|Publication or Company
||The New York Times Company
||Internet/Online/New Media, Newspapers, Purchasing and Strat Sourcing
||New York, NY
||The New York Times Store (www.nytstore.com) is looking for experienced retail professionals to serve as our merchandiser/buyer in certain lifestyle categories such as dining, fashion, home, and garden. The retail area includes The New York Times Online and other brick and mortar retail distribution initiatives. The retail area is dedicated to deepening consumer engagement with The Times by curating, partnering with like-minded institutions and their products, and distributing our products that reflect the values, content and history of our brand. We are a multi-million dollar business that offers a vast array of products, including photographs, books, personalized gifts, sports memorabilia and historical collectibles.
The merchandiser/buyer will be accountable for planning, selecting, developing and sourcing a range of products to sell in one or two of the styles category.
The merchandiser/buyer will work with internal and external resources to develop a plan to reach NYT Storeís financial objectives, including cultivating relationships with vendors and offering a range of products that support the brandís mission.
- Merchandising: Plan, identify and develop product and product assortment. Understand and analyze customer preferences and trends. Proactively source and develop relationships with vendors and product partners. Determine optimal assortment, develop merchandise plan and create pricing strategies. Maximize sales and manage performance to drive profitability. Develop merchandising and promotion calendar to achieve sales targets.
- Vendor Management: Build and maintain relationships with vendors. Regularly review vendor performance and make adjustments as needed. Update and maintain vendor/item database.
- Product Assortment and Management: Determine optimal assortment of products. Review existing merchandise to ensure products remain competitive.
- Buying: Source and buy products for retail sale. Negotiate with vendors on product specs, distribution, shipment schedules, delivery deadlines, pricing, etc and place purchase orders with a focus on maximizing product profitability and category margins. Keep up to date on market trends, product trends and vendor strategies and capitalize on those trends. Travel to trade shows to identify and recruit new vendors and source products.
- Financial/Analytics: Ensure profitability by accurate forecasting of sales. Monitor and optimize sales volume and category margins. Participate in annual budgeting. Deliver on quarterly and annual sales priorities. Maximize profits by using data to understand purchases and knowledge of the customer base.
- Minimum 5+ years of buying and/or merchandising experience in relevant lifestyle category, preferably with an online retailer
- Proven track record in meeting or exceeding category sales goals
- Passion for lifestyle category
- Ability to identify trends and capitalize on those trends
- Ability to be proactive and reactive; shift focus between tactics to strategy
- Strong analytical skills; strong comfort with data
- Strong negotiating skills
- Excellent verbal and written communication skills
- Self-starter; takes initiative; problem solver
- Demonstrated ability to thrive in a multi-tasking, collaborative, team-oriented environment
- Proficiency in Microsoft Office, especially Excel; must have strong comfort with data, financials and budgeting/forecasting
- Organized and detail oriented
- A sense of humor
- An understanding and passion for the journalism that underlies the products for sale in The New York Times Store and other retail outlets.
- Bachelorís degree in Business or Fashion preferred
The New York Times Company, a leading global, multimedia news and information company with 2012 revenues of $2.0 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, NYTimes.com , BostonGlobe.com , Boston.com, and related properties. The Companyís core purpose is to enhance society by creating, collecting and distributing high-quality news and information.
The New York Times Company is an equal employment opportunity employer, and does not discriminate on the basis of race, color, religion, gender, sexual orientation, marital status, age, disability, national origin, citizenship or any other protected characteristic. The New York Times Company is committed to diversity in its most inclusive sense.