Director of Buying – Footwear
Company | Fashion Nova |
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Location | Culver City, CA, USA |
Salary | $Not Provided – $Not Provided |
Type | Full-Time |
Degrees | Bachelor’s |
Experience Level | Senior, Expert or higher |
Requirements
- BFA or BA in Fashion Merchandising, Business, or related field preferred
- Must have 15+ years of Apparel Buying/Merchandising experience, with 5 years min of Buying Management experience, ideally within women’s footwear
- Experience with product development preferred
- Must be able to adapt to constant change and multi-task in a fast-paced environment
- Must be results oriented and have excellent organizational skills
- Must have excellent written and verbal communication skills
- Must possess a keen eye for design, trends and color
- English, additional language(s) an advantage
Responsibilities
- Drive Assortment Strategy: Develop and execute buying strategies to curate trend-driven product assortments that align with customer preferences and seasonal trends, while achieving optimal SKU count and balancing newness vs. replenishment inventory
- Trend Forecasting: Stay ahead of fashion trends by conducting market research, keeping a pulse on runway trends, and analyzing social media and competitors to ensure a competitive and forward-thinking product mix. Utilize research to work with in-house production team and suppliers to drive on-trend newness
- Cost Negotiation & Margin Optimization: Lead pricing negotiations with suppliers to secure the best cost structures while maintaining product quality, ensuring profitability, and maximizing margins in a highly competitive market
- Financial Management: Manage weekly sales performance, open-to-buy budgets, pricing, margin targets, and inventory levels, ensuring alignment with sales goals and profit margins, while optimizing the balance of newness and replenishing and minimizing markdowns
- Cross-Functional Collaboration: Partner with production, replenishment, planning, and creative teams to ensure timely deliveries, fast replenishment of high-demand styles, successful promotions to maximize sales opportunities, and cohesive product launches
- Data-Driven Decisions: Utilize sales performance data, customer reviews, and market insights to continuously optimize product assortments and increase profitability
- Lead weekly open-to-buy meetings with planning and buying teams to ensure the department achieves financial targets for turn and sell-through
- Train, develop, and mentor the buying team to ensure that financial and product goals are met
- Develop and maintain a profitable and productive partnership with vendors.
Preferred Qualifications
- Experience with product development preferred
- English, additional language(s) an advantage