Assistant Buyer, Handbags

job description Who We Are:Saks is a world-renowned luxury ecommerce destination. The company’s unique approach combines a focus on the digital customer experience with a strong connection to a network of extraordinary stores that extends that seamless experience into the real world.On its website and app, Saks offers an unparalleled selection of curated merchandise across fashion for women and men, beauty, jewelry, home décor and more. In addition to the shopping experience, customers come to Saks for inspiring editorial content, access to digital stylists, lifestyle experiences and other world-class services. The company is currently in the midst of a dramatic expansion, driven by significant enhancements to its platforms and offerings, with the goal of becoming the preeminent destination for luxury internationally.What This Position is All About:The Assistant Buyer is a motivated individual that will participate in vendor selections, and partnerships. Executes returns to vendors as negotiated and necessary.Assists in providing feedback for space strategies (fixture /square footage).Ensures the resolution of data integrity (on hand) issues.Provides information for identification of distribution and vendor logistics opportunities.Aid in providing systems (STARS Planning / OTB) expertise for other users.Provides information for coordinating systems (STARS planning/OTB) enhancements requests.Open-to-Buy Monitoring:Assists in the development and maintenance of the PO checkbook.Assists in the bi-monthly forecasting of sales and inventories through the OTB review process.Executes the markdown projection process and provides information for the projection and negotiation of vendor allowance.Supports the development and execution of aged inventory exit strategies.Monitors vendor to store receipt flows, and actual to planned receipts.Manages the purchase journal review process.Assists in providing information for the monitoring of inventory productivity, and the analysis of vendor profitability.Monitors and evaluates the vendor received not ordered compliance report.Pricing and Promotion:Assists in establishing pricing strategy.Provides data and analysis for price changes, and assists in entering prices changes on line in a timely manner.Assists in planning and approving all advertising and promotions.Assists in providing information for the timely response to store visit notes.Provides feedback for ad in stock on promotional items, and ensures the communication of in-stock issues to stores.Provides analysis and monitors style advertising effectiveness.Manages product ticketing and in-store signage.Facilitates the issuance of store presentation guidance.Furnishes information to Price Management with regard to store communications on pricing issues.Financial Planning:Provides information for the preliminary development of the vendor / store matrix.Provides information for the flow of the departmental topside plans by month.Assists in providing analysis for and participates in the Business Review.People Development:Participates in training and development.Helps to develop and support a team environment, and participates in the team's activities.Participates in fostering job satisfaction and positive morale.Your Life and Career at Saks:Be part of a world-class team; work with an adventurous spirit; think and act like an owner- operator!Exposure to rewarding career advancement opportunities, from retail to supply chain, to digital or corporate.A culture that promotes a healthy, fulfilling work/life balanceBenefits package for all eligible full-time employees (including medical, vision and dental).An amazing employee discount