Senior Buyer

Michaels Stores
Irving, TX

**Please note, this role is hybrid based at our Irving, Texas Support Center**


The Sr. Buyer is a strategic leader responsible for driving performance across major product categories. This role owns the end-to-end buying strategy, leads vendor negotiations, and collaborates cross-functionally to deliver compelling assortments that meet financial and customer goals. The Sr. Buyer plays a key role in mentoring team members and shaping the merchandise vision through data-driven insights and market awareness. They are responsible for ownership of their own category, in addition to leading a team to support a broader category ownership.


Key Responsibilities:

Category Strategy:

  • Develop and own the overall category strategy for your assigned pod.
  • Conduct in-depth performance analysis and competitive shopping to inform strategic decisions.
  • Refine and execute the brand strategy to maximize market impact.
  • Lead the development of the vendor strategy, identifying key partners and negotiating favorable terms.

Assortment/Product Strategy:

  • Create a winning assortment strategy that aligns with market trends and company goals.
  • Drive the Good/Better/Best strategy to optimize product offerings across all price points.
  • Oversee the space & merch presentation to ensure products are showcased effectively.
  • Partner with sourcing team to ensure IMU goals are communicated and met.

Price Management:

  • Ensure categorical promotional plan optimizes sales and margin in partnership with pricing team
  • Oversee and track cost changes and retail changes
  • Partner with pricing team to ensure retails are competitive in the market

Financial Plans:

  • Collaborate with planning team to build and manage financial plans
  • Take ownership of financial plans for your category, ensuring all strategies align with budget and revenue goals.
  • Monitor and communicate results against financial plans based on performance and market trends.
  • Partner with Inventory Management to optimize inventory.

Team Management:

  • Oversee team of managers and independent contributors, contributing to their growth and development
  • Lead and collaborate with cross-functional teams to deliver on business results


Qualifications:

  • 10+ years of merchandising experience, exhibiting progressively responsible assignments in retail buying, with a focus on strategic buying, vendor management, and inventory optimization
  • Deep understanding of retail industry trends, consumer behavior, and market dynamics
  • Proven track record of delivering exceptional results in driving sales, profitability, and inventory management
  • Excellent analytical and problem-solving skills, with the ability to interpret complex data and make strategic decisions
  • Excellent negotiation and communication skills, with the ability to build and maintain strong relationships with suppliers and stakeholders
  • Demonstrated leadership abilities, including the ability to motivate and inspire a team to achieve goals and targets
  • Exceptional organizational and time management skills, with the ability to handle multiple priorities and meet deadlines in a fast-paced environment
  • Flexible, resilient, and able to thrive in a fast-paced, deadline-driven environment

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