Buyer

Support Center - Irving

The Buyer plays a critical role in the success of sourcing and selecting merchandise. The Buyers responsibility is to plan, purchase, communicate, and control merchandising, pricing, and marketing strategies for assigned lines of business as required; while maximizing sales & profits and increasing market share for assigned lines of merchandise. Leads and executes the performance and sets strategy for a team in support of the departmental strategy. Provides strategic plans for multiple assigned categories that impact the overall department strategy.

Major Activities

Assortment Planning

• Develops and recommends assortment plans, determining optimal product mix based on category goals, performance, and designated category roles
• Drives a compelling assortment by applying knowledge of the consumer and sense for product
• Develops and makes recommendations based on category history and market share analysis
• Conducts brand and market share competitive analyses, develops insights, and recommends tests
• Leverages private brand development and sourcing opportunities in determining the optimal assortment and executing vendor strategy

Performance Analysis & Category Planning

• Responsible for the achievement of sales and profit plans for their assigned categories
• Creates bottom-up plan by category and reconciles with financial targets
• Conducts brand and market share competitive analyses, develops insights, and recommends tests
• Flexibility in reacting to business results and your ability to translate financial metrics and data into actionable strategies will be critical
• Leads and directs in-season reaction to business

Pricing, Presentation & Promotion

• Maximizes merchandise presentation, develop planograms, and lead a cross-functional team through the complex implementation process
• Optimizes advertising, pricing, and promotion strategies

Vendor Management

• Leads vendors based on consumer and market insights and leverage the partnership to develop the right product
• Leverages vendor partnerships to develop the right product and be able to lead vendors based on consumer and market insights
• Influences and negotiates with vendors to achieve results and identify gaps and opportunities

Inventory Management

• Partners with inventory management to maximize return on inventory investment based on sales plans, category roles, and trends
• Manages inventory levels to support EBITDA objectives and sales objectives

Collaboration & Leadership

• Leads cross-functional teams to drive category results while managing progress toward sales and margin goals
• Provides strong, steady leadership and communication to cross-functional teams
• Provides guidance, mentoring, and support to junior buying staff, fostering a collaborative and high-performing team environment

Other duties as assigned

Minimum Knowledge/Skills/Abilities

Minimum Education

• College degree or equivalent experience

Minimum Type of Experience the Job Requires

• 6+ years of merchandising experience, exhibiting progressively responsible assignments
• Proven experience as a Retail Buyer or similar role in the retail industry
• Able to successfully lead a category team and drive desired business results
• Advanced strategic and analytical skills to grow a business
• Advanced collaboration skills to partner with cross-functional teams
• Advanced negotiation and communication skills
• Flexible, resilient, and able to thrive in a fast-paced, deadline-driven environment
• Strong organizational and time management skills, with the ability to handle multiple priorities and meet deadlines in a fast-paced environment
• Strong experience in supplier and price management.

Preferred Education

• Business degree preferred

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc, our purpose is to fuel the joy of creativity. As the leading creative destination in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and MakerPlace by Michaels, a dedicated handmade goods marketplace. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com

At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit mikbenefits.com.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

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