What are the responsibilities and job description for the Director of Buying position at IGL Brands?
We are looking for an Director of Buying to join our team and help manage our wholesale partnerships. We prefer a candidate with strong experience in the wholesale beauty, skincare or cometic categories and history working with major brands, top-tier retailers and / or online marketplaces.
Responsibilities and Requirements :
- Drive the overall assortment strategies for multi-channel and multi branded business; curate brands and products that meet client needs and deliver on financial targets for your categories
- Leverage client insights and data to build a deep understanding of client opportunities to build a best in class assortment for clients
- Conduct market research, trend analysis, and competitor benchmarking to identify brand matrix opportunities, curate product assortments, and deliver an excellent value proposition for our clients
- Develop long, mid & short term plans to maximize departmental opportunities and support overall Stitch Fix strategic priorities
- Collaborate closely with the Planning team to develop and manage assortment strategies that meet or exceed financial targets.
- Cultivate effective partnerships with external brands that support long term goals and fuel short term results when needed
- Drive margin improvement initiatives and identify opportunities to maximize profitability
- Lead Vendor negotiations that support favorable cost structures, pricing strategies, and margins while delivering on great product quality
- In partnership with Planning, manage weekly sales performance, pricing strategies, and inventory levels to deliver on financial targets
- Develop pricing strategies that leverage marketing opportunities and seasonal shopping trends to deliver the right value to clients, optimize margin and improve inventory productivity.
Notes :
This position will require a hybrid in office role at our spacious offices and warehouse in New Brunswick, NJ. Please only apply if you are able to commute to our office.
About Us :
We are a dynamic and truly creative and industry leading company. We have a proud history as a wholesaler and distributer offering major brands in the fashion and luxury categories for over 40 years. We have a successful and rapidly growing business working with many ecommerce sales channels, traditional retailers, and brand partnerships.