Key Responsibilities:
Vendor Relations:
Liaise with stores and senior merchandiser team to ensure timely product deliveries and exclusivity (if required).
Effective client servicing.
Inventory & Assortment Planning:
Analyze sales data to determine rapid-moving vs. slow-moving products and adjust inventory accordingly.
Plan and execute seasonal sales strategies in collaboration with Sr merchandiser and Stores.
Ensure a balanced mix of styles, price points, and merchandise at the store to cater to customer preferences.
Forecast demand and prevent overstocking or stockouts.
Sales & Performance Optimization:
Monitor sales performance and suggest markdowns/promotions for slow-moving inventory.
Work with the store sales team on product knowledge and upselling techniques.
Reporting & Analytics:
Generate weekly/monthly reports on sales, stock turnover, and profitability.
Use data insights to recommend pricing strategies and product placements.
Qualifications & Skills:
1 year in retail merchandising, buying, or inventory management (preferably in multi-designer fashion/luxury retail).
Robust understanding of fashion trends, fabrics, and designer wear markets.
Proficiency in MS Excel, Pivots, ERP.
Excellent negotiation, communication, and analytical skills.