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- Tasks: Manage seasonal buying strategies and negotiate with luxury brands.
- Company: Join THE OUTNET, a leader in luxury discount shopping since 2009.
- Benefits: Enjoy flexible working, staff discounts, private healthcare, and performance bonuses.
- Why this job: Be part of a dynamic team that values creativity and collaboration in a fast-paced environment.
- Qualifications: Experience in luxury fashion buying and strong analytical skills are essential.
- Other info: This is a 12-month fixed-term contract based in London.
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 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 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 while 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
From the moment you walk through our doors and join the YOOX NET-A-PORTER team 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.
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. We welcome and will consider all applications regardless of race and nationality, religion, colour, 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
Buyer - Menswear - (THE OUTNET) - 12 month FTC employer: YOOX NET-A-PORTER
Contact Detail:
YOOX NET-A-PORTER Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Buyer - Menswear - (THE OUTNET) - 12 month FTC
✨Tip Number 1
Familiarise yourself with THE OUTNET's unique selling points, such as their exclusive collaborations and luxury discount offerings. This knowledge will help you demonstrate your understanding of the brand during any discussions or interviews.
✨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 who can provide insights or even referrals for the position.
✨Tip Number 3
Stay updated on current trends in menswear and luxury fashion. Being able to discuss recent developments or emerging brands will showcase your passion and expertise, making you a more attractive candidate.
✨Tip Number 4
Prepare to discuss your previous buying experiences and how they relate to the role at THE OUTNET. Highlight specific examples where you've successfully negotiated terms or sourced products that drove sales, as this will demonstrate your capability to excel in the position.
We think you need these skills to ace Buyer - Menswear - (THE OUTNET) - 12 month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in buying, especially within luxury fashion. Emphasise any specific achievements or projects that demonstrate your ability to manage budgets and negotiate effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for menswear and your understanding of the luxury market. Mention how your entrepreneurial spirit and creative flair can contribute to THE OUTNET's success.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills to drive buying strategies or improve sales. This could include discussing how you’ve analysed market trends or competitor activity.
Highlight Team Management Experience: If you have experience managing a team, be sure to mention it. Discuss how you've developed team members and contributed to a collaborative work environment, as this is important for the role at THE OUTNET.
How to prepare for a job interview at YOOX NET-A-PORTER
✨Know Your Brands
Familiarise yourself with the luxury brands that THE OUTNET works with. Be prepared to discuss your favourite designers and how you would approach sourcing new products from them.
✨Showcase Your Analytical Skills
As a Buyer, you'll need strong analytical skills. Be ready to discuss how you've used data to inform buying decisions in the past, and prepare to analyse hypothetical scenarios during the interview.
✨Demonstrate Negotiation Experience
Negotiation is key in this role. Prepare examples of successful negotiations you've conducted, focusing on how you achieved favourable terms and built relationships with vendors.
✨Emphasise Team Collaboration
Highlight your experience working within a team, especially in fast-paced environments. Discuss how you’ve supported colleagues and contributed to a positive team dynamic in previous roles.
