up skills
  • Passionate about fashion and luxury retailing
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)

 

The measures of success: 

  • Contribution to financial objectives
  • Individual objectives linked to the achievement of department goals
  • Feedback from internal and external clients

 





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