Assistant Buyer

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About Rent the Runway:

Rent the Runway is disrupting the $1.7 trillion global fashion industry by introducing clothing rental as a utility in women’s everyday lives and empowering women to feel like their best selves everyday. We have pioneered the Closet in the Cloud and believe that every person globally will soon have a subscription to fashion. Since our launch in late 2009, we have raised $190M from top-tier investors and built one of the most beloved brands on earth. We are proud to be both a profitable and high-growth business, with a loyal 6MM-strong customer base who share the experience of renting as being empowering and smart.

Our 1000+ employees have a revolutionary spirit that permeates our culture. We’ve built - proprietary technology, a one-of-a-kind reverse logistics operation, stores of the future, a viral brand, relationships with hundreds of fashion brands - and we are obsessed with continuing to game change our customer experience. We are also trying to revolutionize entrepreneurship itself - proving that diverse teams produce outsized impact. The Rent the Runway Foundation, which our two co-founders launched together in 2015, helps tens of thousands of female entrepreneurs build and scale their own businesses with the mission of founders more clearly representing the demographics of this country.

Position Overview:

As Assistant Buyer, you will partner with the Buyer to manage and execute all buying functions for over 75 jewelry, handbag, and RTW brands, while developing strategic thinking skills and relating analysis back to the business with actionable suggestions.

Responsibilities:

  • Own receipt management process through updating shipping, attribute tagging, invoice payment, PO revisions, and surfacing cancellation recommendations based on receipt and business needs
  • Prepare and participate in market appointments through market pre-work analysis, vendor selling, and assisting Buyer in assortment selection
  • Own style-out preparation process to evaluate all product selected in market
  • Basic knowledge of the competitive marketplace, vendor community of existing and emerging brands, and current industry trends
  • Understand when to work with cross-functional partners (Planning, Creative, Marketing, Operations, Site Merchandising, CX) to drive business
  • Demonstrate knowledge of the buying lifecycle and business implications by translating day-to-day information into actionable business directives. Assistant Buyer will present initiatives bi-weekly to SVP of Merchandising in team meeting
  • Utilize in-depth systems knowledge (Tableau, Excel, and internal tools such as CI Admin and Dorothy) for analytics and style performance reviews
  • Assist in identifying process inefficiencies and making recommendations for process improvements in a timely manner
  • Continuously challenge self-development and growth of skills and seek to understand roles of others (i.e. attend market with Buyer, discuss allocation needs with Planners, etc.)
  • Anticipate problems and determine solutions to positively impact the business; reconcile receipts weekly to ensure PO's arrive on time and have booked correctly; ensure products are live on site in a timely manner through collaboration with Site Merchandising and Creative

Qualifications:

  • Bachelor’s Degree
  • 1-2 years of relevant work experience; retail experience a plus
  • Strong written and oral communication skills, excellent computer skills including MS Word and Excel
  • Self-starter who takes ownership and initiative and can excel in a fast-paced, high growth environment
  • Proactive thinker with the ability to focus on meeting strategic goals
  • Strong communication and time-management skills, strong negotiation and relationship building skills
  • Sophisticated sense of style and appreciation for fashion with the ability to identify trends
  • Ability to work with limited resources and willingness to be involved in many aspects of a growing company
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Location

10 Jay Street , Brooklyn, NY 11201

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