Company Overview
BFL Group is one of the world’s leading off-price retailer of fashion and homeware. With headquarters based in United Arab Emirates, we serve over markets across the region and in Europe.
Our goal is to delight customers and entice them back with the promise of exceptional pieces that excite – all at up to 80% off the original retail price for fashion designer brands. Our unique “Treasure Hunt” model ensures there is always something new to explore, desire and discover within our stores. Our customers walk out with new items every time they visit any of our stores.
Role Purpose
To support the end-to-end buying process by analyzing product performance in the sports category, managing pricing strategies, and maintaining optimal inventory levels through efficient supplier coordination and purchase order management. The role ensures that the product mix is competitive, well-priced, and aligned with current market trends, contributing to the company’s sales and profitability objectives. This position also plays a key role in maintaining accurate documentation, cross-functional collaboration, and continuous improvement in procurement operations.
Key responsibilities:
- Analyze and Determine Pricing & Product Mix: Assess files to calculate accurate pricing and select an optimal product mix.
- Purchase Order Management: Create, submit, and track purchase orders, ensuring timely processing and delivery.
- Supplier Relations & Pricing Strategy: Ensure products are purchased at the right time, meet specifications, and are competitively priced. Regularly check online prices to ensure market competitiveness.
- Build Strong Supplier Relationships: Foster long-term, positive partnerships with suppliers to ensure consistent product availability and favorable terms.
- Competitive Pricing & Retail Strategy: Prepare and adjust competitive pricing strategies to align with market demands and business objectives.
- Inventory Management: Plan and monitor inventory levels to maintain optimal stock levels, avoiding overstock or stockouts.
- Collaborate with Buying Managers: Request and review new offers from buying managers for specific brands or departments, ensuring product selection meets market demand.
- Product Performance Reporting: Compile and present product performance and sales statistics, reporting findings to the head of buying for data-driven decision-making.
- Market Awareness & Trend Monitoring: Stay updated on the latest fashion brands and industry trends to inform buying decisions and maintain competitiveness.
- Maintain Product Documentation: Keep buying spreadsheets and records up to date with product details and incoming stock manifests.
- Cross-Department Collaboration: Communicate with relevant departments as necessary and provide support to the warehouse team with product pricing details.
Qualifications
- Bachelor’s degree in Business Administration, Supply Chain Management, Retail Management, or a related field.
- 3–5 years of relevant experience in a retail buying, merchandising, or procurement function (experience in Sports Fashion/off-price retail is a must).
- Strong analytical skills with proficiency in Microsoft Excel and other data reporting tools.
- Excellent negotiation and communication skills, with the ability to build and sustain vendor relationships.
- Sound understanding of inventory management and retail pricing strategies.
- High attention to detail and organizational skills.
- Market awareness and a keen interest in industry trends and consumer behavior.
- Ability to manage multiple priorities in a fast-paced, dynamic environment.