Michaels Stores

Sr. Buyer

Michaels Stores$80K — $110K *
Retail & Consumer Goods
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years in merchandising with emphasis on retail buying and vendor management
  • In-depth knowledge of retail trends and consumer behavior
  • Proven success in sales, profitability, and inventory optimization
  • Strong analytical skills for data-driven decision making
  • Exceptional negotiation and communication abilities
  • Proven leadership experience in team development
  • Excellent organizational skills in a fast-paced environment

Responsibilities

  • Develop and manage category strategy to drive performance
  • Conduct competitive analysis to inform strategic purchases
  • Refine brand strategy for maximum market impact
  • Negotiate vendor agreements for optimal terms
  • Create assortment strategies that align with trends
  • Oversee promotional pricing to enhance sales and margin
  • Collaborate with teams to build and manage financial plans

Benefits

  • Professional development opportunities
  • Collaborative work environment
  • Access to market insights and competitive analysis tools
Full Job Description
Support Center - Irving

The Sr. Buyer is a strategic leader responsible for driving performance across major product categories. This role owns the end-to-end buying strategy, leads vendor negotiations, and collaborates cross-functionally to deliver compelling assortments that meet financial and customer goals. The Sr. Buyer plays a key role in mentoring team members and shaping the merchandise vision through data-driven insights and market awareness. They are responsible for ownership of their own category, in addition to leading a team to support a broader category ownership.

Key Responsibilities:
  • Category Strategy:
    • Develop and own the overall category strategy for your assigned pod.
    • Conduct in-depth performance analysis and competitive shopping to inform strategic decisions.
    • Refine and execute the brand strategy to maximize market impact.
    • Lead the development of the vendor strategy, identifying key partners and negotiating favorable terms.
  • Assortment/Product Strategy:
    • Create a winning assortment strategy that aligns with market trends and company goals.
    • Drive the Good/Better/Best strategy to optimize product offerings across all price points.
    • Oversee the space & merch presentation to ensure products are showcased effectively.
    • Partner with sourcing team to ensure IMU goals are communicated and met.
  • Price Management:
    • Ensure categorical promotional plan optimizes sales and margin in partnership with pricing team
    • Oversee and track cost changes and retail changes
    • Partner with pricing team to ensure retails are competitive in the market
  • Financial Plans:
    • Collaborate with planning team to build and manage financial plans
    • Take ownership of financial plans for your category, ensuring all strategies align with budget and revenue goals.
    • Monitor and communicate results against financial plans based on performance and market trends.
    • Partner with Inventory Management to optimize inventory.
  • Team Management:
    • Oversee team of managers and independent contributors, contributing to their growth and development
    • Lead and collaborate with cross-functional teams to deliver on business results


Qualifications:
  • 10+ years of merchandising experience, exhibiting progressively responsible assignments in retail buying, with a focus on strategic buying, vendor management, and inventory optimization
  • Deep understanding of retail industry trends, consumer behavior, and market dynamics
  • Proven track record of delivering exceptional results in driving sales, profitability, and inventory management
  • Excellent analytical and problem-solving skills, with the ability to interpret complex data and make strategic decisions
  • Excellent negotiation and communication skills, with the ability to build and maintain strong relationships with suppliers and stakeholders
  • Demonstrated leadership abilities, including the ability to motivate and inspire a team to achieve goals and targets
  • Exceptional organizational and time management skills, with the ability to handle multiple priorities and meet deadlines in a fast-paced environment
  • Flexible, resilient, and able to thrive in a fast-paced, deadline-driven environment


Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

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