The Merchant Development Program is designed to train and develop individuals to oversee the execution of product based on corporate vision and direction from our Merchant team. While working directly with Merchants, Planners, and Store Managers, our program builds cross-functional expertise and allows time for skill development and adjustment to the company culture. Individuals will learn directly from our leaders through a combination of classroom instruction and on-the- job experience.
The program will aid Individuals in building a customer-centric assortment; identify what products will be bought and sold for what price to the Hudson's Bay customer. They will ensure the financial performance of the merchandise in the department by optimizing assortment placement and quantifications in alignment with the Hudson's Bay Merchandising vision.
Partner with buyers and planners in managing a profitable business in a fast paced, deadline driven, detail oriented environment with the objective of increasing sales and earnings for the company
Assist with in-season management by actively monitoring Automatic Replenishment, Buyer Managed Inventory and Central Stock
Learn how to set financial targets and forecast overall department Sales $, GM% and Inventory Turns that fit the brand identity
Assist buyers and planners with financial performance management, inventory management and merchandise distribution
Conceptualize and work with team to execute on advertising and marketing strategies
Assist in vendor negotiations
Bachelor’s Degree from an accredited university, preferably in Business Management
Must be a 4th year student at time of application in a 4 year Bachelor’s Degree Program and available to work full-time in 2017
Strong interest and ability in financial analysis
Excellent analytical skills
Internship experience in related field and/or experience in retail preferred
Proven leadership abilities, including professional business ethics, assertiveness and self- motivation
Excellent written and oral communication skills
Highly flexible and adaptable
Ability to prioritize multiple projects and tasks to achieve productivity and business goals
Must be assertive, willing to take risks, and goal oriented, with a strong analytical and innovative mindset
Proficiency in Microsoft Excel, Word and PowerPoint a must.
Founded in 1826, Lord & Taylor has been offering designer fashions to Manhattan's most distinguished and discerning shoppers for nearly two centuries. Since its beginnings, Lord & Taylor has proved a true retail visionary: it was the first department store to move to Fifth Avenue, the first to develop the concept of personal shopping, and it was the first department store to boast the first woman president, Dorothy Shaver.