Assistant Buyer
Company | Five Below |
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Location | Philadelphia, PA, USA |
Salary | $Not Provided – $Not Provided |
Type | Full-Time |
Degrees | Bachelor’s |
Experience Level | Entry Level/New Grad, Junior |
Requirements
- Bachelor’s degree required.
- Experience as an Assistant Buyer or in a similar retail role a plus
- Knowledge of product development, planning, and both domestic and overseas manufacturing.
- Strong organizational skills and attention to detail.
- Proficiency in MS Office Suite and familiarity with BI Reporting tools.
- Excellent communication skills, both written and verbal.
- Must be able to handle multiple projects and contribute effectively to team efforts.
- Negotiation skills and vendor relationship management a plus
- Must be willing to travel as needed.
- Ability to embrace 5 core company values
- Demonstrate ability to excel in a fast-paced environment while adopting a mentality of ‘let go & have fun’
- Must be Philadelphia-based or willing to relocate to the Philadelphia area.
Responsibilities
- Assist the Buyer with running reports and analysis for the Buying team to support decision-making.
- Suggest newness and category extensions to refresh the assortment and drive growth.
- Help with sample management, ensuring design comments are relayed to vendors and that all final samples are available for ads, floorsets, and styleouts.
- Responsible for accurate and timely set up of new items and maintenance of accurate item attributes.
- Collaborating closely with the department’s buying team to accurately create, review, and place purchase orders (POs), ensuring all details align with product specifications, vendor agreements, and delivery timelines.
- Contribute to product development by helping with the creation of product briefs, executing competitive shop recaps, and ensuring quality matches ordered products.
- Monitor market trends through comp shopping, social media, trade shows, and vendor appointments.
- Support the Buyer in negotiating favorable terms and conditions with vendors.
- Collaborate with cross-functional teams (supply chain, merchandising operations, planning) to ensure timely approval of items and POs. Partner to resolve any issues with vendors, DC teams, or other stakeholders.
- Use BI Reporting to analyze sales data, run ladder plans, and generate reports to support business insights.
- Coordinate and facilitate the process of MOS, markdowns, RTVs, attribute creation, deal pricing, marketing project requests, and chargebacks.
- Maintain open communication with vendors and cross-functional teams to resolve issues such as overages, shortages, UPC discrepancies, and import delays.
Preferred Qualifications
- Experience as an Assistant Buyer or in a similar retail role a plus
- Negotiation skills and vendor relationship management a plus