10/18/2024
BOTTEGA VENETA General Merchandising Manager
Bottega Veneta - Regular
Seoul - Korea, Republic of
This position is responsible for making decisions merchandise supply plan including buying products in accordance to the pre-agreed Open-To-Buy budget among styles, fabrics, functionalities, colors, etc. in order to maximize sales opportunity, inventory turn, profitability and Brand image. Responsible for implementing the merchandising strategies and ensuring that product mix is available to meet customer/market demands whilst driving the business forward in the merchandise category in DOS/Outlet store including event like pop up.
[Job scope]
- In charge of whole Merchandising function for DOS (28 doors) & Outlet (3 doors) channels
- Manage OTB budget
- Head of Merchandising team, supervising 8 team members
[Main Job Responsibilities ]
- Responsible for merchandising category mix and assortment planning in accordance with respective merchandising strategies directed by top Management
- Plan and execute buying activities of designated product categories and replenishment program (Relux)
- Monitor inventory, delivery and reordering situations to ensure appropriate levels of stock of designated product categories are maintained, and responsible for merchandise allocations to DOS/Outlet and co-ordination with stores and warehouse for stock operations
- Monitor sales and sell-through situation and execute appropriate strategies and tactics to liquidate stocks and boost sales, and take care of all mark-down/mark-up and merchandise related issues for seasonal sale periods in accordance with HQ guideline
- Provide product training and fashion trend information to the front-line staff
- Regularly report to APAC CEO and Worldwide Retail Merchandising Director in head office for overall sales performance, merchandise mix, inventory situations and important issues, etc.
- Sales, OTB & Inventory planning: Top line sales-sales by month by store, sales by month by category sales plan in detailed-sales by store by month by category (unit & value), Daily sales plan-monthly basis, open to buy-buy collection, by CO/Newness, inventory flow review and give an input to finance.
- Buy/Order/Reorder: Attend Milan buying campaign (4 times per year), place an order with buyer, review and supervise order by setup merchandising strategy, shipment, sell through, on hand, reorder, transfer,
- Markdowns: markdown projection, work with Retail team, strategy for markdown, schedule, make the action plan for the markdown % and location including stock movement
- Sales Push: Communication with store for sales push, work with Retail Director to cooperate with the incentive program for sales target, push money etc.
- Report: monthly summary (prepare general highlight & comments by store, complete the report with buyer), recap on PR/Sales activity (i.e. Event recap)
- Meeting: Weekly meeting with Leadership group / Bi-weekly meeting with WW Retail Merchandising team / Monthly meeting with store managers for the sales meeting / Monthly touch base with WW Planning team and Kering logistic & Tech team / Regular store visits & competitor surveys
- PR: work with PR for PR activity (sample order, event, AD/Editorial). Closely coordinate editorial coverage with merchandising.
- Training: Co-work on the seasonal product training and deliver merchandising focus each season (4 times per year)
- VM: work with VMD for weekly/monthly focus and store opening/Pop up event
- Customer service: work with CS team for claim/customer services.
- Wholesale: Alignment in the markdown plan (rate and period) and Pricing adjustment
- Finance: Cross-working during Budget/FC1 period on the merchandising procurement and stock movement plan
[Qualification]
- Minimum 15 years of experience in fashion merchandising/buying role with international fashion/luxury brand companies
- Strong leadership and communicator with a proven track record in leading, coaching, developing and succession planning of large buying teams
- Good command of written and spoken English
- Extensive traveling will be required
[Knowledge]
- High level of financial and business acumen
- Strong fashion and market sense with solid high-end fashion buying experience for the Korea Markets
[Skills]
- Excellent presentation, planning and analytical skills