Full-Time

Senior Buyer

Women's

Posted on 12/17/2024

Stitch Fix

Stitch Fix

1,001-5,000 employees

Personalized online styling and clothing delivery

Data & Analytics
Consumer Goods

Compensation Overview

$129.9k - $191kAnnually

+ Equity Grants

Senior, Expert

Remote in USA

Category
Product Management
Product
Required Skills
Market Research
Inventory Management
Data Analysis
Requirements
  • You have a Bachelor’s degree, with 8+ years of industry experience, diversified across multiple categories, brands and channels (required). Experience in market brands, Private Brands (and/or DTC) is strongly preferred.
  • You have at least 2 years of experience managing direct reports and are excited to mentor, develop and inspire others in their career journey.
  • You have a keen eye for fashion trends and skillfully translate them for appropriate client segments.
  • You have a track record of driving a profitable business, with a focus on balanced assortments that serve your clients and broader business objectives in a strategic way.
  • A keen eye for fashion trends and experience in effectively commercializing these trends to serve your target consumer.
  • You are skilled at driving the product development process from start to finish.
  • Experience in creating data-driven line-plans, shopping-lists, and trend direction in order to inform vendors and/or design partners on product needs. You are versed in providing fit direction to maximize commerciality of styles.
  • You are versatile, having a range of experience buying across different aesthetics, price points and age groups, and can adapt product strategies accordingly.
  • You embrace innovation, both transformational and incremental, and thrive in an environment where taking calculated risks, testing, and reacting is the norm.
  • You have demonstrated success in vendor negotiations and contract management, leveraging your ability to build excellent partnerships rooted in trust.
  • You are an excellent story-teller, communicating product vision and financial impact in an engaging and clear manner.
  • You have a keen ability to effectively balance Art and Science (data) to inform strategic assortment decisions.
  • You are detail oriented, organized and possess effective time management skills and have proven you can thrive in a fast paced environment where bold and proactive decision making is essential.
  • You prioritize team development and have a track record of identifying and growing talent.
  • You have excellent leadership and team management skills with the ability to inspire and motivate a team.
  • You have excellent communication and collaboration skills to work cross-functionally and influence key stakeholders and leadership.
  • You are able to travel up to 30% of the time (i.e. San Francisco, Los Angeles, New York).
Responsibilities
  • Drive the overall assortment strategies for multi-channel and multi branded business; curate brands and products that meet client needs and deliver on financial targets for your categories.
  • Leverage client insights and data to build a deep understanding of client opportunities to build a best in class assortment for clients.
  • Conduct market research, trend analysis, and competitor benchmarking to identify brand matrix opportunities, curate product assortments, and deliver an excellent value proposition for our clients.
  • Develop long, mid & short term plans to maximize departmental opportunities and support overall Stitch Fix strategic priorities.
  • Collaborate closely with the Planning team to develop and manage assortment strategies that meet or exceed financial targets.
  • Cultivate effective partnerships with external brands that support long term goals and fuel short term results when needed.
  • Drive margin improvement initiatives and identify opportunities to maximize profitability.
  • Lead Vendor negotiations that support favorable cost structures, pricing strategies, and margins while delivering on great product quality.
  • In partnership with Planning, manage weekly sales performance, pricing strategies, and inventory levels to deliver on financial targets.
  • Develop pricing strategies that leverage marketing opportunities and seasonal shopping trends to deliver the right value to clients, optimize margin and improve inventory productivity.
  • Leverage the expertise of cross-functional Data Scientists and the vast amount of client & style-specific feedback in building a robust vision for your product categories.
  • Partner with internal Private Brands teams to define the strategies, processes and vision that will deliver product excellence in our Private Label assortments.
  • Lead cross-functional task forces in support of key strategic priorities as needed.
  • Support Merchandising Leadership Team with other projects and deliverables as needed.
  • Lead a team, with at least 2 direct reports, and provide mentorship to other team members, prioritizing development, coaching, and clear/actionable feedback.
  • Foster a collaborative and high-performance culture, inspiring the team to achieve individual and collective goals.
  • Provide guidance and hold team accountable to delivering product excellence, with a clear and consistent price/value relationship and client-first mindset.

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' homes, allowing them to try on the selections at their convenience. Clients only pay for what they choose to keep, while a styling fee is charged for each shipment, which can be credited towards purchases. Stitch Fix differentiates itself from competitors by combining a subscription-based model with direct sales and focusing on personalized service. The company's goal is to simplify the shopping experience and expand its offerings, including direct buy options and international markets.

Company Stage

IPO

Total Funding

$46.3M

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-14%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized fashion boosts Stitch Fix's market potential.
  • Digital retail subscriptions are growing, aligning with Stitch Fix's business model.
  • AI and virtual try-on tech can enhance Stitch Fix's service offerings.

What critics are saying

  • Rising competition from digital styling platforms like The Floorr.
  • Economic challenges may reduce consumer spending on Stitch Fix's services.
  • Demand for personalized expertise may strain Stitch Fix's stylist resources.

What makes Stitch Fix unique

  • Stitch Fix uses data algorithms for personalized fashion recommendations.
  • The company offers a unique subscription-based and direct sales business model.
  • Stitch Fix combines personal stylists with AI to enhance client experience.

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