The Buying role will be responsible for planning, selecting, and managing product ranges that align with the business objectives. The role requires a strong commercial acumen and an eye for market trends to deliver a compelling product offering that drives sales, maximizes profitability, and meets customer expectations
Key Deliverables (Essential Functions & Responsibilities of the Job):
Develop Product Assortment plan aligned with Customer Insights & Department Strategy.
- Ensure Optimal Width and depth of Product Range across Categories, sizes, Price Points etc.
- Product selection from Marks and Spencer global catalogue that captures trend, volume and key drivers.
- Local product development to address local requirements & gaps in the offer.
- Deliver Sales, Intake Margin, Stock Cover and Availability Targets.
- Balance and maintain Core and Fashion offering.
- Manage lifecycle of Products including in-season actions: Timely Launch, Store Allocation Plan, Sell Thru, Markdown and Phase out.
- Work with Historical data, Trends and season learnings to be able to generate analysis that supports Buying decisions.
- Identify assortment Gaps and New opportunities. Track Consumer Trend, Market Shifts and Pricing Changes.
- Work closely with Merchandising, Supply Chain, Planning, Visual Merchandising and all Trading Channels.
- Support Store/ Digital and L&D team with Product Knowledge and Launch Plan.
- Prepare and analyse Reports for Business Reviews and provide actionable Insights.
- Implementing and utilizing new systems and process
