Key responsibilities

• Identify and research new product opportunities, market trends, and consumer demands within assigned categories
• Source new suppliers and manufacturers globally, ensuring adherence to quality, ethical, and sustainability standards
• Attend trade shows, exhibitions, and supplier meetings to identify innovative products and build strong vendor relationships
• Evaluate product samples, specifications, and pricing to determine suitability for the target market
• Develop and maintain a diverse and appealing product assortment that meets customer needs and company objectives
• Lead negotiations with suppliers on pricing, payment terms, delivery schedules, minimum order quantities, and exclusivity agreements
• Build and maintain strong, collaborative relationships with key suppliers
• Monitor supplier performance, ensuring adherence to agreed-upon terms and quality standards
• Resolve any supplier-related issues, such as quality discrepancies or delivery delays
• Develop and manage buying budgets, ensuring adherence to financial targets and profitability goals
• Forecast sales and demand for assigned products, working closely with planning and supply chain teams
• Monitor stock levels, identify slow-moving or overstocked items, and implement strategies for clearance or markdown
• Analyze sales data, market trends, and competitor activities to make informed buying decisions
• Manage product lifecycle from introduction to discontinuation
• Work cross-functionally with Merchandising, Marketing, Operations, E-commerce, and Store Operations teams
• Provide product knowledge and training to sales and store staff
• Communicate effectively with internal stakeholders regarding product performance and buying strategies
• Participate in merchandising meetings and contribute to category strategy development
• Continuously monitor competitor activities, pricing strategies, and product offerings
• Conduct market research to identify opportunities for differentiation and competitive advantage