Senior Buyer - East Rutherford - Hudson

    Hudson
    Hudson East Rutherford

    2 days ago

    Description

    Senior Buyer - Duty-Free, Snacks & Confections

    With a career at Hudson, you really benefit We Offer:

    Health, dental and vision insurance

    Generous paid time off (vacation, flex or sick)

    401(k) retirement plan with company match

    Company paid life insurance

    Tuition reimbursement

    Employee assistance program

    Training and exciting career growth opportunities

    Referral program – refer a friend and earn a bonus

    Compensation: $105,100 to $127,400

    Purpose: The Senior Buyer is responsible for sourcing, selecting, and purchasing for Snacks in alignment with the company's goals and current trends for Duty Free locations, ensuring the right products are available to meet customer demands while maximizing profitability.

    Essential Functions:

    • Sources, develops, and curates new brands and product assortments that align with the company objectives, customer preferences and market trends
    • Monitors industry trends, consumer preferences, and competitor activities to proactively identify opportunities and challenges; adjusts assortments accordingly
    • Manages supplier and vendor relationships, negotiates pricing and terms, and maintains optimal delivery schedules
    • Analyzes sales data and performance metrics to make informed decisions on assortment mix and inventory replenishment
    • Develops and maintains an understanding of the target audience, adjusting assortments to match evolving consumer preferences
    • Address aged and slow-moving inventory levels and develop strategies for markdowns and promotions
    • Executes SKU rationalization to maximize performance based on space allocation
    • Partners with Planner using the OTB to manage stock levels
    • Develops an exit strategy on non-go forward items; negotiates RTVs, implement markdowns, promotions, and price changes

    Reporting Relationship: The Senior Buyer reports to the Senior Category Director

    Major Interdependencies: Global Category team, Supply Chain, Master Data, Revenue Generation, Planning, Space Planning, Marketing, and Operations

    Minimum Qualifications, Knowledge, Skills, and Work Environment:

    Education and Experience: The combination of education and professional experience must exceed 6 years:

    • In a technical role: Requires 6 years as in a retail operations role with a focus in buying or merchandising
    • A bachelor's degree in a business, marketing, or management program related to the functional area can count for 2 of the 6-year requirement
    • In the industry: 3-5 years of retail operations experience

    Specialized Training:

    • Training that leads to an in-depth understanding of the buying function

    Specialized Skillset/Competencies/Traits:

    • Knowledge of financial tools and concept profitability; has the ability to understand and use market research and market trend information to maximize profitability
    • Versatility, flexibility, and a willingness to work enthusiastically and independently with constantly changing priorities
    • Strong organizational skills and attention to detail; excellent written communication and interpersonal communication skills
    • Business acumen and also has the mindset required to understand the long-term implications of buying decisions and to advance the organization's goals
    • Demonstrated history of understanding the needs of the business, stakeholders, the employee population, and individual circumstances
    • Demonstrated history of creating and maintaining positive work environments to achieve common goals

    Location/Travel:

    • This position is based at the North America Support Center in East Rutherford, NJ
    • Requires ability to travel up to 15% of the time for meetings and to visit branch locations

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