Senior Buyer - Snacks & Confections

Senior Buyer - Snacks & Confections

With a career at Hudson, you really benefit! We Offer: Health, dental and vision insurance Generous paid time off (vacation, flex or sick) 401(k) retirement plan with company match Company paid life insurance Tuition reimbursement Employee assistance program Training and exciting career growth opportunities Referral program – refer a friend and earn a bonus Compensation: $105,100 to $127,400

Purpose: The Senior Buyer is responsible for sourcing, selecting, and purchasing for Snacks in alignment with the company's goals and current trends for Duty Free locations, ensuring the right products are available to meet customer demands while maximizing profitability.

Essential Functions

• Sources, develops, and curates new brands and product assortments that align with the company objectives, customer preferences and market trends
• Monitors industry trends, consumer preferences, and competitor activities to proactively identify opportunities and challenges; adjusts assortments accordingly
• Manages supplier and vendor relationships, negotiates pricing and terms, and maintains optimal delivery schedules
• Analyzes sales data and performance metrics to make informed decisions on assortment mix and inventory replenishment
• Develops and maintains an understanding of the target audience, adjusting assortments to match evolving consumer preferences
• Address aged and slow-moving inventory levels and develop strategies for markdowns and promotions
• Executes SKU rationalization to maximize performance based on space allocation
• Partners with Planner using the OTB to manage stock levels
• Develops an exit strategy on non-go forward items; negotiates RTVs, implement markdowns, promotions, and price changes

Reporting Relationship: The Senior Buyer reports to the Senior Category Director

Major Interdependencies: Global Category team, Supply Chain, Master Data, Revenue Generation, Planning, Space Planning, Marketing, and Operations

Minimum Qualifications, Knowledge, Skills, and Work Environment: Education and Experience: The combination of education and professional experience must exceed 6 years: In a technical role: Requires 6 years as in a retail operations role with a focus in buying or merchandising A bachelor's degree in a business, marketing, or management program related to the functional area can count for 2 of the 6-year requirement In the industry: 3-5 years of retail operations experience Specialized Training: Training that leads to an in-depth understanding of the buying function Specialized Skillset/Competencies/Traits: Knowledge of financial tools and concept profitability; has the ability to understand and use market research and market trend information to maximize profitability Versatility, flexibility, and a willingness to work enthusiastically and independently with constantly changing priorities Strong organizational skills and attention to detail; excellent written communication and interpersonal communication skills Business acumen and also has the mindset required to understand the long-term implications of buying decisions and to advance the organization's goals Demonstrated history of understanding the needs of the business, stakeholders, the employee population, and individual circumstances Demonstrated history of creating and maintaining positive work environments to achieve common goals Location/Travel: This position is based at the North America Support Center in East Rutherford, NJ Requires ability to travel up to 15% of the time for meetings and to visit branch locations