Senior Buyer - Lingerie & Intimates
External
Fashionnova · Beverly Hills, CAPrepare for this interview
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About the role
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 Under the guidance of the Division / Category Director, you as a Senior Buyer, focused on our lingerie & intimates category, will work to create the appropriate merchandise mix based on emerging trends and manage the assortment strategies established by your team leaders. You will also be responsible for managing your category product assortment and delivering on financial targets. Your role is essential to ensuring Fashion Nova has the best product offerings for our customers.
Responsibilities
- Drive Assortment Strategy: Develop and execute buying strategies to curate trend-driven product assortments that align with customer preferences and seasonal trends, while achieving optimal SKU count and balancing newness vs. replenishment inventory
- Cost Negotiation & Margin Optimization: Lead pricing negotiations with suppliers to secure the best cost structures while maintaining product quality, ensuring profitability, and maximizing margins in a highly competitive market
- Financial Management: Manage weekly sales performance, open-to-buy budgets, pricing, margin targets, and inventory levels, ensuring alignment with sales goals and profit margins, while optimizing the balance of newness and replenished and minimizing markdowns
- Cross-Functional Collaboration: Partner with production, replenishment, planning, and creative teams to ensure timely deliveries, fast replenishment of high-demand styles, successful promotions to maximize sales opportunities, and cohesive product launches
- Data-Driven Decisions: Utilize sales performance data, customer reviews, and market insights to continuously optimize product assortments and increase profitability
- ROLE REQUIREMENTS
- 7+ years of experience in Buying/Merchandising ideally within an eCommerce fashion brand - previous experience buying for lingerie/intimates categories is a must
- Strong understanding of current and emerging fashion trends, with a deep passion for the fashion industry
- Experience working with vendors and negotiating product quality, costs, and delivery dates with vendors
- Excellent prioritization, project management, organization skills, and attention to detail, in addition to strong analytical skills to support data-driven decisions
- Proficiency in Excel, PowerPoint, and Google Workspace
- Bachelor's Degree in Fashion, Production, Design or related field, or equivalent work experience
- English, additional language(s) an advantage
- Schedule of this position: Monday - Friday | Core business hours | Onsite in Beverly Hills
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