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For Companies At a Glance
- Tasks: As a Buyer, you'll manage the Wonder Room, negotiate with suppliers, and drive sales.
- Company: Join Selfridges, a leading retail brand known for its innovative approach and premium products.
- Benefits: Enjoy a full-time role with opportunities for collaboration and professional growth.
- Why this job: Be part of a dynamic team that values creativity and strategic thinking in a vibrant retail environment.
- Qualifications: Strong product knowledge, analytical skills, and excellent communication abilities are essential.
- Other info: This role offers a chance to influence product offerings and work with top brands.
The predicted salary is between 36000 - 60000 £ per year.
Job Introduction
As a Buyer, you will be responsible for a specific buying area for the business: Wonder Room. You will negotiate the best terms for Selfridges, manage existing brands, and work with marketing to drive sales and maximise profitability of the Wonder Room.
Responsibilities
- Oversee the Wonder Room and manage its performance through regular meetings with concession partners and performance analysis, making recommendations to the Director of Buying.
- Negotiate favorable terms with suppliers, including margins, minimum guarantees, marketing budgets, and exclusivity.
- Collaborate with internal teams such as Digital, Marketing, Retail Operations, Personal Shopping, Legal, Property, and Security to ensure effective brand onboarding and project execution.
- Establish meaningful partnerships with concession businesses through regular meetings.
- Identify and exploit new opportunities across regional stores with concession partners.
- Manage existing brands by analyzing performance, taking necessary actions, and deciding to retain or discontinue brands.
- Support the Buying Director on key pop-up activations and brand launches.
About You
- Well-versed in product and market knowledge, with a strong understanding of the industry.
- Excellent relationship builder, capable of collaborating effectively with internal stakeholders and brand partners.
- Strategic and operational thinker with strong analytical skills, experienced in developing and executing profitable long-term strategies.
- Influential communicator who leverages data and market trends to identify commercial opportunities.
- Exceptional communicator with the ability to build lasting professional relationships internally and externally.
- Customer-focused with excellent taste and instinct, eager to push boundaries and introduce new products.
- Numerate and highly commercial, proficient in Excel.
- Flexible team player supporting projects and cross-functional meetings.
- Embodies our values as a trusted and respected colleague.
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Buyer - Wonder Room, Accessories (Full-time) employer: Selfridges
Contact Detail:
Selfridges Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Buyer - Wonder Room, Accessories (Full-time)
✨Tip Number 1
Familiarise yourself with the latest trends in the accessories market, especially those relevant to the Wonder Room. This knowledge will not only help you during interviews but also demonstrate your passion and commitment to the role.
✨Tip Number 2
Network with professionals in the buying and retail industry. Attend trade shows or industry events where you can meet potential colleagues or mentors who can provide insights into the role and the company culture at Selfridges.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully negotiated terms with suppliers in the past. Highlight your analytical skills by being ready to talk about how you've used data to drive sales and profitability.
✨Tip Number 4
Showcase your ability to build relationships by preparing questions that demonstrate your interest in collaboration. Ask about the team dynamics and how the Buyer role interacts with other departments to achieve common goals.
We think you need these skills to ace Buyer - Wonder Room, Accessories (Full-time)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in buying, negotiation, and relationship management. Use specific examples that demonstrate your ability to drive sales and manage brands effectively.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the accessories market and how your skills align with the responsibilities of the Buyer role. Mention your experience in collaborating with internal teams and managing supplier relationships.
Showcase Analytical Skills: Provide examples in your application that showcase your analytical skills. Discuss how you've used data to make informed decisions in previous roles, particularly in relation to product performance and market trends.
Highlight Communication Skills: Emphasise your communication abilities in both your CV and cover letter. Mention instances where you've successfully built relationships with stakeholders or negotiated terms with suppliers, as these are crucial for the role.
How to prepare for a job interview at Selfridges
✨Showcase Your Market Knowledge
As a Buyer, it's crucial to demonstrate your understanding of the product and market trends. Be prepared to discuss recent developments in the accessories industry and how they could impact the Wonder Room. This will show your potential employer that you are not only knowledgeable but also proactive in staying updated.
✨Highlight Your Negotiation Skills
Since negotiating terms with suppliers is a key responsibility, come equipped with examples of successful negotiations you've conducted in the past. Discuss the strategies you used and the outcomes achieved, as this will illustrate your capability to secure favourable terms for the business.
✨Emphasise Collaboration Experience
The role requires working closely with various internal teams. Share specific instances where you've successfully collaborated with different departments, such as marketing or retail operations. This will demonstrate your ability to build relationships and work effectively within a team.
✨Prepare for Analytical Questions
Given the importance of performance analysis in this role, be ready to discuss how you've used data to make informed decisions in previous positions. Prepare to explain your analytical process and how it led to successful outcomes, showcasing your strategic thinking skills.
