Job Specifications
About THG
We are THG, a global ecommerce group on a mission to be the global online leader in beauty and sports nutrition.
Our portfolio of leading retailers and brands such as LOOKFANTASTIC, Myprotein, ESPA, Perricone MD, and Cult Beauty form our two core businesses: THG Beauty and THG Nutrition.
From Manchester to New York, we’re powered by a team of over 2500 people who work together, lead by example, and think BIG.
With us, you’ll go further, faster. What are you waiting for?
Life at THG Beauty
We know that beauty isn’t one-size-fits-all. Our portfolio of leading retailers and iconic beauty brands caters to everyone, everywhere, empowering customers all over the world to look and feel fantastic.
By combining our portfolio of owned brands with a marketplace for over 1,300 third-party beauty brands through online retail sites LOOKFANTASTIC, Cult Beauty, and Dermstore, THG Beauty's ambition is to be the global digital partner of choice across the beauty industry, supporting the channel shift to online.
THG Beauty’s breadth of relationships is unique to the beauty market; it engages with brands as a retailer, a brand owner, and a product developer and manufacturer, making it the industry’s digital strategic leader.
Why be a Junior Buyer at Cult Beauty?
A dynamic opportunity to be part of a commercially driven, strategic team who shape our offering at Cult Beauty. The Junior Buyer is responsible for partenring with the wider buying team to strategically build, manage and report on the performance of brand and product offering for Cult Beauty in line with business KPI’s and vision.
As Junior Buyer, you’ll:
Collaborate with Buyer & Senior Buyer to plan, build and execute a strategy for sustainable growth and development of their category.
Regularly review and rationalise brands within category as well as conducting regular reviews of ranges within their brands.
Develop brand relationships in line with company values to build a best in market joint business plan and achieve business benefits including market leading promotions, first to market launches, exclusives and investment into promotional & marketing support to maximise performance.
Be responsible for leading supplier negotiations to maximise margin/profit.
Be responsible for building, managing and delivering their brand budgets, providing a clear and structured rationale for how each budget is to be achieved given the agreed upon JBP and marketing exposure.
Work in close alignment with the site managers & marketing teams across the division to ensure brands are well represented on site.
Form & nurture strategic brand relationships building strength in relationships with key brand partners to leverage investment opportunities, terms discussions and their global networks.
Continuously monitor and review of category performance to analyse sales patterns, advises teams and ensures appropriate action is taken to unforeseen sales reactions.
Arrange(6 months in advance) strategy meetings with brands, devising clear agendas, objectives and working cross functionally beforehand to gather relevant information to prepare a presentation that crafts a meaningful story for each brand meeting and enables a best in class JBP.
Monitor satisfaction with all brand partners to ensure best in class delivery.
Take responsibility for demand planning by brand alongside merch team to ensure every brand always has the stock needed to maximise budget performance.
Manage the selection of a market leading product range, using customer insights and feedback to maximise new product opportunities and range visibility, to create an unparalleled customer experience and maximise sales and profit to achieve KPI’s.
Manage and accountable for their brand P and L with a clear understanding/ownership of stock in trade, open to buy, aged and overstocks, territory participation, promotional funding, retro agreements and trading margin.
What skills and experience do I need for this role?
Experience working in a Senior Assistant Buyer or Junior Buyer capacity
Prioritise, structure work & effectively manage time
Financial and analytical ability – ability to budget and review performance
Excellent communicator – able to give clarity and set direction
Commercial awareness of the beauty industry inclusive of key competitors
Ability to form good working relationships with internal teams and external clients
Critical thinker and problem-solving skills
Project management skills
Negotiation skills
What’s in it for me?
Career Development
Access bespoke development programmes that have been designed and developed by our in-house L&D team.
Continued development through our upskilling programme that is delivered in partnership with an industry-leading training provider.
Enhanced Leave
25 days annual leave plus bank holidays.
Don’t want to work on your birthday? We don’t either! Enjoy your day off on us!
Enhanced maternity and paternity pay, depending on length
About the Company
THG PLC is a global e-commerce group headquartered in Manchester, UK, operating through two leading consumer businesses: THG Beauty and THG Nutrition. THG Beauty operates prominent online platforms including Lookfantastic, Dermstore and Cult Beauty, offering a valued route to market for over 1,300 third-party brands, alongside a specialist portfolio of owned brands. THG Nutrition, led by Myprotein, the world’s largest online sports nutrition brand, spans multiple health and wellness categories, delivering its products both d...
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