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Buyer, DTC Merchandising - Lee

Company: VF
Location: Greensboro
Posted on: August 7, 2022

Job Description:

Job DescriptionKontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company with a portfolio of some of the world's most iconic consumer brands: Wrangler and Lee. We design, manufacture and distribute superior high-quality products that look good, fit right, and are crafted with sensitivity to our planet to give people around the world the freedom and confidence to express themselves. With a presence in more than 60 countries and a heritage spanning a combined 200 years, our global community of more than 14,000 employees fosters a culture of integrity, collaboration, performance and entrepreneurial spirit. We are looking for inclusive, humble, creative and forward-looking employees with a passion for creating innovative apparel products, accessories, and solutions that are both meaningful and purposeful for consumers and employees. Buyer, DTC Merchandising - Lee: Become the Newest Member of Kontoor Brands Assortment strategy: Lead assortment strategy for assigned categories in collaboration with Brand Merchandising and Cross-Functional teams (Licensing, Marketing, Design) as applicable. Develop data-based recommendations regarding assortment including style, color, size and segment to ensure that the specific needs of the business are met. Strategize with Marketing team on brand marketing spend to inform inventory investment.Responsible for product selection and creation of purchase orders focusing on order accuracy. Conduct timely follow ups on purchase orders and inventory delivery schedules on a continual basis.Maintains excellent partnerships with external vendors and internal cross functional teams. Collaborates with business partners such as Supply Chain, Customer Service and DC to determine the appropriate timing of initial and replenishment deliveries. Elevate awareness of key launches with internal team and troubleshoot potential delays.Pricing strategy: Work with Merchandising and Business Unit leaders to create and execute a pricing/promotional strategy to maximize revenue while maintaining margin. Keep informed of pending price increases, new products, cancelled products, and products that will become obsolete, taking the appropriate actions necessary to optimize opportunities and minimize inventory risks.Product sales analysis: Analyze sales trends and inventory levels and report out weekly on assigned categories. Work with forecasting, operations and customer service to ensure that proper inventory levels are met to avoid out-of-stocks and excess inventory on hand.Inventory/Guidance: Develop topline sales and product inventory plans. Analyze and recap sales results to plan to provide guidance/education to the overall business and to adjust forecasts up or down as needed to reduce surplus or drive incremental sales.Reviews seasonal and replenishment assortments with Ecom Merchandising and Marketing to brief on product stories, launches and key focus. Align promotional strategies for consistency and clarity of messaging.Partners with Ecom Merchandising team to review site metrics and online merchandising insights to improve product performance. Collaborate to confirm timely product optimization on site; new product being turned on and discontinued product.Manage promotional calendar, analyze performance, and adjust timing as needed.Coach, develop and mentor Associate/Assistant Buyers on team.Balances overall DTC inventories for the company through tracking of product deliveries and timing the delivery of initial and replenishment distributions to achieve the highest return on investment. Communicates delivery updates to internal teams with recommended assortment changes if needed.Plans and executes markdown strategies through reviewing sales results, researching sales and inventory by class each month and draws conclusions about business trends to ensure greatest margin potential for our business.Engages in seasonal line reviews and applies current selling and trend knowledge to support future buying strategy. Ensures that ecommerce teams have sales collateral, pricing, and merchandising information in a timely manner to execute plans seamlesslyFor monthly and quarterly business reviews, provide review of business performance vs. plan and review performance of seasonal products to identify opportunities and risk. Prepare and present reports and analysis needed for all financial recaps and reviews including test results.Key Responsibilities: Assortment Strategy - Seasonal buys, Replenishment, Inventory, Sales PlanningPricing/Promotional Strategy/Product Story StrategyProduct Sales AnalysisSite Merchandising & Marketing CollaborationSkills for Success: Extensive PC skills (MS Office programs, inclusive of presentation skills via Power Point and analytical skills via Excel). Advanced in Excel and in manipulating data with advanced formulas and functions.Strong financial and quantitative analysis acumen; Mastery of all components of retail math.Ability to lead, coach and develop staff to improve performance and achieve professional goalsEstablish and maintain effective relationships with other management staff, employees and others with whom the company conducts businessRead, analyze and interpret policies, procedures and other business practices, guideline and documents.Aptitude to analyze discrete data to identify trends, issues and opportunitiesExperience/Education: Years of Related Professional Experience: 5+ years of prior experience in a buying, planning, and assortment strategy capacityBachelor's Degree (BA) or equivalent from four year college or university; or equivalent combination of education and experience.Special Physical and/or Mental Requirements: Willing and able to work additional hours when neededBend, lift, open, and move product and related office items varying in weight from 1 to 25lbs, depending on need

Keywords: VF, Greensboro , Buyer, DTC Merchandising - Lee, Hospitality & Tourism , Greensboro, North Carolina

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