Buyer

Overview

Majid Al Futtaim Holding is a premier developer and operator of shopping malls, retail outlets, communities, and entertainment venues throughout the Middle East, North Africa, and Central Asia, employing over 43,000 individuals and generating revenues exceeding US$ 11 billion across 18 countries. Its portfolio includes renowned brands like Mall of the Emirates, Carrefour, and Vox Cinemas. The organization's philosophy centers on delivering exceptional experiences every day.

Position Summary

The Buyer role focuses on procuring merchandise at optimal cost, quality, and availability to align with customer expectations, thereby maximizing profitability and ensuring a commercially viable product range for Majid Al Futtaim Lifestyle operations. The position requires supporting the General Manager of Planning & Merchandising in formulating both short-term and long-term strategies related to brand assortment, product selection, inventory positioning, and margin management.

Key Responsibilities

• Develop and implement a buying strategy aligned with brand guidelines and MAF Lifestyle standards.
• Oversee vendor sourcing, contract negotiations, purchasing activities, and coordination with supply chain and warehouse teams to optimize functionality and efficiency.
• Ensure procurement of commercially sound product assortments aimed at maximizing sales and profits.
• Manage Open-to-Buy (OTB) budgets broken down by store, category, and subcategory.
• Collaborate with the General Manager to monitor and control stock levels in order to minimize lost sales and maintain a balanced merchandise mix.
• Contribute to the creation of annual business plans, budget forecasts, and buying strategies, monitoring adherence and implementing corrective actions as necessary to meet financial targets.
• Achieve prescribed financial objectives concerning buying activities, including OTB, profit margins, sell-through rates, and markdown management.
• Negotiate pricing, shipping costs, payment terms, and intake margins with local suppliers, prioritizing business effectiveness and cost efficiency.
• Maintain strong, mutually beneficial relationships with existing suppliers while ensuring compliance with contractual obligations.
• Continuously monitor customer trends and demographic changes to align purchasing decisions with consumer preferences and enhance the customer experience.
• Provide fashion trend insights and product training on new launches or seasonal collections to store teams as required.

Qualifications and Experience

• Between 2 to 4 years of experience in merchandising roles.
• A mandatory background in retail operations.
• Bachelor’s degree preferably in Fashion, Marketing, or related discipline.
• Additional qualifications in Retail Management, Purchasing, Sales, or related fields are desirable.

Company Culture and Benefits

• Opportunity to join a well-established regional leader known for creating memorable experiences.
• Engagement within a cordial workplace that encourages positivity and enthusiasm for future growth.
• Collaborate with a diverse workforce exceeding 45,000 employees, all guided by a robust leadership framework.