Category Manager
2 weeks ago
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Direct message the job poster from BFL Group.
Talent Acquisition Partner at BFL Group | IT Recruiter | Career Matchmaker | HR | RetailCategory Manager
Company Overview
BFL Group is one of the world's leading off-price retailers of fashion and homeware. With headquarters based in the United Arab Emirates, we serve over markets across the region and in Europe.
Our goal is to delight customers and entice them back with the promise of exceptional pieces that excite – all at up to 80% off the original retail price for fashion designer brands. Our unique "Treasure Hunt" model ensures there is always something new to explore, desire and discover within our stores. Our customers walk out with new items every time they visit any of our stores.
Position Overview:
The Category Manager will be responsible for driving the growth and profitability of assigned product categories through strategic planning, effective management, and strong leadership. This role requires a deep understanding of the fashion retail landscape in the Middle East, preferably with off-price retail exposure, excellent negotiation skills, and a proven track record in achieving sales targets and optimizing category performance.
Key Responsibilities:
- Achieve Sales Targets: Develop and implement strategic plans to achieve sales targets for assigned product categories, ensuring alignment with overall business objectives.
- Drive Profitability: Optimize pricing strategies, margins, and promotional activities to maximize profitability while maintaining competitive positioning in the market.
- Oversee Buying Functions: Lead the buying process, including assortment planning, vendor selection, and inventory management to ensure a balanced and attractive product assortment.
- Negotiations: Negotiate favourable terms with suppliers and vendors to secure competitive pricing, terms, and conditions, while maintaining strong vendor relationships.
- Vendor Relationships: Build and maintain strong relationships with key vendors and suppliers, fostering partnerships that support mutual growth and innovation.
- Category Optimization: Continuously analyse market trends, consumer behaviour, and competitive landscape to identify opportunities for category expansion and optimization.
- Improve Stock Turns: Implement effective inventory management strategies to improve stock turns, reduce excess inventory, and minimize stockouts.
- Cross-functional Collaboration: Work closely with marketing, operations, and finance teams to align category strategies with overall business objectives and drive integrated marketing campaigns.
- Market Analysis: Conduct regular market research and analysis to stay informed of industry trends, competitor activities, and customer preferences, utilizing insights to drive decision-making.
- Team Leadership: Provide leadership and mentorship to category management team members, fostering a culture of excellence, collaboration, and continuous improvement.
Qualifications:
- Bachelor's degree in Business Administration, Marketing, Fashion Merchandising, or related field. Master's degree preferred.
- Proven experience as a Category Manager or similar role in the retail industry, with a minimum of 5 years of relevant experience.
- Strong analytical skills with the ability to interpret sales performance data, market research, and financial reports.
- Excellent negotiation, communication, and interpersonal skills.
- Strategic thinker with the ability to develop and execute effective category strategies.
- Experience in vendor management, contract negotiation, and supplier relationship management.
- Proficiency in Microsoft Office Suite; experience with ERP and retail management software is a plus.
- Knowledge of fashion trends, consumer behavior, and competitive landscape in the Middle East market.
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