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Upholds the Core Values as determined by the management team. Primary responsibility for all positions with Ace Hardware is to Amaze Every Customer Every Time. Responsible for executing the overall short- and long-term strategy for the merchandise department. Champion the department in creating and maintaining vendor relationships, developing product line strategies and reporting results.
Job Responsibility:
Manage the stock position of direct vendor inventory and assist in setting direction for inventory and merchandising strategy in the stores
Weekly re-buying of inventory and maintain/improve data integrity of IMU
Plan and execute buying for top vendors including seasonal buys, improve the stock position on micro season categories
Monitors merchandise mix as well as that of competitors to determine pricing strategy
Build and maintain SKU’S and maintain seasonal codes
Implements the financial strategy/cost structure for the categories and sets pricing to achieve category budget and objectives
Executes the business review of categories on a regular basis, determines modifications or changes to vendors, products, and in-store merchandising
Manage a close out cadence in the item promotional file
Responsible for gross margin for assigned category line(s)/department(s)
Determines advertisement item selection to deliver category strategy
Influences vendors to support overall department strategy and works to improve all aspects of supplier relationship
Negotiate with vendors to create the best terms of trade to maximize sales, margins and turn as well as obtaining and monitoring full functional discounts and freight cost reductions
Develops merchandising strategy to understand key business drivers (e.g. historical performance, industry/competitive landscape, consumer segmentation)
Attend buying shows, perform pre-show planning, order submission and processing and communicate information to leadership and at the store level
Utilize compass analytics to make decisions and report on results
Serve as a principal contributor on various key projects
Requirements:
Minimum 3 years buying experience in a hardlines retail operation, specifically with a focus in housewares and giftwares
Advanced knowledge and understanding of retail operations, merchandising, and pricing
Knowledge of and expertise in merchandising and retail planning