Replenishment Buyer

Replenishment Buyer

LA Office - Los Angeles, CA 90021

Salary Range

$80,000.00 - $85,000.00 Salary/year

Level

Experienced

Position Type

Full Time

Education Level

4 Year Degree

Travel Percentage

Up to 25%

Category

Purchasing - Procurement

Job Description:

Job Summary

The Replenishment Buyer role is an integral part of the buying team and is responsible for supporting revenue volume through reorders. The ideal control buyer is motivated, results-oriented, and committed to the success of reorder SKUs driven by analysis of the stock-to-sales ratio, seasonal trends, and onsite merchandising.

This is a hybrid role working out of our Los Angeles, CA office. The candidate is expected to be on-site on Tuesday, Wednesday, and Thursday.

What You'll Do

• Analyze, anticipate and monitor inventory levels for assigned departments
• Forecast company inventory levels to determine products to reorder
• Drive revenue, receipt plans, and seasonal inventory strategies for key items
• Partner with test buyers, merchandising, production, and planners on open-to-buy management to achieve financial goals and strategic objectives
• Partner with test buyers to develop product plans to support seasonal department merchandise strategies based on customers' expectations and fashion trends
• Manage inventory levels, ensuring effective decision-making around analysis, markdowns, orders, etc.
• Establish and maintain relationships with vendors
• Own daily onsite merchandising of assigned departments
• Ad hoc projects as needed

What You'll Need

• Bachelors degree required
• At least 2 years of retail buying experience; core/basic buying within the fast fashion sector a plus
• Excellent communication; written, oral, and group facilitation
• Demonstrate cooperative behavior with colleagues, supervisors, and managers at all times
• Work well under pressure. Meet multiple, and sometimes competing deadlines
• Ability to build and maintain positive relationships both internally and externally
• Ability to apply logical thinking and sound judgment to a wide range of practical problems
• Strong retail math skills are critical
• Strong excel skills required (including formulas such as sumifs, vlookups, etc., and pivot tables)
• Must be able to work independently
• Solid understanding of the Lulus brand
• Solid understanding of current trends within the fast fashion space

What You'll Love About Us

• Great Company Culture - Where you can be your true authentic self!
• Profit-Sharing Bonus Plan for applicable roles
• Medical, Dental, and Vision benefits
• Voluntary Life & AD&D Insurance, Critical Illness, Short Term Disability
• Prepare for the future - 401(k) Safe Harbor Plan - 4% company matching
• Employee Stock Purchase Plan (ESPP)
• Restricted Stock Units for applicable roles
• Wardrobe Perks - 30% employee discount!
• Recognition of employee birthdays and work anniversaries!
• Work that stays at work - Genuine work/life balance
• Rest and Relaxation - Generous Paid Time Off, Paid Sick Time, Mental Health Days, and Paid Company Holidays
• Paid Parental Leave

We're ready to meet you! Come help us achieve our ambitious goals!

At Lulus, we believe our people are our greatest asset and we seek to structure competitive compensation offers to ensure that we are able to attract and retain the best talent. Our job postings include an annual base salary range for the role. The stated base salary range represents our good faith estimate as to what candidates are likely to expect, and we tailor our offers within the range based on several factors, including the selected candidate's educational and professional experience, industry knowledge, location, technical and communication skills, and other factors that may prove relevant during the selection process. Base salary is part of a total compensation package, which, depending on the position, may also include an annual bonus and other benefit programs.