About This Role
BUSINESS INTRODUCTION
Majid Al Futtaim Holding is the leading shopping mall, retail, communities, entertainment developer and operator in the Middle East, North Africa, and Central Asia regions. With over 43,000 people, revenues of over US$ 11 Billion, and operations in 18 countries. Some of the iconic brands we carry include Mall of the Emirates, Carrefour, All Saints, Lego, City Center, Abercrombie & Fitch, & Vox Cinemas. We believe in making Great Moments for Everyone, Every day.
JOB TITLE
Buyer | Majid Al Futtaim LifeStyle | Buying
ROLE SUMMARY
The Buyer will be responsible for implementing the buy strategy for the assigned brand and building a product assortment that meets customer needs and drives the growth of the Majid Al Futtaim Lifestyle business. The Buyer will support the General Manager Merchandising in highlighting short and long-term strategic approaches, future growth opportunities, and areas of risk for the business with regards to product ranging, allocation, inventory, brand perception, pricing, and margin.
ROLE PROFILE
- Formulate a suitable buy strategy and plan in line with Brand and Majid Al Futtaim Lifestyle guidelines.
- Purchase commercial and profitable product ranges to maximize profitability and sales.
- Control all aspects of stock to minimize loss of sales and balance product mix through consistent and rigorous in season analyses.
- Negotiate product pricing, cost of shipment, payment terms, and intake margin with local vendors, taking into consideration business and cost effectiveness as the main consideration.
- Monitor brand performance, initiating corrective action where necessary to ensure operations are conducted within the agreed financial parameters.
- Deeply understand brand perception, product feedback, and product requests by regularly visiting stores and interacting with the store teams.
- Nurture a strong working relationship with the Planning, Finance, Digital, Logistics, and Operations teams to drive common business goals.
REQUIREMENTS
- A Bachelors’ Degree, preferably in Business Management, Marketing or related field.
- Qualification in Retail Management.
- 3-4 years of experience in a Buying and Merchandising role.
- Fashion retail background is mandatory.
WHAT WE OFFER
- At Majid Al Futtaim, we’re on a mission to create great moments, to spread happiness, to build, experiences that stay in our memories for a lifetime. We’re proud to say that over the past 27 years, we have built a reputation as a regional market leader in what we do. Join us!
- Work in a friendly environment, where everyone shares positive vibes and excited about our future.
- Work with over 45,000 diverse and talented colleagues, all guided by our Leadership Model.
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