Buyer-Menswear
This Buyer role at Shoppers Stop focuses on menswear merchandise procurement and vendor relations. The candidate will be responsible for developing sourcing strategies, negotiating pricing, and working closely with design and merchandising teams. The role requires conducting market research to stay ahead of fashion trends and managing product life cycles from selection to stock management. It is a core operational position within the company's retail division.
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Experience
Experience not specified
Function
Purchasing
Work mode
Onsite, India
Company
Tier 2
What you will work on
This Buyer role at Shoppers Stop focuses on menswear merchandise procurement and vendor relations. The candidate will be responsible for developing sourcing strategies, negotiating pricing, and working closely with design and merchandising teams. The role requires conducting market research to stay ahead of fashion trends and managing product life cycles from selection to stock management. It is a core operational position within the company's retail division.
TAL's take
Standard retail buying role at a well-known national department store, offering stable but traditional operational scope.
Clear responsibilities focused on procurement, vendor management, and merchandising, though the responsibilities list is quite repetitive.
Salaries at Shoppers Stop
7.3 LPA average
Based on 2 Grapevine salary entries for Shoppers Stop.
Marketing
4 - 6 years
9 LPA average
Range: 9 - 9 LPA
Other roles
12 - 14 years
5 LPA average
Range: 5 - 5 LPA
Must haves
- Graduate/Diploma in design or apparel merchandising
- Experience in vendor identification and management
- Ability to contribute to buying and merchandising strategy
- Experience in pricing strategy and supplier negotiation
- Knowledge of market research and competitor trend analysis
About the company
Shoppers Stop is a major established Indian retail chain, classified as a large enterprise but lacking the high-growth software engineering brand of Tier 1 tech companies.
Posts mentioning Shoppers Stop
Record-Breaking Black Friday Sales Surge
- US consumers flocked to Black Friday deals, boosting sales by 3.4% year-over-year, according to Mastercard. - Online shopping saw a significant 14.6% increase, with total online sales reaching $10.8 billion, per Adobe Analytics. - Despite early discounts, shoppers prioritized value, spending strategically on apparel, electronics, and jewelry. Source: [Cnn](https://www.cnn.com/2024/12/01/business/black-friday-holiday-shopping/index.html), [Nbc News](https://www.today.com/video/shoppers-spent-nearly-11-billion-on-black-friday-data-shows-225869381529)
Amex Gold: A No-BS rewarding credit card
Amidst the complex offerings of credit cards, Amex Gold is a breath of fresh air and is my 2nd most utilized card after Axis Atlas. Mind you, I've not used this card extensively but rather for a very specific purpose every month. For those of you who are unfamiliar with it, the card offers 1000 bonus MR (Membership Reward) points upon completing 6 transactions of Rs. 1000 each within a calendar month. How I have utilized the card is quite straightforward - You earn 2 MR points for every Rs. 100 spent. If you're buying a GV (gift voucher) through Amex GYFTR website with the Amex Gold, you get 5x the value, meaning10 MR points per Rs. 100 spent. Buying 6 Amazon vouchers worth Rs. 1k each month to get (6*100 + 1000) = 1.6k MR points on a spending of Rs. 6k Keeping the value of a MR point ~ Rs. 0.5, you get 13.3% as return reward which inarguably is a steal in the current credit card landscape Repeating the same for 12 months, you get 19.2k MR points on a spend of Rs. 72k. What can you get with 19200 MR points? 1. 6k Amazon GV + 1.2k MR points still left 2. 7k Shoppers Stop GV + 1.2k MR points still left 3. 9k Taj GV + 1.2k MR points still left 4. 19.2k Marriot Bonvoy points 5. 6.4k Club Vistara points 6. 9.6k Virgin Atlantic points These are just a few of the many redemption options available. I've listed out the ones which I frequently redeem for. The underrated advantage which I've always felt with Amex is their backend and customer support system. You typically receive your bonus points smoothly within a day or two after fulfilling the offer. Even if you don't, there is the ever so reliable live chat support ready to assist with inquiries. As the title suggests, this card is ideal for people who prefer not to delve into the complexities of maximizing card benefits. It has got a very straightforward use to earn a very decent reward.
The Container Store Files for Chapter 11 Amidst Fierce Competition
- The Container Store has filed for Chapter 11 bankruptcy due to declining sales and competition from major retailers like Target and Walmart. - Despite the bankruptcy, the company plans to keep its 102 stores and online operations running, ensuring no disruption to customer orders and services. - CEO Satish Malhotra emphasized the company's commitment to maintaining its workforce and delivering top-notch customer experiences during the restructuring process. Source: [The Economic Times](http://economictimes.indiatimes.com/news/international/us/the-container-store-files-for-bankruptcy-what-it-means-for-shoppers-and-stores/articleshow/116605307.cms), [Mint](https://www.livemint.com/companies/news/home-goods-retailer-the-container-store-files-for-bankruptcy-protection-11734962005361.html)