Zadok Jewelers, one of the largest family-owned and operated jewelry stores in the United States is looking for a Retail Jewelry Buyer to join our amazing and growing team in Houston , Texas store. Minimum 3 years experience required.
As a Zadok Jewelers Luxury Jewelry Buyer, you will play a critical role in selecting and purchasing jewelry merchandise for our two retail stores. You will be responsible for understanding fine jewelry market trends, inventory sales analytics, analyzing customer preferences, and ensuring that our stores offer a variety of high quality, on-trend products.
Key Responsibilities: Product Selection – Collaborate with Zadok management and in-store brand ambassadors to research, evaluate, and select jewelry and watch products for retail, ensuring a diverse and appealing range of items that align with the store’s target demographic and brand image.
Vendor Relations – Build and maintain relationships with jewelry suppliers and manufacturers. Negotiate pricing, terms, and delivery schedules. Meet with vendors in person, by phone/video, and at trade shows to view and discuss vendor agreements, product assortment, ordering, etc.
Market Analysis – Stay informed on trends, customer preferences, and competitor offerings. Use an analytical and common-sense approach to purchasing and stocking our retail locations. Attend trade shows, conferences, vendor meetings, and other industry events to keep abreast of new designs, designers, brands, trends and industry innovations. Seek and suggest new relevant brands.
Inventory Management – Monitor inventory levels to ensure an optimal stock of products. Place orders based on sales forecasts, historical data, and market trends. Ensure consistent product availability while managing back orders, without overstocking. Manage appropriate levels of asset inventory and consignment inventory with each vendor when applicable. Regularly stock balance jewelry vendors to manage aged or slow turning inventory. Manage purchase orders in Adaptive of all open stock and special orders, ensuring timely delivery.
Pricing Strategy – Collaborate with management to determine competitive pricing strategies for jewelry while ensuring maximum profitability and turn.
Quality Control – Ensure all products meet the store’s quality standards. Regularly inspect incoming stock for defects, quality, and craftsmanship.
Sales Performance Analysis – Review sales data, sales history, product turn, return on investment, and customer feedback to identify popular products and adjust buying strategies accordingly. Work with the sales team and marketing team to ensure products are displayed and marketed effectively.
Budget Management – Manage purchasing budgets to ensure purchases are within financial targets, balancing quality with cost-effectiveness. Analyze sales data to determine the right mix of products to meet customer demand and store sales goals. This includes Zadok Collection private label, designer Jewelry, and accessories.
Customer Insight – Understand customer buying behavior, preferences, and needs to select products that will drive sales and enhance customer satisfaction.
Required skills & Qualifications:
Proven experience with a minimum of 3 years as a buyer in the retail jewelry industry.
Strong understanding of jewelry trends, design and materials. This includes metal types and gemstone knowledge.
Strong understanding of our brand.
Excellent negotiation, communication, and interpersonal skills.
Strong analytical skills and the ability to assess market trends, customer preferences, and sales data.
A self-motivator with the ability to think outside the box.
Ability to manage multiple priorities and work in a fast-paced, dynamic environment.
Knowledge of inventory management systems and software.
Strong organizational skills with attention to detail.
Have a passion for luxury items, fashion, and the jewelry industry
BACKGROUND CHECK & DRUG SCREENING REQUIRED.
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