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Product Merchant/Buyer, Home in Chicago, IL at True Value

Date Posted: 12/8/2018

Job Snapshot

Job Description

True Value Company is the only hardlines wholesaler with a globally-recognized brand and serves over 4,400 retail locations in 60 countries. Our focus is making an impact in our communities through Engagement, Growth and Efficiency. Joining True Value offers a culture that:

  • Embraces personal and professional growth
  • Recognizes diverse perspectives
  • Provides competitive compensation while balancing your work-life needs

Your Value = Our Value. True Value.

Join the Merchandising/Buying Team as a Product Merchant/Buyer in the Home Department and be responsible for developing tactics and managing the day to day activities for assigned product categories that drive sales and margin for the company and our customers. Work collaboratively with the logistics and inventory teams to maintain productive inventories and targeted fill rates. Some of the categories include: fans, air conditioners, dehumidifiers, laundry, bath, furniture, closet storage and shelving and storage with warehouse sales of $32 million.

Position Description

Meet Customer's Expectations:

  • Respond to and ensure that customer inquires and problems are resolved in a timely and satisfactory manner
  • Work collaboratively with the field teams/sales and specialty businesses to gain a better understanding of retailers' needs and market opportunities
  • Communicate and set expectations for new and existing products, programs and pricing
  • Participate in the development of successful semi annual reunions (trade shows) and attend them.
Achieve inventory performance goals:
  • Establish productive and collaborative working relationships with the inventory team to achieve turnover and full rate goals
Category/Financial Management:
  • Help select, implement and sell merchandise programs and products to maximize sales and profits for True Value Customers
  • Understand and achieve annual category financial objectives
  • Create advertising plans with the Global Product Merchant/Director that will achieve category and department retail and wholesale sales and margin plans
  • Evaluate wholesale and retail competitors’ products, prices and strategies. Recommend changes where appropriate
  • Help develop competitive private brand assortments within the guidelines of the brand strategy
  • Work with Global Souring to source and/or develop the best possible products and programs
Manage Internal Process:
  • Manage semi-annual reunion process, vendor selection, layout and forms
  • Coordinate the execution of merchandising programs with internal support functions (e.g. logistics, inventory, finance, planogram/merchandising, marketing, quality assurance, branding and packaging and field specialty businesses)
  • Oversee the addition/management of new skus and new vendors
Manage Vendor Community:
  • Assist in resolving vendor supply chain issues
  • Develop a two-way communication with vendors and stay informed on current market trends and future developments
  • Attend Industry shows where appropriate

Position Qualifications

Minimum Type and Years of Related Experience Required:

  • Three to five years of related experience
  • Experience in retail is required, home department is desirable
  • Merchandising, Sales and Supply Chain experience required
  • Analytics, Communication, Customer Service, Facilitation, Forecasting, Negotiation, Project and Time Management skills are preferred
Major Financial Controls:
  • Responsible for generating revenue. Target value of revenue = <$32 million
  • Manages the movement of inventory. Inventory value under management = <$10 million
  • Responsible for generating profit. Value of profit = <$10 million
Minimum Education Requirements:
  • Bachelor's degree or equivalent work experience

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

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