Assistant Buyer

Assistant Buyer

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 20,000 associates who work at Five Below and they'll tell you there's no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It's all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Key Responsibilities:

• Assist the Buyer with running reports and analysis for the Buying team to support decision-making.
• Suggest newness and category extensions to refresh the assortment and drive growth.
• Help with sample management, ensuring design comments are relayed to vendors and that all final samples are available for ads, floorsets, and styleouts.
• Responsible for accurate and timely set up of new items and maintenance of accurate item attributes.
• Collaborating closely with the department's buying team to accurately create, review, and place purchase orders (POs), ensuring all details align with product specifications, vendor agreements, and delivery timelines.
• Contribute to product development by helping with the creation of product briefs, executing competitive shop recaps, and ensuring quality matches ordered products.
• Monitor market trends through comp shopping, social media, trade shows, and vendor appointments.
• Support the Buyer in negotiating favorable terms and conditions with vendors.
• Collaborate with cross-functional teams (supply chain, merchandising operations, planning) to ensure timely approval of items and POs. Partner to resolve any issues with vendors, DC teams, or other stakeholders.
• Use BI Reporting to analyze sales data, run ladder plans, and generate reports to support business insights.
• Coordinate and facilitate the process of MOS, markdowns, RTVs, attribute creation, deal pricing, marketing project requests, and chargebacks.
• Maintain open communication with vendors and cross-functional teams to resolve issues such as overages, shortages, UPC discrepancies, and import delays.

Qualifications:

• Bachelor's degree required.
• Experience as an Assistant Buyer or in a similar retail role a plus
• Knowledge of product development, planning, and both domestic and overseas manufacturing.
• Strong organizational skills and attention to detail.
• Proficiency in MS Office Suite and familiarity with BI Reporting tools.
• Excellent communication skills, both written and verbal.
• Must be able to handle multiple projects and contribute effectively to team efforts.
• Negotiation skills and vendor relationship management a plus
• Must be willing to travel as needed.
• Ability to embrace 5 core company values
• Demonstrate ability to excel in a fast-paced environment while adopting a mentality of "let go & have fun"
• Must be Philadelphia-based or willing to relocate to the Philadelphia area