Nitin Stephen Email & Phone Number

Al Khobar, Eastern, Saudi Arabia

Dubai, United Arab Emirates

Handling the category of Homeware which includes Home Decor, Dining, Bathroom Accessories, Storage and E-commerce Exclusive Buys with an annual business value of 90 Million AED. Lifestyle has 150 stores with strong presence of Home Decor across Middle East. Administering an annual buying budget of USD 8million and ensuring full compliance to the same. Grow category sales; maximize margin to ensure profit growth Maximize Online retail sales and achieve planned profit targets… Show more Handling the category of Homeware which includes Home Decor, Dining, Bathroom Accessories, Storage and E-commerce Exclusive Buys with an annual business value of 90 Million AED. Lifestyle has 150 stores with strong presence of Home Decor across Middle East. Administering an annual buying budget of USD 8million and ensuring full compliance to the same. Grow category sales; maximize margin to ensure profit growth Maximize Online retail sales and achieve planned profit targets through stock control, cataloguing, pricing policy, merchandise promotions and content creation.  Working on Marketing and CVM activities involving the External brand and internal marketing team which includes Brand funded promotions specific to events. Expansion of existing and new private labels and their resulting product lines as Online Exclusive merchandise.  Work in tandem with planners, analyzing past sales figures and current trends to anticipate future product needs and devise a merchandise plan. Manage plans for stock levels, pre-empt and respond to changes in demand and supply and logistics-related challenges. Implementing various category management, fulfilment, and performance strategies as per envisaged growth goals.  Collaboration with relevant internal and external parties on activities to build brand awareness of new products, rejuvenate sales of slow-moving products and to drive sales for existing products. Perform regular competitor analysis, to generate new ideas, increase intelligence and to determine price points. Manage the entire acquisition process for new products; from sourcing, negotiating prices and terms of contract. Show less

Dubai

Handling the category of Homeware which includes Home Decor, Dining, Bathroom Accessories, Storage with an annual business value of 60 Million AED. Lifestyle has 150 stores with strong presence of Home Decor across Middle East. Achievements:▪ Developed a new sourcing mechanism to facilitate procurement through the local and international suppliers.▪ Determined cost reduction opportunities by leveraging volumes, optimizing the supplier base and reducing total cost of… Show more Handling the category of Homeware which includes Home Decor, Dining, Bathroom Accessories, Storage with an annual business value of 60 Million AED. Lifestyle has 150 stores with strong presence of Home Decor across Middle East. Achievements:▪ Developed a new sourcing mechanism to facilitate procurement through the local and international suppliers.▪ Determined cost reduction opportunities by leveraging volumes, optimizing the supplier base and reducing total cost of ownership▪ Achieved cost savings through projects including bidding and commercial negotiations.▪ Devised and implemented different sourcing strategies to ensure smooth procurement despite logistical interruptions especially during the COVID 19 pandemic.Key Responsibilities: Administering an annual buying budget of USD 10million and ensuring full compliance to the same. Attending trade fair/buying trips to keep abreast of the market trends and to introduce new products into our stores. Planning and selecting the entire range, quality and quantity as per the customer demand and the trends prevailing in the market. Implementing various category management, fulfilment and performance strategies as per envisaged growth goals.  Spearheading negotiations to deliver against business objectives and achieve sustainable relationships with strategic suppliers. Negotiating and implement supplier agreements/contracts by working with cross-functional stakeholders and suppliers to reach agreement.  Style wise allocation of the merchandise based on each territory’s sales performance and the budgets. Regular monitoring of the sales report to understand the performance of the items on floor and to reorder the goods sellers. Working on liquidating the slow-moving items by effective and timely price revisions and discounts. Show less

Dubai, United Arab Emirates

Gurgaon, India

 Develop seasonal assortment plans to maximize the development of brand, sales and profits for Category.  Work with Designer(s) and Technical Design to manage the timeline on all product development. Managing purchase order process from top to bottom, ensuring specified deadlines are met Executing pricing strategies in accordance with maximizing sales, margin, & inventory management  Working with the marketing team on collaboration with brands and individuals for… Show more  Develop seasonal assortment plans to maximize the development of brand, sales and profits for Category.  Work with Designer(s) and Technical Design to manage the timeline on all product development. Managing purchase order process from top to bottom, ensuring specified deadlines are met Executing pricing strategies in accordance with maximizing sales, margin, & inventory management  Working with the marketing team on collaboration with brands and individuals for endorsement and sponsorships. Managing all short lead time programs like IPL (4 teams)- Team kits/ Fan replica jerseys/ Retail Merchandise.  Manage the bi-monthly forecasting of sales and inventories through the OTB review process Show less

Noida Area, India

Planned and developed merchandising strategies that balanced customers’ expectations and the company’s objectives. Analyzed sales figures, customers reactions and market trends to anticipate product needs and plan product ranges/stock as needed.

Bachelor Of Science (B.S.), Fashion Merchandising

Activities and Societies: Modelling

12Th Standard