Retail Buyer - Corporate (Las Vegas)
Caesars Entertainment
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- Location
- Las Vegas, NV
- Job type
- Full time
- Posted
- Oct 21
- 1 day ago
Career path
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About the company
Caesars Entertainment
Hospitality · 10,001+ employees
What you'll do
- Select, purchase, and manage gift merchandise for retail locations
- Assist with revenue, margin, and inventory management across multiple properties
- Source and develop innovative product
- Develop pre-season annual sales and margin goals and in-season forecasts
- Produce weekly snapshot reports for retail senior leadership
- Partner with the distribution center and operations to manage product flow
- Monitor daily sales to identify promotional or revenue-driving opportunities
- Develop assortment plans for all new stores
What you need
- Must be 21 years of age or older
- Experience in retail buying required.
- Degree in merchandising or marketing preferred but not required.
- Ability to drive product assortment strategies across multiple locations.
- Willingness to travel.
- Demonstrated ability to multi-task and prioritize activities.
- Must be able to speak, read, write and understand English.
- Proven track record of exceeding goals.
- Strong understanding of retail finance and key performance drivers.
- Strong understanding of trends in relevant departments.
- Ability to develop and build a strong team of motivated merchants.
Key skills
retail buyingretail financeproduct assortment strategiesmulti-taskprioritize activitiestrends in relevant departmentsbuild a strong teamvendor matrixin season forecastingperformance metricsmarket trendsproduct knowledge
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Read the full posting here
The Retail Buyer is responsible for selecting, purchasing, and managing gift merchandise for retail locations. They will assist the retail division team in the revenue, margin, and inventory management of retail product across multiple properties / locations. They will also assist with sourcing and developing innovative product to achieve financial goals and support and enhance each Caesars owned brand within the retail division of Caesars Entertainment. Additionally, they will provide strong administrative support utilizing retail systems to successfully deliver a product assortment to exceed the expectations of Caesars guests.
Must be 21 years of age or older
Experience in retail buying required.
Degree in merchandising or marketing preferred but not required.
Ability to drive product assortment strategies across multiple locations.
Willingness to travel.
Demonstrated ability to multi-task and prioritize activities.
ADDITIONAL REQUIREMENTS
Must be able to speak, read, write and understand English.
Proven track record of exceeding goals.
Strong understanding of retail finance and key performance drivers.
Strong understanding of trends in relevant departments.
Ability to develop and build a strong team of motivated merchants.
Strategize around methodology to drive gross profit by managing vendor matrix and direct deliveries versus central distribution
Development of pre-season annual sales & margin goals for retail stores and in season forecasting in line with performance.
Produce weekly snapshot reports to communicate to retail senior leadership team on bi/weekly basis
Partner with corporate analytics to develop performance metrics to produce meaningful analysis
Partner with distribution center and operations to manage product flow and daily/twice daily deliveries to Las Vegas stores to maintain pre-agreed inventory levels.
Work with retail senior leadership team to identify areas of growth in product or real estate.
Strategically plan promotions by store month for at least 6 months in advance
Monitor sales daily to identify promotional or other revenue driving opportunities
Partner with vendors for FF&E, equipment and collateral to drive incremental revenue
Identify new and existing market trends that can be profitably and efficiently executed.
Quickly identify top and bottom selling product and develop appropriate action plan to maximize revenue and margin.
Identify new product or margin opportunities to Corporate Sourcing
Increase employee engagement by providing and communicating product knowledge seminars for the field
Coordinate vendor training/ special events / personal appearances to drive revenue
Develop assortment plans for all new stores and partner with all departments for store set up
Responsible for the training and development of all direct reports.
Key Performance Metrics
Exceed budget for revenue and margin.
Effective cross-functional collaboration with all verticals