Assistant Buyer

Are you a savvy shopper with an eye for trends and a passion for finding the best deals? Are you looking for an exciting opportunity to combine your love for retail and your knack for negotiation? Look no further, because Five Below is seeking an enthusiastic and detail-oriented Assistant Buyer to join our team!As the Assistant Buyer, you will play a crucial role in supporting the buying team in all aspects of the purchasing process. From conducting market research to maintaining relationships with vendors, you will be a key player in helping us bring amazing products to our customers at unbeatable prices.The ideal candidate for this role is a self-motivated individual with strong organizational skills and a keen understanding of the retail industry. If you have a passion for bargain hunting and a desire to grow in a fast-paced, dynamic environment, we want to hear from you!

1. Conduct market research to identify current and future buying trends.
2. Maintain relationships with vendors and negotiate pricing and terms.
3. Assist in the development and execution of the overall buying strategy.
4. Collaborate with the buying team to select products that align with company goals and customer preferences.
5. Analyze sales data and provide insights to inform purchasing decisions.
6. Monitor inventory levels and make recommendations for restocking or discontinuing products.
7. Manage the product ordering process, including placing orders, tracking shipments, and resolving any issues.
8. Coordinate with other departments, such as marketing and operations, to ensure seamless product launches and promotions.
9. Stay updated on industry trends, competitor activities, and market changes to inform buying decisions.
10. Help maintain accurate product information and pricing in the company's systems.
11. Participate in vendor meetings and attend trade shows and buying events.
12. Assist in creating and managing budgets and forecasts for product categories.
13. Continuously strive to find new opportunities for cost savings and efficiencies in the buying process.
14. Support the buying team in day-to-day tasks and other ad hoc projects as needed.
15. Uphold the company's values and standards, and represent the brand positively in all interactions with vendors and partners.

According to JobzMall, the average salary range for a Assistant Buyer in Philadelphia, PA, USA is $35,000 to $55,000 per year. This range can vary depending on factors such as experience, education, and the specific company and industry the Assistant Buyer is working in. Additionally, bonuses and benefits may also be included in the overall compensation package for an Assistant Buyer in Philadelphia.

Five Below Inc. is an American chain of specialty discount stores that sells products that are less than $5, plus a small assortment of products from $6 to $25. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens.