At a Glance
- Tasks: Negotiate with suppliers, plan seasonal merchandise, and monitor market trends.
- Company: Join NET-A-PORTER, the leading luxury retailer known for exceptional fashion and service.
- Benefits: Enjoy flexible working, performance bonuses, staff discounts, and private healthcare.
- Why this job: Be part of a fun, supportive team while shaping the future of luxury retail.
- Qualifications: Significant buyer experience in luxury retail and strong negotiation skills required.
- Other info: Opportunity to work in a fast-paced environment with a focus on innovation.
The predicted salary is between 43200 - 72000 £ per year.
Senior Buyer, NET-A-PORTER – Fine Jewellery & Watches
Apply locations London, UK
Job Type: Full time
Posted on: Posted 30+ Days Ago
Job Requisition ID: R-15909
NET-A-PORTER delivers incredible fashion for incredible women. As the world’s leading luxury retailer with the most authoritative product edit globally, the site offers the ultimate curation of fashion from the most coveted designer brands, the most exceptional assortment of fine watches and precious jewelry, and more than 200 specialist beauty brands.
NET-A-PORTER champions unparalleled customer service offering express worldwide shipping to more than 170 countries including same or next-day delivery to the UK, US, Hong Kong, Germany, France, Australia and Singapore.
NET-A-PORTER is now seeking a talented Senior Buyer to join the team. Some of the essentials for you to know are:
Location: Our Westfield office in London
Reporting into: Head of Concessions & Hard Luxury Buying & Merchandising
Besides a competitive salary, we can offer you:
- Performance bonus schemes dependent on the type of role you are in
- A pension that both you and the company contribute to
- A portal with an array of discounts on things like theme park and cinema tickets
- Our famous staff discount along with exclusive staff sales
- Private healthcare for you and your family
- Flexible working
- A chance to be part of a fun and caring team that supports each other
Here’s a breakdown of what you’ll be doing:
- Negotiate with suppliers to secure exclusive ranges/brands and optimize the profit margin
- Work with Merchandising to plan the seasonal OTB and ensure it is monitored closely in season
- Establish a balanced range of merchandise suited to the customer profile of the company
- Be proactive in understanding the competition and take action to minimize market share loss
- Determine pricing strategies based on market reviews and supplier financials
- Ensure intake business margin is maintained and proactively improved
- Be innovative and forecast upcoming trends
- Familiarize with local and overseas market situations and trends
- Source newness and maintain a leading market position
- Actively create and use collaborations/exclusives to grow the business
- Ensure timely delivery of merchandise and consistent quality
- Monitor sell-through and deliveries of all vendors
- Drive continuous range planning and execution of sales and stock targets
- Work closely with internal stakeholders and Marketing
- Manage the business relationship with the suppliers
- Provide accurate knowledge and information to sales staff
- Train sales staff in all aspects of their merchandise
- Demonstrate and reinforce the NET-A-PORTER Vision and Values
- Identify and execute ways to increase team member loyalty and satisfaction
- Monitor and review performance of direct reports
- Complete and present performance appraisals in a timely manner
The type of person we are looking for:
- Significant experience operating at Buyer level within a luxury retail environment
- Good understanding of the Fine Jewellery and Watches industry
- Proven commercial experience in a fast-paced environment
- Proven track record of creating positive impact through buying strategy
- Strong networking and negotiation skills
- Good judgement and decision-making skills
- Confidence in suggesting calculated risks
- Strong analytical and IT skills
- Exceptional people management experience
From the moment you join the YOOX NET-A-PORTER GROUP, we are committed to making your journey with us inspirational and evolutionary. If you are passionate, committed, and thrive in a collaborative and fast-paced environment, then please apply with a CV.
About Us
YOOX NET-A-PORTER is a leading online luxury and fashion retail business. We connect customers to the world’s most coveted brands, bringing them outstanding style and impeccable service.
YOOX NET-A-PORTER is part of Richemont. If you require any reasonable adjustments to complete your application, please do not hesitate to advise us accordingly.
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Senior Buyer, NET-A-PORTER- Fine Jewellery & Watches employer: YOOX NET-A-PORTER GROUP
Contact Detail:
YOOX NET-A-PORTER GROUP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Buyer, NET-A-PORTER- Fine Jewellery & Watches
✨Tip Number 1
Familiarize yourself with the latest trends in fine jewellery and watches. Follow industry leaders on social media, read relevant publications, and attend trade shows if possible. This knowledge will help you stand out during discussions with the hiring team.
✨Tip Number 2
Network with professionals in the luxury retail sector. Attend events or join online forums where you can connect with other buyers and industry experts. Building these relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your negotiation strategies and past successes in securing exclusive ranges. Be ready to share specific examples that demonstrate your ability to optimize profit margins and manage supplier relationships effectively.
✨Tip Number 4
Showcase your analytical skills by being prepared to discuss how you monitor market trends and competitor activities. Highlight any tools or methods you use to analyze sales data and make informed buying decisions.
We think you need these skills to ace Senior Buyer, NET-A-PORTER- Fine Jewellery & Watches
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Buyer position. Highlight key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to reflect your relevant experience in luxury retail, particularly in Fine Jewellery and Watches. Use specific examples that demonstrate your negotiation skills and commercial impact.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the luxury retail industry and your understanding of market trends. Mention your proven track record in buying strategy and how you can contribute to NET-A-PORTER's success.
Highlight Your People Management Skills: Since the role involves managing direct reports, emphasize your experience in people management. Provide examples of how you've successfully trained and motivated teams in previous roles.
How to prepare for a job interview at YOOX NET-A-PORTER GROUP
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of the Fine Jewellery and Watches industry. Discuss current trends, key players, and how you can leverage this knowledge to benefit NET-A-PORTER.
✨Highlight Your Negotiation Skills
Prepare examples of successful negotiations you've conducted in the past. Be ready to discuss how you secured exclusive ranges or improved profit margins, as this is crucial for the Senior Buyer role.
✨Emphasize Team Collaboration
Since the role involves working closely with various internal stakeholders, share experiences where you successfully collaborated with teams like Merchandising and Marketing to achieve common goals.
✨Prepare for Analytical Questions
Expect questions that assess your analytical skills. Be prepared to discuss how you monitor sell-through rates, manage inventory, and make data-driven decisions to optimize product offerings.