Replenishment Buyer
Job description
ABOUT US
Fashion Nova is the world’s leading trend-to-market fashion and lifestyle brand with high-growth categories across its Women, Men, Kids and Beauty divisions. Renowned for delivering the most-wanted styles to millions worldwide, Fashion Nova earned the title of the Top 5 Most-Searched Fashion Brand on Google in 2022, alongside Louis Vuitton and Nike.
Founder & CEO Richard Saghian launched the brand in 2006, from a retail location in Los Angeles. After multiple store openings, Saghian launched the e-commerce website for Fashion Nova in 2013, pioneering a disruptive social commerce model of affordable, on-trend, size-inclusive clothing online – powered by an innovative, social media-first marketing strategy.
Today, Fashion Nova has amassed over 40 million social media followers, with annual sales of approximately $2 billion!
The brand’s name has been featured in chart-topping hit songs by Cardi B, Drake, 21 Savage, Saweetie, The Game, Tyga and Offset and its styles have been worn by many celebrities, artists and athletes including Meg The Stallion, Ice Spice, Chris Brown, Floyd Mayweather, Rick Ross, Kourtney Kardashian, and Kylie Jenner.
ROLE OVERVIEW
The Replenishment Buyer will be at the forefront of innovation and style, ensuring our customers have access to the most current trends. You will be responsible for keeping up a reputation in the fashion world that is second to none. You will be responsible for driving the Test and Reorder model for assigned categories to ensure that the best-selling products are reordered in a timely manner at the best possible cost and quality. The Replenishment Buyer will need to react fast to bring back the merchandise to the customers.
RESPONSIBILITIES
- Establish solid vendor relations to get the best possible deliveries at optimum cost and best quality
- Communicate with vendors on item availability: In stock units by size and other color offerings, incoming stock/pre-orders by size and delivery dates, and custom cut dates and minimum order quantities (MOQ’s)
- Negotiate discounts and best possible costs, including air costs if needed at an earlier date
- Presents recommendations to Planning and Buying
- Enter purchase orders into the system and|or upload orders
- Recommend color|print expansion of core items|key buys to Vice President, Buying
- Recommend counter sourcing with other vendors if facing problem deliveries
- Coordinate with Product Development if needed on core programs|key items
- Review selling reports to keep track of how reorders are selling
- Monitor program buys and core items to help manage the flow; i.e. move up or move back
- Recommend promotional activity if needed to drive additional sales volume.
- Aware of fashion market trends and new, current and emerging best practice within Merchandising|Buying
ROLE REQUIREMENTS
- Six plus years of experience in Replenishment, Data Analysis or a related field
- Experience working with vendors and negotiating
- Experience with product development preferred
- Passionate about fashion and trend analysis
- Demonstrated ability in financial analysis
- Experience analyzing data and providing actionable insights
- Experienced in Excel - can perform complex functions, such as SUMIFS, VLOOKUPs, and pivot tables
- Experience in digital and|or multi-brand setting preferred
- Strong knowledge of and the ability to apply retail math concepts, including markup, margin planning, open to buy, and inventory productivity measures
- Must be able to adapt to constant change and multi-task in a fast-paced environment
- Must be results oriented and have excellent organizational skills
- Must have excellent written and verbal communication skills
- Must possess a keen eye for design, trends, and color
- BFA or BA in Fashion Merchandising, Business, or related field
- English, additional language(s) an advantage.
- Schedule of this position: Monday – Friday | Core business hours | Onsite in Beverly Hills
BENEFITS
- NEW state-of-the-art HQ upcoming in Beverly Hills!
- Formalized career paths for continued professional growth
- Flexible Paid Time Off (PTO)
- Comprehensive health insurance across Medical, Dental and Vision
- 401k match, with immediate vesting upon eligibility
- Weekly catered lunches & fully-stock kitchen pantry!
- Opportunities to travel for trade shows and vendor meetings
- Summer Fridays Early Departure
- Team bonding events and programs
- Attractive employee discounts
Fashion Nova, LLC, and subsidiaries thereof, is an Equal Opportunity Employer. We are steadfast in our commitment to equal employment opportunities and pledge that these objectives are reflected in all aspects of our daily operations. We will continue to recruit, hire, train, and advance in employment qualified individuals in all job titles without regard to race, color, national origin, gender, sexual orientation, gender identity, religion, age, status as a protected veteran, criminal history, or status as an individual with a disability; and shall not discriminate against any individual, any such characteristic, nor any other classification protected by local, state and|or federal law.