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North Kingstown

    Buyer - North Kingstown, United States - Ocean State Job Lot

    Ocean State Job Lot
    Ocean State Job Lot North Kingstown, United States

    2 weeks ago

    Default job background
    Description
    Company Overview:

    Ocean State Job Lot ("OSJL" and "Company") is a leading $850+ million general merchandise retailer operating over 150 stores in the Northeast and a $75+ million shopping center business with OSJL as the anchor tenant in over 50% of its centers. At OSJL, we are committed to providing exceptional value to our customers while championing positive change in our communities and inspiring a more responsible model for retail.

    Job Description:

    The Buyer role at OSJL drives the Company's profitable sales growth. The role manages merchandising activities, develops innovative initiatives, and leverages market insights to consistently exceed net sales and gross margin targets. This role demands a keen understanding of the dynamics of the retail landscape, allowing the Buyer role to effectively plan assortments, adapt to seasonal shifts, and make data-driven decisions to optimize product offerings for customer satisfaction and long-term profitability.

    Key Responsibilities:
    • Develop sales and gross margin plans, and strategize merchandise assortments for optimal inventory investment returns.
    • Build strategic vendor relationships that deliver value to customers and drive mutual profitability.
    • Analyze market dynamics to build competitive advantages across product assortments.
    • Secure deals favorable to the company and customers, while strategically planning product placement and floor space to maximize inventory return.
    • Monitor product turnover and sales velocity, adjust plans to manage aging or underperforming inventory, and achieve category sales and margin targets.
    • Identify market trends, initiate new product development, and create private brand initiatives to increase gross margin and customer value.
    • Coordinate product placement and advertising with the Visual Merchandising team, and build relationships with Store Operations to execute the merchandise plan and boost sales productivity.
    • Communicate with the warehouse management team to optimize product flow through the distribution facility.
    Qualifications:
    • Bachelor's degree in Retail Management, Business or a related field is preferred.
    • 3 or more years of retail buying experience is required.
    • Proficient in Microsoft Excel, Paragon, Qlikview, Retail Ideas, and Google platform (i.e. Sites, Slides, Sheets, Drive, Docs).
    • Must have a valid driver's license, reliable transportation, clean driving record and auto insurance.
    Work Environment:
    • Works primarily in a climate controlled environment with minimal safety and health hazard
      potential.
    • Works in an office environment remaining stationary at a desk, table, or computer workstation for extended periods of time. Frequently uses near vision for reading and computer tasks.
    • Periodic travel to OSJL stores and to trade shows, which may include overnight and weekend assignments, may be required.
    • Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
    This job description does not list all the duties of the job.You may be asked by supervisors or managers to perform other job duties and tasks, some of which may be essential to the position.Management has the right to revise this job description at any time.The job description is not a contract, either express or implied.You are an at-will employee, meaning either you or the Company may terminate your employment at any time, with or without notice.
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