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Job description / Role
The Brand:
Today, Victoria's Secret is the leading specialist retailer of lingerie and beauty products, dominating the market with modern, fashion-inspired collections, fragrances, cosmetics, celebrated supermodels and world-famous runway shows and creating products on the forefront of fashion and innovation. The vision of the business is to create a brand with high emotional content that makes woman feel alluring, so sophisticated and forever young - It is all about her!
The Role:
Plan stock/intake requirements to meet the budgeted sales. Manage the range building and/or selection/buying process of ranges. Maintain gross profit on purchases and/or net profit on sales in line with overall Business expectations.
Responsibilities:
* Manage Business planning & ongoing planning of merchandise & forecasting of sales, subsequently accountable for sales / margin measurement.
* Decide product procurement through host brand range reviews or direct negotiation, including in season buys.
* Assess store execution of merchandising plans, recommend optimum space management options (where applicable) based on store trends / category sales performance.
* Recommend retail pricing levels, decide sale lines & mark down percentage strategy
* Develop relationships with internal/ external contacts, and assess appropriate & critical information.
* Identify /plan promotional events, & deliver in consultation with Operations & VM`s
* Coach & monitor performance of merchandise team within brand. Supervise their activities, maintaining brand & latest fashion trend awareness.
* Pro-actively utilize available software/ systems & identify improvements / requirements for further action.
* Manage / maintain stock file accuracy with a focus on auditable elements.
Requirements
Skills & Experience:
* Team management
* Negotiation
* Analytical
* Willingness & ability to travel
* Proficient in IT especially Excel
* 2-3 years merchandising experience
* Merchandising systems
* English essential, Arabic preferred
* Retail business and commerciality
About the Company
As a leading international franchise operator, with nearly 90 of the world’s most recognised brands in its portfolio, Alshaya Group brings great shopping, dining, leisure and hospitality experiences to millions of customers across the Middle East & North Africa, Russia, Turkey, Europe and beyond.
Alshaya Group is a dynamic multinational business and family owned enterprise with a consistent record of growth and innovation. For 35 years, Alshaya has been a pioneering force in brand franchising, using its exceptional knowledge and experience to expand at pace.
Our portfolio of well-loved international brands includes Starbucks, H&M, Mothercare, Debenhams, American Eagle Outfitters, P.F. Chang’s, The Cheesecake Factory, The Body Shop, M.A.C, Victoria’s Secret, Boots, Pottery Barn, KidZania and, coming soon, Hampton by Hilton.
From one retail franchise store opened in Kuwait in 1983, Alshaya Group has consistently grown and diversified and today offers customers an unparalleled choice of brands across multiple sectors; Fashion & Footwear, Health & Beauty, Food, Optics, Pharmacy, Home Furnishings, Leisure & Entertainment, and Hotels. A diverse, skilled team of 53,000 people from 120 nationalities support more than 4,000 stores, cafes, restaurants and leisure destinations, a growing online business and a commitment to delivering great customer experiences.