Job Description

VGL


Jaipur


khushboo.rathore@vaibhavglobal.com


Posted : 1 day ago


Vaibhav Global Ltd (VGL) Company Overview:



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.


Shopping Experience:



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.


Financials and Workforce:



VGL reported a group turnover of approximately Rs. 3,041 Crore (FY 2023-2024) and employs over 3800 people globally. The company's head office and main manufacturing facility are in Jaipur, India, employing around 3000 people, including contract workers.


Acquisitions:


• 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, a VGL subsidiary, was established in Austin, TX in 2007 and now broadcasts live to 75 million homes in the US. The growing e-commerce presence is supported by the website Shop LC. Shop LC ships approximately 25,000 products daily to US customers and employs around 550 people in various operational roles. The US is VGL's largest market, contributing 68% to consolidated revenue.


TJC Overview:



TJC, another VGL subsidiary, was established in London, UK in 2006 and broadcasts live to 25 million homes in the UK. The company's e-commerce presence is supported by the website TJC. TJC ships approximately 12,000 products daily to UK customers and employs around 220 people in London, with extended teams in India.


Shop LC Germany Overview:



Launched in 2021 from Dusseldorf, Germany, Shop LC Germany TV & e-commerce is a new market with significant growth potential. The business currently reaches 27 million households and is expanding. The e-commerce site can be accessed at Shop LC Germany.


Our Purpose:



Delivering joy.


Our Vision:



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


Our Mission:



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:


• Teamwork
• Honesty
• Commitment
• Passion
• Positive Attitude


Job Profile:



We are looking for a dynamic and detail-oriented Product Creator to join our Product Innovation team. The role focuses on managing product development processes, ensuring market alignment, and collaborating closely with key teams to bring innovative and trend-driven products to market.


Key Responsibilities:


• Creation and launch of high value product innovation across categories.
• Collaborate with the Product Development and Buyers to manage the entire lifecycle of new products.
• Conduct market research and analyze trends to identify opportunities for new products, category expansion and enhancement.
• Work with cross-functional teams, including Merchandising, Sales, and Marketing, to ensure product alignment with market demand and strategy.
• Coordinate with suppliers and manufacturers to ensure product quality, pricing, and timely delivery.
• Stay current with lifestyle trends and bestsellers to anticipate consumer needs and product opportunities.
• Track product performance and manage inventory, offering insights for future product iterations.
• Assist in the development of content, story and presentation plans for product launches.


Passion Requirements:


• Strong research and analytical skills to identify market opportunities and gaps.
• Attention to detail and a passion for lifestyle product trends.
• A proactive approach to problem-solving and continuous improvement.
• Strong team collaboration skills with a commitment to company values.
• Ability to balance creativity with operational execution to ensure product success.
• Desired Skills and Experience:
• Proven experience in merchandising or product development in lifestyle category.
• Ability to conduct market analysis, manage product pipelines, and optimize inventory.
• Good presentation skills and experience working with cross-functional teams.
• Minimum of 2 years in a similar role within retail, merchandising, or product development.
• Familiarity with Design Thinking, TRIZ, or Systematic Inventive Thinking.
• Experience with supply chain management and vendor coordination.
• Familiarity with retail merchandising tools and software.





### Job Overview


• ### Compensation


? 5 LPA - 7 LPA Yearly
• ### Level


Mid
• ### Location


Jaipur
• ### Experience


2+ Years
• ### Qualification


Any Relatable Course
• ### Work Mode:


Onsite
• ### Job Type:


Fulltime