POSITION DETAIL LOCATION
BUYER, LAUREN APPAREL - 22297 New York, NY

Ralph Lauren Corporation is a global leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren Purple Label, Ralph Lauren Collection, Double RL, Polo Ralph Lauren, Polo Ralph Lauren Children’s, Ralph Lauren Home, Lauren Ralph Lauren, RLX, American Living, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands

Accountabilities
• Bottom-line financial accountability for product area (shared with Planner).
• Final accountability for product selection and product performance.
• Accuracy of buying office work product (i.e. - PO Management).
• Develop, retain and identify talent.
 
Responsibilities
• Formulate and profitably execute the development, selection, procurement and promotion of
  merchandise.
• Develop and implement product strategies that tie to financial plans (partner with Planner).
• Identify and execute key item and mailer item strategies.
• Create product assortments that integrate brands and balance price points.
• Partner with planning to continually manage the business through in-season analysis and tactical
  adjustments.
• Regularly communicate with visual presentation regarding inventory levels and assortment changes
  based on business trends.
• Partner with Global Brand Strategy teams to create an effective and focused conceptual direction for
  each quarter and for each fiscal year to achieve sales & profit goals.
• Participate in fiscal planning by determining and directing the strategic focus of the product area:
  identify growth, maintain and down trending businesses and brands.
• Continually partner with design, corporate merchandising and licensees to ensure that DTC product
  needs are met & advertising campaigns are well covered for site creative.
• On Quarterly basis, conduct Assortment Strategy Meeting and gain buy-in from storeline, marketing
  and visual presentation.
• Negotiate with vendors on all costing, discounts, delivery, sourcing opportunities, and safety stock
  programs.
• Develop a team and promote an environment that fosters respect for the ideas of others and supports
  ongoing collaboration to execute business strategy; measures own success by the team’s success.
• Manage daily priorities, performance and work product of direct reports.
• Establish, nurture and utilize internal and external partners to drive the business.
• Facilitate ongoing communication with planning and distribution teams.
• Visit and sell-in stores monthly: shop the competition regularly for trends and product opportunities.
• Collaborate with Planner on the presentation of the MFR.
• Manage incoming receipts through timely input and update of purchase orders.

Required Skills/Qualities
 
• Customer, marketplace and product expert.
• Expertise in retail math.
• Confident and independent recommendations and accountability for managing and achieving
  business goals.
• Decision making capability clearly driven by conceptualizing future opportunities and developing
  strategic product and business initiatives.
• Strong leadership and team building skills, including the ability to motivate, negotiate and influence
  effectively across departments, divisions and the larger organization.
• Proven negotiation skills.
• Creative, assertive, and solution-oriented when faced with difficult business performance and/or
  challenging directives from senior management.
• Influence, present and defend a business argument both one-on-one and in a group setting.
• Superb presentation and communication skills, both spoken and written.
• Prioritize and direct multiple activities.
• Highly organized, detail-oriented and strong analytical skills
• Proven management skills.
• Comprehensive understanding of market challenges and opportunities.

 
Stretch Skills:
 
• Work independently of the DMM.
• Routinely exhibit the ability to successfully influence or direct a manager level peer.
• Develop an Associate Buyer to the next level.
• Regularly utilize partnerships (both internal and external) to grow the business and the scope of the
  buying role.
• Expand expertise by leading or making contributions to a cross-functional team or committee.
• Consistently present a global perspective encompassing businesses beyond the basic accountability
  of the role.
• Influence/develop new tools and processes that will improve efficiencies.
• Routinely develop new product strategies that expand, encompass or parallel corporate business
  initiatives, leverage synergies across the product areas and maximize profitability.
• Experience managing both a vertical and licensee business.

Ralph Lauren is an equal opportunity employer. We offer dynamic career opportunities with growth potential and a generous company discount