INACTIVE
Full-Time
Senior Buyer
Posted on 4/3/2024
Seasonal subscription boxes with personalized items
Consumer Goods
Compensation Overview
$115,000 - $130,000Annually
+ Equity + Medical + Dental + Vision + Other perks & benefits
Senior
Los Angeles, CA, USA
Required Skills
Sales
Communications
Marketing
Requirements
- Bachelor's degree in Merchandising, Business, Communications or a related field
- 7+ years buying experience in omni channel retail environment (Subscription or off price model preferred) managing revenue of $100M+
- Strong rolodex with existing contacts and relationships in the Women's lifestyle category
- Experience managing 60+ active brand conversations at one time
- Confident negotiating costs, managing an order from PO placement through transportation and on-time delivery
- Seasoned ability to effectively communicate and influence teams around product, ideas, negotiations, etc.
- Ability to manage open-to-buy (OTB) and meet company financial goals
- Can develop and execute short and long-term strategies for box and e-commerce initiatives
- Adaptable to change and receptive to feedback and suggestions
- Previous experiencing managing a team / multiple Buyers
- Strong organizational and multitasking skills, with ability to meet deadlines
- Advanced Excel knowledge / retail math
- Ability to travel seasonally for market/trade shows
Responsibilities
- Develop and manage new and existing premiere / tier 1 category partnerships
- Source and buy items according to plan for our seasonal subscription box and corresponding e-Commerce flash sales while maintaining a well balanced assortment
- Structure deals and lead negotiations with brand partners that meet cost targets and maintain gross margin profitability
- Execution of complex deals by working cross-functionally with the Operations,Legal, Marketing, Production, Planning, and Merch Strategy teams
- Partner with category Director, Brand Partnerships to develop annual and seasonal category and subcategory strategies inclusive of all merchandising initiatives
- Work closely with Merchandising Planning partners to forecast sales, markdowns, margins and inventory to plan
- Manage junior-level direct reports (Buyer + Assistant Buyer) and ensure that the team is being developed and meeting goals
- Review hindsight business analysis after corresponding sales/Box seasons to ensure learnings & new opportunities are clear and actionable for team
- Conduct competitive marketplace analysis to assess and create business opportunities
FabFitFun offers a seasonal subscription box with full-size items across various categories, leveraging personalized curation algorithms and an online platform. The product integrates technology to drive member engagement and enhance the overall subscription experience.
Company Stage
Series A
Total Funding
$237.7M
Headquarters
Los Angeles, California
Founded
2010
Growth & Insights
Headcount
6 month growth
↓ -2%1 year growth
↑ 1%2 year growth
↓ -1%INACTIVE