- Oversees all aspects of the buying process for a medium/high volume product category in support of the Retail and property strategic plans.
- Responsible for buying specialty categories including but not limited to kids, gift, licensed, and entertainment.
- Creates a compelling assortment that will meet financial targets and support core property brand objectives.
- Analyzes historic data, trends, product assortment, and competition to develop the strategy.
- Analyzes current practices to identify business opportunities and in-season risks.
- Participates in the merchandising budgetary process for properties which includes inventory, sales, receipts, markdowns, turn, gross margin percent and weeks of supply.
- Evaluates current state of business to manage inventory in season; including driving markdowns and exit strategy in collaboration with corporate and property retail leadership.
- Negotiates exclusive offerings, terms, pricing, vendor funded markdowns, return-to-vendor agreements, and drop-ship programs.
- Develops and maintains effective working relationships with members of cross-functional teams and is able to influence them to achieve results.
- Maintains knowledge base of potential new vendors and product concepts.
- Develops target customer profile for properties through market data, competitive shopping analysis, and business trends.
- Understands target customer profile for all properties through market data, competitive shopping analysis, and business trends.
- Understands and reacts to changing market trends to ensure competitive advantage.
- Supports and mentors diversity vendors by communicating the vendor diversity certification process and vendor compliance to support MGM Resorts International's Corporate Social Responsibility initiatives.
- Leads, mentors, and trains junior team members; makes performance recommendations as appropriate.
- Bachelor's degree or equivalent education and work experience.
- 3+ years Retail buying experience or equivalent field.
- Buying/purchasing experience.
- Retail Math experience.
- Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more.
- Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community.
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Retail Buyer - Las Vegas, United States - MGM Resorts International
Description
The SHOW comes alive at MGM Resorts International.
Have you ever wondered what it would be like to work in a place full of excitement, diversity, and entertainment? Are you enthusiastic about being a team player in one of the most fascinating industries in the world? At MGM Resorts, we seek individuals like YOU to create unique and show-stopping experiences for our guests.
This is a position based in the Las Vegas, NV area.
THE JOB:
It is the primary responsibility of the Buyer to communicate and execute retail buying strategies for achieving sales and financial objectives in support of property financial goals. The Buyer focuses on ensuring all properties have a product assortment that is unique to each property.
THE DAY-TO-DAY:
THE IDEAL CANDIDATE:
THE PERKS & BENEFITS:
Are you ready to JOIN THE SHOW? Apply today
