Senior Buyer

Company Description

Who We Are

We’re purpose-driven. With every ride, we aim to redefine health and happiness. It’s all about being more than a workout: SoulCycle is a mind-body-soul experience, built on community, love, respect, acceptance, and a lot of fun. It comes to life through the ride, the relationships, and the unparalleled hospitality. And all of that comes from our people. Join us—we’d love to have you

Our Mission

To foster an open, diverse, & inclusive community—while embracing each unique individual exactly as they are. We empower each other by listening with an open mind, finding ways to learn and grow together, and always nurturing a sanctuary of trust. To make a real, lasting impact, we’ll work nonstop to embrace and create change. Because nobody is equal until everyone is equal.

Job Description

SoulCycle is hiring a Senior Buyer to support the SoulCycle business in regards to the development, merchandising, buying and inventory management of multiple product categories, helping to achieve both margin and sales goals within the department.

The ideal candidate will have a minimum of 8 years of experience in a buying office, be bright, energetic, detail-oriented, responsible and will perform their duties with dedication and commitment.  The responsibilities and duties of this position described here are representative of those a buyer must perform. This is not a comprehensive list and other duties may be assigned. 

ROLES AND RESPONSIBILITIES:

• Execute and initiate seasonal strategies as determined by leadership team
• Responsible for Merchandising line plan development
• Work closely with the team while building the product assortment, provide prepared ideas and point of view on editing process
• Gain a strong understanding of the SoulCycle customer: review new deliveries and sales, and communicate “learnings” back to the team
• Competitive knowledge: understand and translate trends and nuances in lifestyle/fitness trends
• Identify and research new suppliers/ factories/ markets to ensure new product needs are consistently met.  Constant monitoring and evaluation of vendor performance
• Must have strong experience in garment costing; ability to negotiate these costs and comparing costs from style-style and vendor-vendor
• Must have a strong understanding of the product develop life cycle -trims, lab dips s/o and hand feel approvals
• Expertise in time and action calendars as it pertains to production and warehouse deliveries
• Maintain buy plans to ensure accuracy, act as the point person for internal and cross functional teams
• Respond to Marketing and PR requests and inquiries
• Review historical performance at the category and key item level
• Partner with Planning on the determination of receipt plans, margin and IMU goals, and flow strategies to drive assortment execution
• Review with Planning the analysis of business by style, delivery and category to understand prior performance and develop future goals
• Manage purchase order process. Maintain accurate receipts, selling and on order spreadsheets
• Report on sales trend of business (best and slow sellers, style analysis, etc) to share with Retail Team and Executive Leadership team
• Work with Marketing Team to develop email and social strategy for retail
• Work with Directors of Retail to identify revenue driving opportunities from an assortment, studio allocation or private label perspective
• Identify potential new streams for growth i.e. wholesale, pop ups

Qualifications

• Undergraduate degree (business or fashion related discipline a plus)
• Must have an excellent understanding of retail math, participate in open to buy forecasting process
• 8+ years of retail buying experience in apparel/vertical retail driven environment
• Existing relationships in vendor community strongly preferred.
• Must possess proficient Excel, Powerpoint, Mac skills
• Must be comfortable handling ambiguity and working in a fast paced, dynamic office environment.  Must be adaptable to the needs of a changing and growing business
• Must have strong communication and negotiation skills
• Ability to build / maintain strong Vendor partnerships is mandatory
• Must be extremely detail oriented
• Must have an inherent drive for results
• Must be customer focused and a strong team player
• A personal passion for fitness and/or the SoulCycle brand is strongly preferred

Pay Transparency: Min $100K- Max $120K

Additional Information

For additional Information visit our Career Site: https://www.soul-cycle.com/careers/