job id: bra000ckydate
location: HQ Minneapolis downtown, Minneapolis, Minnesota
Join us as a Sr. Buyer Owned Brands / Essentials & Personal Care
The Sr. Buyer Owned Brands works closely with Category Buyers, Product Design & Development, Marketing / Creative, Guest Center of Excellence, Promo & Pricing Center of Excellence, Target Sourcing Services and Product Quality & Safety teams to design, develop and manage a portfolio of existing and new Owned Brands.
Use your skills, experience, and talents to be a part of a groundbreaking, enterprise team that is modernizing Target’s approach to Owned Brand development and management in order to deepen the guests’ preference for Target. As a Sr Buyer Owned Brands, you will:
Lead the development of Brand Business Strategies:
On behalf of the Owned Brand CFT, lead the team in developing brand-specific business strategies which will determine a brand’s: pricing/value structure, promotional plan, shelf positioning, channel distribution decisions, volume sourcing, and financial implications.
Lead the development of category-specific Portfolio Architectures:
Partner with Category Buyers to apply the Essentials & Beauty Owned Brand portfolio and brand principles to specific categories. Make recommendations as to the role each brand should play in the category and the items needed to meet both the brand and category objectives.
Lead the Development of category-specific Assortment Architecture & Line Plans:
In partnership with Category Buyers, Product Design and Development, Target Sourcing Services and Pricing and Promotions Centers of Excellence, lead the development of detailed line plans by category which recommended product formulation, unit size, retail price point, packaging design, channels of distribution, etc.
Lead and Support the development of new Tools & Processes:
Target’s approach to Owned Brand development and management is transforming. The Sr. Buyer, Owned Brands will be accountable to develop and continuously refine enterprise tools and processes that improve efficiencies and outcomes.
Support Landscape Analysis:
In partnership with the Guest Center of Excellence and Product Design & Development perform guest and competitive insights gathering. Help identify macro trends and white space opportunities. Using consumer segmentation, assist Category Buyers in brand mapping as part of their assortment planning.
Lead the identification of Growth Opportunities:
Lead the CFT in sizing, feasibility and scenario planning analysis as part of Portfolio Strategy development.
- Support the long-term management and health of the brands:
- Analyze brand performance. Partner with Merchandising Finance to develop Brand level P&Ls and continuously look for opportunities to improve and grow the Owned Brand portfolio.
Utilizes standard office systems to execute critical tasks, analyze business, and communicate with CFT. Select Target-specific tools and systems are also trained and utilized.
Education Expectations: 4-year degree or equivalent
Job-Related Experience: A minimum of 4 years’ experience
Specific Experience: College graduate. Excellent communication and collaboration skills. Strong leadership skills. Strong analytical and problem-solving skills. Outstanding planning, organizational skills. Strategic, entrepreneurial and creative. Is able to influence laterally (CFT peers) and upwardly (Sr. Directors, VPs, SVPS) and not afraid of conflict. Able to adapt quickly to change and embrace constant ambiguity. Is a self-starter and can thrive on a team where role clarity will continue to evolve as enterprise capabilities mature.
Travel Required: Occasionally: less than 20% of the time
Four to ten years previous buying, brand management, sourcing, or product development experience. Strong passion for trend and product