Jewellery Merchandiser

Listed in 1996-97 on Indian stock exchanges, Vaibhav Global Ltd (VGL) is an end-to-end electronic deep discount retailer of fashion jewelry, gemstones, and lifestyle products, operating in the US, UK, Germany, and Canada.

Today's customers seek convenience, and VGL meets this demand through its proprietary 24/7 TV shopping channels (Shop LC in the US and Germany, and Shop TJC in the UK), as well as through various digital mediums including websites, mobile apps, OTT platforms, social media, and third-party marketplaces. VGL reaches almost 124 million households across the US, UK, and Germany. As digitization progresses and online retail continues to grow, VGL's portfolio and omni-channel strategy will evolve accordingly.

• Mindful Souls B. V. : In FY23-24, VGL acquired Mindful Souls B. V. , a Netherlands-based e-commerce company specializing in subscription-based online sales of fashion jewelry, gemstones, and lifestyle products. This acquisition is expected to leverage VGL's sourcing and manufacturing strengths while enhancing digital business capabilities.
• Ideal World: VGL, through its subsidiary Shop TJC Ltd (UK), acquired the assets of Ideal World, a well-known teleshopping and digital retail brand in the UK. This acquisition includes IP rights, broadcasting rights, studio equipment, and other intangible assets.

Environmental and Social Responsibility:

VGL is committed to sustainable business practices and renewable energy initiatives. The company's SEZ unit in India received the Excellence Award for IGBC Performance Challenge 2021 for Green Built Environment, reflecting its dedication to environmental sustainability. VGL's Your Purchase Feeds. . . initiative has provided 87 million meals to school children in India, the US, and the UK. The company encourages employees to donate at least two hours each month to charitable causes, tracked through its performance system. VGL is also a Great Place to Work (GPTW) certified organization.

Shop LC Overview: Shop LC Germany Overview:

Be the Value Leader in Electronic Retailing of Jewelry and Lifestyle Products.

To deliver one million meals per day to children in need by FY40 through our one-for-one meal program: your purchase feeds. . .

Our Core Values:

• Work closely with design, gemstone, and jewelry production teams to ensure cohesive and effective product launches and timely shipments.

• Identify unique, high-quality designs that align with customer preferences and offer them to buyers to secure orders.
• Should have a good knowledge of gemstone & Diamond pricing, Quality, and costing of Jewellery products.

• Develop and maintain relationships with buyers and customers to secure orders, increase business, and resolve complaints promptly
• Provide timely updates and reports & reply to queries from buyers promptly.
• Address quality or supply issues promptly to ensure smooth operations and continuous supply.

• Set and track sales targets, managing product pricing to achieve profitability goals.
• Analyse product performance data to identify opportunities to enhance revenue and maximize profit margins.

• Analyse global jewelry and gemstone trends to ensure the product range is aligned with market demand.
• Use data and trend forecasting to guide purchasing decisions and to plan for future collections.

• Use the existing diamond & gemstone inventory to create unique products and effectively use existing inventory.
• Collaborate with supply chain teams to ensure timely replenishment of fast-selling items.
  
  

• Regularly conduct market research to understand competitors' offerings, pricing, and promotions.
• Adapt merchandising strategies based on insights to stay competitive and relevant in the marketplace.

Customer Insights and Feedback Integration ( VOC ) :-

• Collect and analyze customer feedback to understand product reception and areas for improvement.
• Adjust sourcing and merchandising decisions based on insights to better meet customer expectations.

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