Hong Kong Job Openings

Ralph Lauren

ASSOCIATE BUYER

Tsim Sha Tsui

September 4, 2024

Ref #:

W144962

Department:

Merchandising & Planning

City:

Tsim Sha Tsui

State/Province:

Kowloon

Location:

Hong Kong

Company Description

Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands.

At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.

Position Overview

Essential Duties & Responsibilities

Responsibilities:
1) Support the development of the range within brand DNA and financial target:

Analyze past sales to support the development of the new season strategy
Work with division manager to determine the optimum way to invest OTB by class
Build the range based on past season best seller, full price trends & regional needs
Identify new opportunities and work with the Corporate merchandising & sourcing to include new product in the range
Work closely with the US & the EU teams to leverage on their buy strategy and their experience
Present the range to the management to validate the buy
Post-buy, develop and present a seasonal hand-off to communicate the seasonal strategy to the retail and visual merchandising team

2) Ensure smooth and timely execution of the buy:

Upon range confirmation take the lead on buy execution
Determine pricing based on full price pricing structure
Analyze and determine size curve by market
Ensure orders are place accurately and on time
Manage relationship with the sourcing department

3) Manage business in season in collaboration with planning & allocation:

Track receipt to ensure that seasonal deliveries will arrive in the store on time
Produce and analyze selling reports and provide markdown recommendations
Present a business summary on a weekly basis to the Buying and Planning management to discuss key business highlights, risks and opportunities, product best and worst performance and propose any required action
Work with key partners to ensure the execution of the sales strategy
Work closely with the retail team in order to understand the business trends and customer expectations
Collaborate with visual merchandising team to build seasonal guidelines and ensure that the assortment is present on the floor as planned.
Work closely with planning team to build seasonal strategy, invest OTB and determine markdown and promotional strategy
Communicate with allocation to ensure assortment is delivered on time and that key items are always on the floor with sufficient depth

Experience, Skills & Knowledge

Responsibilities

3+ years retail merchandising buying related experience
Strong analytical skills and ability to identify commercial opportunities based on analysis produced
Highly organized and the ability to prioritize team work schedule based on broader business requirements
Curious, willing to develop and solution-oriented
Computer proficient in Excel, Word and Power Point
Good communication skills in English both upwards to Senior Management and laterally to business partners both internal and external
Remain driven when faced with challenging trading positions and/or directives from senior management
To demonstrate an ability to operate independently within set business goals, working closely with senior business partners
Candidates with less experience will be considered as Assistant Buyer

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