Merchant Job Description
Merchant Job Description Template
Merchants drive business growth by identifying, purchasing, and managing inventory. They strategize sales, negotiate with suppliers, and analyze market trends to maximize profitability. Key tasks include forecasting, pricing, and product selection.
Responsibilities:
- Develop and maintain strong relationships with suppliers and vendors
- Analyze market trends and customer needs to identify potential new products or services to offer
- Negotiate pricing and contracts with suppliers to ensure profitable margins
- Manage inventory levels to ensure adequate stock and minimize overstocking or stockouts
- Collaborate with marketing team to develop and execute promotional strategies
- Monitor sales performance and adjust pricing or promotions as needed
- Stay up-to-date with industry trends and competition to maintain a competitive advantage
- Provide excellent customer service to build and retain a loyal customer base
Requirements:
- Bachelor's degree in business, marketing, or related field
- Proven experience as a merchant or similar role
- Strong analytical skills and ability to interpret sales data
- Excellent communication and negotiation skills
- Knowledge of market trends and consumer behavior
- Ability to work collaboratively with cross-functional teams
- Proficiency in Microsoft Excel and other data analysis tools
- Demonstrated ability to develop and implement successful merchandising strategies
