Avp -Buying & Merchandising
New Delhi, Delhi, India
• Leading buying & merchandising function for Ethos Watch Boutiques for 26+ luxury brands like Omega, Rado, Longines, Tissot, Bvlgari, Breitling, IWC, Panerai, JLC, Hublot, Tag Heuer, Seiko & more.• Heading negotiations for purchase, trade margins, purchase based incentives & credit terms with top luxury watch groups like Swatch Group India, Richemont India, LVMH, Breitling, Seiko, Casio, Fossil Group & more.• Led purchase of luxury watches & accessories of over INR 250 crores ($35 million) per annum from 26+ brands - largest buyer in India.• Managed ordering & replenishment of stock at 50+ retail stores across India.• Ensured ordering effectiveness & merchandizing effectiveness by defining core/ super core collections for Luxury, Premium & Fashion categories and optimizing the ordering process.• Increased inventory turnover of Core brands portfolio (Luxury, Premium and Fashion) by 24%.• Increased profitability of luxury category (core brands) by 30% by implementing discount control measures org. wide.• Reduced the SMS across core brands by 15% by implementing focused liquidation strategy.• Leading the visual merchandising function for portfolio brands & ensuring brand presentation as per norms.• Led space on hire initiatives to raise visual rental amounts to the tune of INR 2.0 cr per annum.• Raised annual marketing contribution from luxury brands amounting to INR 2.7 cr per annum.• Networking with the watch brand executives to understand market trends & finalize annual region wise, store wise Purchase & Sales targets.• Negotiated with brands to secure exclusive timepieces for Ethos, making Ethos preferred shopping destination for watch enthusiasts in India.• Established exclusive stock for e-commerce channel, exclusive brand boutiques & multi brand outlets to prevent cannibalisation and internal competition.• Working closely with E-com, Retail, Operations, Finance, Press & Marketing team to ensure delivery of the annual budget & strategic objectives.