Stitch Fix
5 days ago
About Stitch Fix, Inc.
Stitch Fix (NASDAQ: SFIX) is the leading online personal styling service that helps people discover the styles they will love that fit perfectly so they always look - and feel - their best. Few things are more personal than getting dressed, but finding clothing that fits and looks great can be a challenge. Stitch Fix solves that problem. By pairing expert stylists with best-in-class AI and recommendation algorithms, the company leverages its assortment of exclusive and national brands to meet each clients individual tastes and needs, making it convenient for clients to express their personal style without having to spend hours in stores or sifting through endless choices online. Stitch Fix, which was founded in 2011, is headquartered in San Francisco.
About the Role
Are you an experienced merchandising buyer who is looking for an opportunity to leverage your strategic and product acumen in new and innovative ways? Do you have a desire to learn new ways of working and crave data-driven insights to help drive your business?
Stitch Fix is seeking an experienced and strategic-minded Buyer II to lead our merchandising team and drive the development and execution of our product assortment strategies. As a Buyer II, you will leverage your extensive industry knowledge, strong analytical skills, and leadership abilities to curate a compelling and on-trend product selection. You will play a key role in shaping the overall merchandise vision, driving business growth, and delivering an exceptional client experience.
As part of the Merchandising organization, you will have full ownership of department-level strategies and support other organizational strategic projects as part of our long-range plan. The Buyer II will constantly analyze the business and execute actions based on learnings, involving calculated risks and bold decision-making. The successful candidate will demonstrate the ability to develop and nurture mutually productive relationships with both internal and external partners and is excited about using client feedback to create and execute merchandise strategies and assortment plans that deliver strong financial targets and delight our clients.
Youre excited about this opportunity because you will…
- Drive the overall assortment strategies for multi-channel and multi branded business; curate brands and products that meet client needs and deliver on financial targets for your categories
- Leverage client insights and data to build a deep understanding of client opportunities to build a best in class assortment for clients
- Conduct market research, trend analysis, and competitor benchmarking to identify brand matrix opportunities, curate product assortments, and deliver an excellent value proposition for our clients
- Develop long, mid & short term plans to maximize departmental opportunities and support overall Stitch Fix strategic priorities
- Collaborate closely with the Planning team to develop and manage assortment strategies that meet or exceed financial targets.
- Cultivate effective partnerships with external brands that support long term goals and fuel short term results when needed
- Drive margin improvement initiatives and identify opportunities to maximize profitability
- Lead Vendor negotiations that support favorable cost structures, pricing strategies, and margins while delivering on great product quality
- In partnership with Planning, manage weekly sales performance, pricing strategies, and inventory levels to deliver on financial targets
- Develop pricing strategies that leverage marketing opportunities and seasonal shopping trends to deliver the right value to clients, optimize margin and improve inventory productivity.
- Leverage the expertise of cross-functional Data Scientists and the vast amount of client & style-specific feedback in building a robust vision for your product categories
- Partner with internal Private Brands teams to define the strategies, processes and vision that will deliver product excellence in our Private Label assortments
- Lead cross-functional task forces in support of key strategic priorities as needed
- Support Merchandising Leadership Team with other projects and deliverables as needed
- Lead a team, with at least 2 direct reports, and provide mentorship to other team members, prioritizing development, coaching, and clear/actionable feedback
- Foster a collaborative and high-performance culture, inspiring the team to achieve individual and collective goals
- Provide guidance and hold team accountable to delivering product excellence, with a clear and consistent price/value relationship and client-first mindset
We’re excited about you because…
- You have a Bachelor’s degree, with 8+ years of industry experience, diversified across multiple categories, brands and channels (required). Experience in market brands, Private Brands (and/or DTC) is strongly preferred.
- You have at least 2 years of experience managing direct reports and are excited to mentor, develop and inspire others in their career journey
- You have a keen eye for fashion trends and skillfully translate them for appropriate client segments.
- You have a track record of driving a profitable business, with a focus on balanced assortments that serve your clients and broader business objectives in a strategic way.
- A keen eye for fashion trends and experience in effectively commercializing these trends to serve your target consumer
- You are skilled at driving the product development process from start to finish
- Experience in creating data-driven line-plans, shopping-lists, and trend direction in order to inform vendors and/or design partners on product needs. You are versed in providing fit direction to maximize commerciality of styles.
- You are versatile, having a range of experience buying across different aesthetics, price points and age groups, and can adapt product strategies accordingly
- You embrace innovation, both transformational and incremental, and thrive in an environment where taking calculated risks, testing, and reacting is the norm.
- You have demonstrated success in vendor negotiations and contract management, leveraging your ability to build excellent partnerships rooted in trust.
- You are an excellent story-teller, communicating product vision and financial impact in an engaging and clear manner
- You have a keen ability to effectively balance Art and Science (data) to inform strategic assortment decisions
- You are detail oriented, organized and possess effective time management skills and have proven you can thrive in a fast paced environment where bold and proactive decision making is essential
- You prioritize team development and have a track record of identifying and growing talent
- You have excellent leadership and team management skills with the ability to inspire and motivate a team
- You have excellent communication and collaboration skills to work cross-functionally and influence key stakeholders and leadership.
- You are able to travel up to 30% of the time (i.e. San Francisco, Los Angeles, New York)
- Are Bright, Kind and Motivated by Challenge
Why youll love working at Stitch Fix...
- We are a group of bright, kind people who are motivated by challenge. We value integrity, innovation and trust. You’ll bring these characteristics to life in everything you do at Stitch Fix.
- We cultivate a community of diverse perspectives— all voices are heard and valued.
- We are an innovative company and leverage our strengths in fashion and tech to disrupt the future of retail.
- We win as a team, commit to our work, and celebrate grit together because we value strong relationships.
- We boldly create the future while keeping equity and sustainability at the center of all that we do.
- We are the owners of our work and are energized by solving problems through a growth mindset lens. We think broadly and creatively through every situation to create meaningful impact.
- We offer comprehensive compensation packages and inclusive health and wellness benefits.
Compensation and Benefits
This role will receive a competitive salary, benefits, and equity. The salary for US-based employees hired into this role will be aligned with the range below, which includes our three geographic areas. A variety of factors are considered when determining someone’s compensation–including a candidate’s professional background, experience, location, and performance.This position is eligible for new hire and ongoing grants of restricted stock units depending on employee and company performance. In addition, the position is eligible for medical, dental, vision, and other benefits. Applicants should apply via our internal or external careers site.
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