Retail Buyer

As a Retail Buyer, your primary responsibility will be to source and procure merchandise for a retail establishment. You will be responsible for selecting the right products, negotiating with suppliers, and ensuring that the retail store maintains a profitable and attractive product assortment. Your role involves staying updated with market trends, understanding customer preferences, and making data-driven decisions to drive sales and enhance the retail business's overall profitability.

Responsibilities:

• Identifying customer preferences and forecasting consumer trends
• Evaluating supplier options according to prices, quality etc. and determining the best choices
• Discovering and purchasing new products and checking the quality and popularity of those already on our shelves
• Conduct market research to identify current and emerging trends in the retail industry.
• Analyze sales data, customer preferences, and historical buying patterns to make informed decisions about the product assortment.
• Select and curate merchandise that aligns with the store's target market and brand image.
• Identify potential suppliers and build strong relationships with them.
• Negotiate pricing, terms, and conditions with suppliers to secure favourable deals and ensure competitive product costs.
• Manage supplier performance and address any issues or discrepancies promptly.
• Monitor and control inventory levels to optimize stock levels and minimize overstock or stockouts.
• Forecast demand and plan inventory replenishment to meet customer needs.
• Set pricing strategies that balance customer demand, market trends, and profitability goals.
• Monitor product performance and adjust prices as needed to maximize revenue and margin.
• Ensure that all purchased products meet quality standards and comply with relevant regulations and safety requirements.
• Conduct quality checks and inspections as needed.
• Plan for seasonal changes and promotional events, ensuring that the product assortment is relevant and appealing to customers.
• Collaborate with the marketing team to support promotional campaigns.
• Analyze sales data, inventory turnover, and product performance to identify opportunities and areas for improvement.
• Prepare regular reports on sales, inventory, and buying activities for management review.
• Attend trade shows and supplier visits to discover new products and suppliers, and to stay updated with industry trends.

• Bachelor's degree in Business, Marketing, Retail Management, or a related field is preferred.
• Proven experience as a Retail Buyer or in a similar role, with a track record of successful buying decisions.
• Deep knowledge of retail industry trends, consumer behaviour, and market dynamics in the UAE.
• Strong negotiation and supplier management skills.
• Outstanding communication abilities
• Excellent organizational skills
• Demonstrable aptitude in effective negotiating
• Up to speed with purchasing best practicesAnalytical mindset and the ability to use data to drive buying decisions.
• Excellent communication and interpersonal skills to collaborate with suppliers and internal teams.
• Familiarity with inventory management and retail software systems.
• Proficiency in English and Arabic (spoken and written) is preferred, given the multicultural environment in the UAE.
• Strong organizational skills and the ability to manage multiple tasks simultaneously.