Online Buyer/Merchandiser for Multi-Designer Luxury Retail Brand (Female)

Job Title: Online Buyer/Merchandiser for Multi-Designer Luxury Retail Brand

Job Summary:

We are seeking an experienced and talented Online Buyer/Merchandiser to join our multi-designer luxury retail brand. As an Online Buyer/Merchandiser, you will be responsible for selecting and curating the assortment of products for our e-commerce platform. Leveraging your industry knowledge, trend awareness, and analytical skills, you will drive the growth of our online business while ensuring alignment with the brand's luxury positioning. Females with 2-4 years of experience in the luxury retail industry, preferably from NIFT or Pearl Delhi, are encouraged to apply.

Responsibilities:

• Assortment Planning:
• Collaborate with the buying team to develop a comprehensive assortment plan that aligns with the brand's vision, target audience, and market trends.
• Conduct in-depth market research and competitor analysis to identify emerging trends, customer preferences, and potential opportunities for product expansion.
• Continuously monitor product performance and sales data to make informed decisions regarding assortment adjustments, new launches, and exclusives.
• Vendor Management:
• Build and maintain strong relationships with existing and new vendors, negotiating favourable terms and conditions for the brand.
• Source and evaluate potential new vendors, conducting market visits and attending trade shows to discover unique designers and luxury brands.
• Collaborate with vendors to ensure timely product deliveries, resolve any issues related to quality or logistics, and maintain strong communication channels.
• Inventory Management:
• Monitor inventory levels, product sell-through, and stock aging to ensure optimal stock availability while minimizing overstock or markdown risks.
• Develop and implement effective inventory strategies, including seasonal buys, replenishment plans, and inventory optimization techniques.
• Collaborate with the planning and logistics teams to forecast demand, manage lead times, and ensure timely order fulfilment.
• Pricing and Margin Management:
• Analyze market trends, competitor pricing, and customer buying behaviors to establish competitive and profitable pricing strategies.
• Monitor and manage product margins, proposing pricing adjustments when necessary to achieve sales targets and maintain profitability.
• Collaborate with the finance team to analyze cost structures, negotiate favourable terms, and maximize margin potential.
• Data Analysis and Reporting:
• Utilize analytical tools and systems to analyze website metrics, customer behaviour, and sales data to identify trends, insights, and areas for improvement.
• Generate regular reports on product performance, sales analysis, and key performance indicators (KPIs) to inform decision-making and evaluate the effectiveness of merchandising strategies.
• Provide actionable recommendations to optimize product assortment, pricing, and promotional strategies based on data-driven insights.

Qualifications:

• Bachelor's degree in Fashion Merchandising, Business Administration, or a related field.
• 2-4 years of experience as an Online Buyer/Merchandiser in the luxury retail industry.
• Strong knowledge of luxury fashion brands, designers, and current market trends.
• Experience in sourcing and working with vendors, negotiating terms, and building successful partnerships.
• Proficiency in using e-commerce platforms and content management systems (CMS).
• Analytical mindset with the ability to interpret data, generate insights, and make data-driven decisions.
• Strong organizational skills with the ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• Excellent communication and negotiation skills to effectively collaborate with vendors and internal stakeholders.
• Proficient in using Microsoft Excel or similar software for data analysis.
• Familiarity with SEO principles and best practices is a plus.

Join our team as an Online Buyer/Merchandiser and contribute to the success of our multi-designer luxury retail brand by curating an exceptional assortment of products for our discerning customers. Leverage your industry knowledge, analytical expertise, and strong vendor relationships to drive growth and profitability in the dynamic world of luxury e-commerce. Females with 2-4 years of relevant experience from NIFT or Pearl Delhi are encouraged to apply.

Share your CV : renu.joshi@ogaan.com

Job Type: Full-time

Pay: ₹21,390.29 - ₹50,000.00 per month

Work Location: In person