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- Tasks: Join our team as a Buyer, managing budgets and sourcing luxury fashion products.
- Company: THE OUTNET is a leading luxury discount shopping platform offering designer brands at unbeatable prices.
- Benefits: Enjoy flexible working, private healthcare, staff discounts, and performance bonuses.
- Why this job: Be part of a dynamic team in a fast-paced environment, driving the future of luxury retail.
- Qualifications: Experience in luxury fashion buying, strong analytical skills, and a flair for creativity are essential.
- Other info: We celebrate diversity and encourage applicants from all backgrounds to apply.
The predicted salary is between 36000 - 60000 £ per year.
Launched in 2009, THE OUTNET has since established itself as the benchmark of luxury discount shopping, offering over 350 designer fashion brands at exceptional prices of up to 70% off. Strong relationships with leading luxury brands elevate THE OUTNET, with a dedicated buying team in London purchasing over 90% of stock direct. THE OUTNET is renowned for high-end designer collaborations, offering unique and limited-edition exclusives for its discerning global customers alongside in-house label Iris & Ink. THE OUTNET caters to a global audience with a local and tailored approach, offering local language sites in the Middle East and Japan and native checkout for all markets. With a focus on exceptional customer service, THE OUTNET offers a seamless shopping experience across mobile, tablet and desktop, inspiring editorial content, express worldwide shipping to over 100 countries and customer care services in 11 languages, available 24/7, 365 days a year. THE OUTNET is part of YOOX NET-A-PORTER GROUP.
THE OUTNET are now seeking a talented Buyer to join the team. Some of the essentials for you to know are:
- Location: Westfield Offices, Shepherds Bush
- Reporting into: Head of Buying
Besides a competitive salary, we can offer you:
- Performance bonus schemes dependant 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 support each other
Here is a breakdown of what you'll be doing:
- Responsible for the seasonal buy budget and buy strategy for the department
- Responsible for negotiation of terms, conditions and deliveries to ensure consistent flow of stock to maximize sales and margin
- Managing and flexing OTB within Brands to hit the quarterly targets but remaining opportunistic and driving the best possible return for the OTB
- Proactive continuous global product sourcing in an opportunistic environment, developing existing relationships and fostering new relationships, including international travel
- Identifies new brand and product opportunities, implementing strategies to increase the buy and secure new brands
- Maintain and develop best position with vendors to ensure we are the exclusive or first point of call for any off price activity
- Analyse weekly reports and work with Merchandiser to review risks and maximise opportunities
- Up to date competitor knowledge within both off price and full price to ensure The Outnet is the premier off price destination
- Using strong knowledge of luxury RTW market to source and recommend appropriate new brands
- Feeding upload and buy strategies internally to all relevant teams, including Marketing, Upload and Editorial
- Management and development of Assistant Buyer and Buyers Assistant
- Managing Merchandise Operations Coordinator, chasing deliveries and overseeing intake of stock to distribution centre
- Feedback on department to Buying Manager and Buying Director
The type of person we are looking for:
- Significant commercial experience gained in a Buying role
- Extensive relevant experience in luxury fashion retailing within a multi-brand environment
- Extensive Footwear Buying experience
- Entrepreneurial spirit with the creative flair to drive a business forward
- Proven commercial experience of trading in a fast paced and reactive environment
- Proven track record of creating positive impact on business through buying strategy
- Good judgement and decision making skills with confidence in suggesting calculated risks
- Off price experience not necessary but must demonstrate an enthusiasm and interest in off-price
- Experience in managing individuals or a small team
- A proven track record of networking, negotiation skills
- Highly numerate with strong analytical skills
- Excellent communication skills
- Extremely well-organised, methodical and efficient with the ability to self-motivate and drive initiative
- A sense of personal style and a keen eye for details
If you are passionate, committed and thrive in a collaborative and fast-paced environment, then please apply with a CV.
YOOX NET-A-PORTER GROUP is an equal opportunities employer, we encourage people with a diverse range of backgrounds to apply. We recognize and celebrate the benefits that diversity brings to our workplace, our business and our customers.
Buyer - 12 Month FTC employer: YNAP GROUP
Contact Detail:
YNAP GROUP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Buyer - 12 Month FTC
✨Tip Number 1
Familiarise yourself with THE OUTNET's unique selling points, such as their exclusive collaborations and luxury brand offerings. This knowledge will help you demonstrate your understanding of the brand during interviews and discussions.
✨Tip Number 2
Network within the luxury fashion industry, especially with professionals who have experience in buying roles. Attend relevant events or join online forums to connect with others and gain insights that could be beneficial for your application.
✨Tip Number 3
Stay updated on current trends in luxury fashion and off-price retailing. Being able to discuss recent developments or emerging brands can set you apart as a knowledgeable candidate who is passionate about the industry.
✨Tip Number 4
Prepare to showcase your negotiation skills and commercial acumen through examples from your past experiences. Think of specific instances where you successfully managed budgets or sourced products, as these will resonate well with the hiring team.
We think you need these skills to ace Buyer - 12 Month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in buying, especially within luxury fashion retail. Emphasise any specific achievements or projects that demonstrate your commercial acumen and negotiation skills.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the luxury fashion industry and your understanding of THE OUTNET's unique position in the market. Mention how your entrepreneurial spirit and creative flair can contribute to their buying strategy.
Highlight Relevant Skills: In your application, clearly outline your analytical skills and experience with managing budgets and stock flow. Provide examples of how you've successfully navigated fast-paced environments and made impactful decisions.
Showcase Your Networking Abilities: Discuss your experience in building relationships with vendors and brands. Highlight any successful negotiations you've conducted and how these have positively impacted your previous roles.
How to prepare for a job interview at YNAP GROUP
✨Showcase Your Buying Experience
Make sure to highlight your significant commercial experience in a buying role, especially within luxury fashion retail. Be prepared to discuss specific examples of how you've successfully managed budgets and negotiated terms with vendors.
✨Demonstrate Analytical Skills
Since the role requires strong analytical skills, come prepared to discuss how you've used data to inform your buying strategies. Bring examples of how you've analysed reports to maximise opportunities and mitigate risks.
✨Exhibit Your Networking Abilities
Networking is key in this role, so be ready to talk about your experience in developing relationships with brands and vendors. Share any successful negotiations or partnerships you've established that have positively impacted your previous employers.
✨Express Your Passion for Fashion
The Outnet values a keen eye for detail and personal style, so don't shy away from expressing your passion for luxury fashion. Discuss current trends and how they influence your buying decisions, showing that you stay updated on the market.
