RetailThe foundation of Al-Futtaim’s retail network was established in the early 1990s with the launch of the internationally renowned and popular IKEA, Marks & Spencer, Toys R Us and ACE franchises in the UAE. Representing some of the world’s most popular international brands, Al-Futtaim’s retail network extends throughout the UAE, GCC and North Africa and has a significant presence in Singapore and Malaysia following the acquisition of The Robinson Group in 2008. In 2012, Al-Futtaim acquired a shareholding in Royal Sporting House, which is active in distribution, direct retail stores and shop-in-shops. The Singapore-based fashion, sports and lifestyle retail giant has 600 stores and many additional points of sale are spread around the world with over 399 in South East Asia, over 74 in the Middle East and over 126 in the South Pacific region. - 837 stores in 18 countries- Occupies 5.6 million sq. ft. of retail space- 13,000 employees - Serves 30 million customers each yearToys R UsToys “R” Us is the largest specialty toy store in the world. Launched by the Al-Futtaim Group in Dubai in 1995, Toys “R” Us now exist in twelve locations in the Gulf market and has emerged as undisputed market leader for all children related products.The stores offer an unrivalled range of toys, games, sporting goods, electronics, software, baby products, children’s apparel and juvenile furniture all under one roof.About the Job
We are seeking to hire a Buyer for Toys R Us in Cairo, Egypt. To plan, project and identify the requirements for the purchasing of products, negotiate with suppliers for purchasing the required quantities at optimum costs which meets customer needs thereby maximizing profits and providing a commercially viable range of products. Your job responsibilities will be including but not limited to the following:
* Plan, set and monitor the OTB budgets
* Plan and select the range, category, quality and quantity of merchandise according to customer demand, trends, store policies and set prices and sell through targets in conjunction with the Head of Buying ensuring they are in line with the budget.
* Placing seasonal orders to keep in line with the brand purchase plans.
* Analyse market trends, consumer preferences, sell through, seasonal demands etc.to formulate a buying practice in line with consumer /store demands.
* Maintain profitable relationships with existing suppliers and monitor the adherence to the contract terms.
* Negotiate on product pricing, payment terms, cost of freight, provision of training, and the extent of their involvement in advertising and promotions, to decide on placing a purchase order with the supplier for the concerned product.
* Support the promotional activities in the store and ensure the merchandise is available in time and in right quantities. Receive and analyze reports on the activities and provide recommendations to the Buying Director when required.
* Manage the product and quality training of staff in the area to ensure that the product knowledge is up to date and that all staff are knowledgeable on new products/trends.
* Prepare regular trends training in collaboration with the Brand Manager.
* Review and analyze performances of products/categories and provide recommendations to Buying Director as to buying strategy for a respective brand/collection.
* Maintain accurate records and prepare periodic reports analyzing the sale turnover and consumer trends per product to arrive at a decision to maintain/liquidate/dispose of the stocks and/or continue/discontinue product lines.
* Attend buying trips
* Working in collaboration with the Merchandise planners to ensure that accurate buying is obtained resulting in minimal markdowns and higher sell thru.
* Responsible for managing financial including Open-to-Buy planning and total Profit & Loss in all areas of responsibility,
Job Details
| Date Posted: | 2016-05-04 |
| Job Location: | Cairo, Egypt |
| Job Role: | Other |
| Company Industry: | Retail/Wholesale |
Preferred Candidate
| Career Level: | Student/Internship |
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Buyer | Toys R US | Cairo, Egypt - Al Futtaim Group
Buyer | Toys R US | Cairo, Egypt - Al Futtaim Group jobs
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