Full-Time

Assistant Buyer

Kids

Updated on 12/3/2024

Stitch Fix

Stitch Fix

1,001-5,000 employees

Personalized online styling and clothing delivery

Data & Analytics
Consumer Goods

Compensation Overview

$61.5k - $90.5kAnnually

+ Annual Cash Award

Junior, Mid

Remote in USA

Category
Product Management
Product Strategy
Product
Required Skills
Inventory Management
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • You have a Bachelor's Degree with a minimum of 2+ years of experience in a retail buying or merchandising role
  • You have experience with Vertical Retailers and/or Private Label is preferred, Children’s wear experience is a bonus
  • You are proficient in Microsoft Office/Google Suite (Excel/Word/PowerPoint) and love learning new systems
  • You know retail math and business metrics
  • You are knowledgeable about market trends, and have an understanding of client preferences
  • You are analytical and enjoy using client feedback to drive assortment decisions
  • You have a keen eye for product and experience spotting and reacting to trends across the market
  • You are comfortable taking calculated risks to achieve results, and thrive in an environment where you are empowered to make data-driven, bold decisions
  • You are detail-oriented, organized and possess effective time management skills and have proven you can thrive in a fast-paced, nuanced environment where bold and proactive decision-making is essential
  • You have worked in an environment where change is constant and you’ve demonstrated your ability to maintain flexibility and a solutions-driven approach
  • You have developed strong negotiation skills
  • You have strong oral and written communication skills
  • You thrive in a feedback driven environment
  • You are able to travel up to 25-30% of the time
  • Above all else, you are Bright, Kind and Motivated by Challenge
Responsibilities
  • Develop and execute merchandising strategies to achieve financial and client goals, driving seasonal line plans across brands and partners
  • Collaborate with cross-functional teams, including Buying, Planning, Styling, and Marketing, to ensure a cohesive product assortment and customer experience
  • Conduct market research and competitive analysis to identify trends, risks, and opportunities that inform buying and merchandising decisions
  • Build and maintain strong vendor relationships, negotiating contracts, pricing, and delivery terms to optimize profitability and performance
  • Monitor and analyze sales data, inventory levels, and client feedback to guide future assortments and improve overall results
  • Strategically manage the vendor matrix, maximizing product opportunities and aligning with financial and operational goals
  • Mentor junior team members and contribute to team discussions, fostering collaboration to meet business objectives

Stitch Fix offers a personalized online styling service that provides curated fashion selections to clients, primarily targeting busy professionals and fashion enthusiasts. Clients begin by completing a style profile that includes their size, style preferences, and budget. Using this information, Stitch Fix's stylists, aided by algorithms, select clothing items and accessories tailored to each individual. These items are shipped directly to clients, who can try them on at home and only pay for what they choose to keep. The company operates on a subscription model, charging a styling fee that can be credited towards purchases, and also profits from the markup on sold items. Stitch Fix differentiates itself by combining personalized styling with the convenience of online shopping, and it is focused on expanding its services, including direct buy options and international reach. The goal of Stitch Fix is to simplify the shopping experience and make fashion accessible to a wider audience.

Company Stage

IPO

Total Funding

$46.3M

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-3%

2 year growth

-14%
Simplify Jobs

Simplify's Take

What believers are saying

  • The company's focus on personalized styling and convenience appeals to high-value customers, potentially driving higher revenue per client.
  • Recent leadership appointments, including a new Chief People Officer, indicate a strong commitment to organizational transformation and employee engagement.
  • Innovative partnerships, such as the collaboration with Spotify for Style Tune Ups, showcase Stitch Fix's ability to integrate fashion with other lifestyle elements, enhancing its market appeal.

What critics are saying

  • A 16% year-over-year decline in net revenue and a 6% decrease in active clients highlight potential challenges in maintaining customer engagement and growth.
  • The need to continually innovate and personalize experiences requires significant investment in technology and talent, which could strain resources.

What makes Stitch Fix unique

  • Stitch Fix leverages advanced data algorithms and a team of stylists to offer highly personalized fashion recommendations, setting it apart from traditional retail models.
  • The combination of a subscription-based service with direct sales provides a unique business model that balances recurring revenue with flexibility for the customer.
  • Stitch Fix's extensive customer insights allow it to tailor experiences more precisely than many competitors, enhancing customer satisfaction and loyalty.

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