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Buyer - Fine Jewelry

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Hoffman Estates, IL

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Job Description
The Buyer is responsible for meeting planned sales, margin and inventory turnover goals for their designated area, primarily fashion and bridal diamonds. The objectives will be met through focused merchandise assortments productive marketing and sound merchandise management. The Buyer may have brand management, product development or open market responsibilities. Merchandise is purchased to maximize results while enhancing the overall department, group and company strategy. This position reports directly to the Division Merchandise Manager or General Merchandise Manager and has management responsibility for Associate Buyers and Buyers Assistants. This position works closely with the management team, merchandise planning team, promotional planning team, merchandise placement team and the merchandising support team to significantly improve the profitability and maximize shareholder value. Job Duties/Responsibilities:Executes sales, margin and inventory plans Monitors performance versus plan to identify trend opportunitiesManages all aspects of the merchandise offering - selection, negotiation, promotion and dispositionDevelops customer driven assortments that support departmental goals and key item focusProvides collaborative guidance, direction and support to the planning organization in the development of merchandise, key item and ladder plansEnsures the merchandise selection matches customer needs, customer orientation and satisfactionEnsures merchandise mix balances quantity, style, size and price consistent with company and individual market requirementsDevelops line strategiesPrepares for and presents products at Assortment Reviews/Style Outs, Line and Business ReviewsAttends relevant trade shows, markets and events to observe market trends, gather product information, selects merchandise and establish business relationships with viable vendorsVisits stores to evaluate merchandise mix, observes competition, weighs individual store needs and translate findings into executable product plansManages integration with Product Development regarding design, sourcing and brand developmentEstablishes collaborative relationships with placement to ensure availability and the timely delivery of merchandiseDevelops and maintains relationships with vendors. Interacts with the vendor community within Sears' standards and codes of ethicsManages vendor performance to maximize profitability and achieve financial objectivesSelects products to maximize return of advertising expenses. Partners with marketing team to reconcile marketing plans and promotional calendar. Monitors and maintains promotional performancePartners with the planner to complete accurate forecasts by evaluating financial information, current trends and anticipated market changes that impact buy decisions and strategiesCoaches and develops Associate Buyers, Assistant Buyers and Buyer Apprentices to ensure growth and readiness for next level position.Drives compliance and standards with processes, policies, tools, and associates within the groupEnsures promotional execution accuracy (pricing, signage, etc.)Performs other duties as assigned

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