What are the responsibilities and job description for the SENIOR BUYER - ACTIVEWEAR position at Fashion Nova?
ABOUT US
Fashion Nova is the world's leading trend-to-market fashion and lifestyle brand with high-growth categories across its Women, Men, Kids and Beauty divisions. Renowned for delivering the most-wanted styles to millions worldwide, Fashion Nova earned the title of the Top 5 Most-Searched Fashion Brand on Google in 2022, alongside Louis Vuitton and Nike.
Founder & CEO Richard Saghian launched the brand in 2006, from a retail location in Los Angeles. After multiple store openings, Saghian launched the e-commerce website for Fashion Nova in 2013, pioneering a disruptive social commerce model of affordable, on-trend, size-inclusive clothing online- powered by an innovative, social media-first marketing strategy.
Today, Fashion Nova has amassed over 40 million social media followers, with annual sales of approximately $2 billion!
The brand's name has been featured in chart-topping hit songs by Cardi B, Drake, 21 Savage, Saweetie, The Game, Tyga and Offset and its styles have been worn by many celebrities, artists and athletes including Meg The Stallion, Ice Spice, Chris Brown, Floyd Mayweather, Rick Ross, Kourtney Kardashian, and Kylie Jenner.
ROLE OVERVIEW
Under the guidance of the Division / Category Director, you as a Senior Buyer will work to create the appropriate merchandise mix based on emerging trends and manage the assortment strategies established by your team leaders. You will also be responsible for managing your category product assortment and delivering on financial targets. Your role is essential to ensuring Fashion Nova has the best product offerings for our customers.
KEY RESPONSIBILITIES
- Drive Assortment Strategy : Develop and execute buying strategies to curate trend-driven product assortments that align with customer preferences and seasonal trends, while achieving optimal SKU count and balancing newness vs. replenishment inventory
- Trend Forecasting : Stay ahead of fashion trends by conducting market research, keeping a pulse runway trends, and analyzing social media and competitors to ensure a competitive and forward-thinking product mix. Utilize research to work with in-house production team and suppliers to drive on-trend newness
- Cost Negotiation & Margin Optimization : Lead pricing negotiations with suppliers to secure the best cost structures while maintaining product quality, ensuring profitability, and maximizing margins in a highly competitive market
- Financial Management : Manage weekly sales performance, open-to-buy budgets, pricing, margin targets, and inventory levels, ensuring alignment with sales goals and profit margins, while optimizing the balance of newness and replenihand minimizing markdowns
- Cross-Functional Collaboration : Partner with production, replenishment, planning, and creative teams to ensure timely deliveries, fast replenishment of high-demand styles, successful promotions to maximize sales opportunities, and cohesive product launches
- Data-Driven Decisions : Utilize sales performance data, customer reviews, and market insights to continuously optimize product assortments and increase profitability
ROLE REQUIREMENTS
BENEFITS
Fashion Nova, LLC, and subsidiaries thereof, is an Equal Opportunity Employer. We are steadfast in our commitment to equal employment opportunities and pledge that these objectives are reflected in all aspects of our daily operations. We will continue to recruit, hire, train, and advance in employment qualified individuals in all job titles without regard to race, color, national origin, gender, sexual orientation, gender identity, religion, age, status as a protected veteran, criminal history, or status as an individual with a disability; and shall not discriminate against any individual, any such characteristic, nor any other classification protected by local, state and|or federal law.
NOTICE AT COLLECTION
