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Associate Buyer, Men's

Employer
Ralph Lauren
Location
New York, New York, United States
Closing date
20 May 2021

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Job Details

Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, and Club Monaco, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.

Position Overview
Accountable for product selection and product performance. Bottom-line financial accountability for product area (shared with Buyer and Planner). Support the Buying and Planning team to establish the optimal commercial assortment for the North America full-price store and ecommerce businesses

Essential Duties & Responsibilities

* Partner with the Buyer to formulate and profitably execute the development, selection, procurement and promotion of merchandise
* Develop seasonal product assortment strategies that align with planning targets of sales, SKU counts, productivity and product trends
* Review product assortments with Buyer to insure the integration of brands and balance of price points
* Partner with planning to continually manage the business through in-season analysis and tactical adjustments
* Support in-season assortment management, allocations, stock transfers, markdowns, returns, etc.
* Regularly communicate with visual presentation regarding inventory levels and assortment changes based on business trends
* Participate in fiscal planning by recommending areas of strategic focus for the product area: identify growth, maintain and down trending businesses and brands
* Plan and project basic and key item styles
* Ensure that flow of receipts supports current and future businesses
* Conduct with buyer weekly, monthly and quarterly strategy meeting and gain buy-in from store line, marketing, visual presentation, allocation and ecommerce operations
* Facilitate ongoing communication with planning and distribution teams
* Visit and sell-in stores monthly: shop the competition regularly for trends and product opportunities
* Create unit buys for seasonal assortments that align with seasonal plans, historical opportunities and new initiatives
* Develop and manage merchandise assistant through training, coaching and development plans that support the business and merchandise assistant's needs

Experience, Skills & Knowledge
Required Skills/Qualities:
* Customer, marketplace and product expert
* High proficiency in Microsoft Excel and PowerPoint
* Strong analytical skills and retail math comprehension
* Effective cross-functional communication and presentation skills
* Decision making capability clearly driven by conceptualizing future opportunities and developing strategic product and business initiatives
* Creative, assertive and solution-oriented when faced with difficult business performance and/or challenging directives from the Buyer and Planner
* Prioritize and direct multiple activities
* Highly organized and detail-oriented
* Stretch Skills/Qualities:
* Multi-category and multi-channel experience
* Work independently of the Buyer
* Effective leadership and team building skills, including the ability to motivate, negotiate and influence effectively across departments and divisions
* Consistently make confident and independent recommendations and accept accountability for achieving business goals
* Establish, nurture and utilize internal and external partners to drive the business
* Develop a culture and an environment that fosters respect for the ideas of others and supports ongoing collaboration to execute business strategy

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