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This buyer role will concentrate on loose, call and strategic sourcing for the merchandise team. This role will develop and maintain merchandise assortments for assigned categories that will achieve budgeted sales and margin plans while adhering to specific inventory levels and budgets and meeting product quality standards. Serve as the internal supplier of loose diamonds as needed for product manufactured by Helzberg and assist the merchandising team with quality standards for all diamond product, including lab grown. Ensure competitive pricing for Helzberg’s sourcing of diamonds, gemstones and metals. The incumbent must have highly developed relationship building skills to build and maintain effective relationships with external merchandise vendors to achieve merchandising strategies.
Job Responsibility:
Develop and implement merchandise assortments and projects for loose stones and call stones to meet objectives for all distribution channels
Understand competitive landscape
stay attuned to changing market dynamics and logistics
Conduct cost analysis on all diamond product, and other basic jewelry categories, to reduce overlap between channels, procurement costs and / or improve gross margin
Deliver year over year cost reductions through a total cost of ownership mindset
Be the primary contact and subject matter expert for our diamond certification partners, external laboratories and other supply chain relationships
Improve process and efficiencies with these vendors
Develop and manage partnerships with vendors, including negotiating favorable terms and sourcing to ensure all product meets the company's merchandising and financial objectives
Work with vendors to resolve issues
Evaluate vendor performance and make recommendations to merchandise on how to meet business needs
In conjunction with merchandise team, support the management of diamond feeds for the online builders
Develop a standard merchandise RFP process and perform, with assistance from the Buying Teams, merchandise RFPs on specific product categories
Manage support staff or assist with training and development of buying staff
Support the distribution center in maximizing the recovery of unwanted inventory for sell-off
Requirements:
Bachelor’s degree in Retail Management, Business Administration, or related field
Seven to ten years of merchandise management experience required, or an equivalent combination of education and experience
Extensive jewelry and diamond knowledge preferred, along with demonstrated vendor negotiation experience and project management skills
Experience in product planning and forecasting, vendor negotiations, pricing analyses and inventory control is required
Demonstrated knowledge of core buying skills required
Strong analytical skills, retail math and proficiency with Microsoft Word, Excel and PowerPoint required
Hybrid schedule with predictable onsite attendance required three or more days per week to perform essential functions involving interactive behaviors with co-workers and managers, operation or manipulation of equipment and/or materials located only on site, and direct interaction with internal and/or external customers