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- Tasks: Lead global buying strategy and negotiate exclusive deals in luxury fashion.
- Company: Join THE OUTNET, a leader in luxury fashion with a fun, supportive team.
- Benefits: Enjoy competitive salary, performance bonuses, staff discounts, and flexible working.
- Other info: Diverse and inclusive workplace committed to your growth and success.
- Why this job: Make an impact in the luxury market while developing your career in a dynamic environment.
- Qualifications: Experience in luxury fashion buying and strong negotiation skills required.
The predicted salary is between 36000 - 60000 £ per year.
THE OUTNET is the online destination for luxury fashion from previous seasons. Since 2009, it has showcased style that lasts, by offering past-season womenswear and menswear, including exclusive capsules, from world-leading designer brands. THE OUTNET brings joy through its curated world of luxury fashion, featuring exceptional styles that transcend seasons, at up to 70% off. Extending the life of luxury beyond the current season is at the heart of its mission, further enhanced through its Considered edit of more responsible fashion and dedicated upcycled product collaborations. THE OUTNET is part of LuxExperience , the leading digital, multi-brand luxury group.
THE OUTNET are now seeking a talented Senior Buyer to join the team. Some of the essentials for you to know are:
Location:Our office in Westfield
Reporting into:Head of Buying
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 support each other
Here is a breakdown of what you’ll be doing:
- Responsible for the global buy budget and buy strategy for the department
- Responsible for negotiation of all trade terms, conditions and deliveries to ensure consistent and flow of stock to maximize sales and margin and mitigate operational costs
- Negotiate with suppliers in a tough but fair manner to secure exclusive ranges/brands and optimize the profit 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
- Strong knowledge of the luxury market to identify new brand and product opportunities, implementing strategies to increase the buy and secure new brands
- Maintain and develop best position with vendors to insure we are the exclusive or first point of call for any off-price activity
- Strong relationship with the Merchandise team; analyse weekly reports and work with Merchandiser to review risks and maximise opportunities
- Monitor deliveries and performance of all vendors and take decisive action to deliver targets
- Up to date competitor knowledge within both off price and full price to ensure THE OUTNET is the premier off price destination
- Developing and presenting product and brand strategies internally to all relevant teams, including Marketing, Upload and Editorial to ensure we are meeting our global customer demand
- Management and development of Buy team including regular feedback and focus on the team development and motivation to retain talent
- Feedback on department to Buying Manager and Head of Buying
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
- 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
- Exceptional people management experience.
- A proven track record of networking, negotiation skills
- Highly numerate with strong analytical skills
- Excellent communication skills
- Desire to be the best and provide exceptional customer value and experience.
- Extremely well-organised, methodical and efficient with the ability to self-motivate and drive initiative
- Embodies our values of FABRIC- Drive, Trust, Style:
DRIVE: We build lasting impact with courage, commitment, pace, while having fun
TRUST: We create an inclusive and harmonious environment founded on fairness, humility and mutual respect
STYLE: We do everything with honesty, authenticity and integrity
From the moment you join the LuxExperience 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.
LuxExperience 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. We welcome and will consider all applications regardless of race and nationality, religion, color, sex, pregnancy or related medical conditions, parental status, sexual orientation, gender identity, gender expression, age, status as an individual with a disability, or any other legally protected characteristics. If you require any reasonable adjustments to complete your application, please do not hesitate to advise us accordingly. Experience Level: Mid-Senior level Workplace Type: Hybrid
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Senior Buyer @THE OUTNET, 1 Year Fixed Term Contract 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 @THE OUTNET, 1 Year Fixed Term Contract
✨Network Like a Pro
Get out there and connect with people in the luxury fashion industry! Attend events, join online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. Building relationships can open doors that you didn’t even know existed.
✨Show Off Your Passion
When you get the chance to chat with someone from THE OUTNET or during interviews, let your enthusiasm for luxury fashion shine through. Share your insights on trends and brands you love – it shows you’re not just looking for a job, but you genuinely care about the industry.
✨Prepare for the Unexpected
Interviews can throw curveballs, so be ready for anything! Brush up on your negotiation skills and have examples of your past successes at hand. The more prepared you are, the more confident you’ll feel when discussing your experience and strategies.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at THE OUTNET. Let’s make it happen!
We think you need these skills to ace Senior Buyer @THE OUTNET, 1 Year Fixed Term Contract
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Senior Buyer role. Highlight your commercial experience in luxury fashion and any relevant achievements that showcase your ability to drive a business forward.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your passion for luxury fashion and how your entrepreneurial spirit can contribute to THE OUTNET's mission. Be sure to mention specific examples of your negotiation skills and successful buying strategies.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, don’t shy away from including examples of how you've used data to make informed buying decisions. This will demonstrate your ability to monitor performance and adapt strategies effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows your enthusiasm for joining our team at THE OUTNET!
How to prepare for a job interview at YOOX NET-A-PORTER GROUP
✨Know Your Luxury Market
Before the interview, dive deep into the luxury fashion market. Familiarise yourself with current trends, key players, and THE OUTNET's unique position within the industry. This knowledge will help you demonstrate your passion and understanding of the role.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations where you've secured exclusive ranges or improved profit margins. Be ready to discuss your approach and how it aligns with THE OUTNET's mission of maximising sales while maintaining strong vendor relationships.
✨Demonstrate Analytical Prowess
Brush up on your analytical skills by reviewing relevant metrics and reports. Be prepared to discuss how you've used data to inform buying strategies in the past, as this will show your ability to make informed decisions that drive business success.
✨Emphasise Team Collaboration
Highlight your experience in managing and developing teams. Share specific instances where you've motivated your team or collaborated with other departments, like Marketing or Merchandising, to achieve common goals. This will resonate well with THE OUTNET's emphasis on teamwork and support.