L brands

Merchandise Planner, Beauty

L brands • $80K — $120K *
New York, NY 10025In-Person
Retail & Consumer Goods
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 5-7 years of relevant work experience in retail
  • Experience in Beauty retail and/or assortment planning preferred
  • Strong analytical skills with retail math proficiency
  • Advanced computer literacy with experience in planning and analytical systems
  • Proficient in Excel for dynamic reporting
  • Ability to synthesize data for informed decision-making
  • Excellent communication skills for collaboration across teams
  • Flexible and positive attitude in a fast-paced environment

Responsibilities

  • Develop assortment plans for sales and inventory aligned with productivity targets
  • Collaborate with merchants on seasonal theme-based assortments
  • Identify pricing structures to achieve sales goals
  • Analyze current trends to adjust in-season sales strategies
  • Manage inventory levels actively as needed
  • Develop promotional strategies based on business trends
  • Conduct performance analysis relative to sales and inventory targets

Benefits

  • Comprehensive benefits package
  • Opportunities for professional development
  • Flexible work arrangements
  • Employee discounts on merchandise
  • Health and wellness programs
Full Job Description
Your Role:

The Merchandise Planner supports the domestic (stores and digital) Beauty business. This role will be focused on a specific category of business and is responsible for translating the merchant's vision into viable profitable results through developing and maintaining sales, inventory and margin plans that tie to financial targets.

Your Impact:

Pre-Season

  • Develop assortment plans for sales, margin and inventory to the style/choice level by store groupings (i.e. cluster, format) in support of productivity and financial targets
  • Partner with merchants to create and maintain a seasonal theme-based assortment list and volume targets by store grouping
  • Identify and propose initial and promotional pricing structures to drive topline season goals
  • Participate in consensus planning with demand planner; collaborate to drive to "one number" sales plan with recommendations for events, based on class plan and forecast


In-Season

  • Analyze and reflect current trends in strategy performance based on actual sales performance; revise in-season plans for sales and profitability while maintaining appropriate inventory turns
  • Actively manage inventory levels, partnering with production and inventory deployment partners to pull up, push out, cancel, or shift orders between sales channels as necessary
  • Partner with merchant to develop and propose promotion and merchandise strategies in response to current business trends
  • Manage and execute promotional and liquidation strategies to meet seasonal inventory targets


Reporting/Analytics

  • Analyze performance for area of responsibility relative to performance of plan and trend for both period and season sales, margin and inventory
  • Prepare recommendations and alternatives for key financial meetings/decisions in order to maximize sales and margin and optimize inventory productivity
  • Perform trade-off analysis on impact of new items to the assortment identified at a sub-brand level and provide financial planning recommendations


Integration Points

  • Partner with central planning to inform, reconcile and revise financial targets based on the category and attribute plans
  • Partner with Merchant, Finance, Customer Marketing, Executive Committee to make informed decisions on promotional events and season planning
  • Partner with Merchants, Commercialization and Customer Marketing on exit strategies, new item launches and collections; provide recommendations in response to financial targets
  • Work with demand planning to improve reliability through demand plan accuracy
  • Integrate with Space Planning to represent the opportunities and constraints that the physical environment creates at store level, monitor results from tests, launches and edits


Click here for benefit details related to this position.

Your Experience:

  • Bachelor's degree
  • 5-7 years of relevant work experience
  • Vertical Beauty retail experience and/or assortment/attribute planning experience a plus
  • Strong problem-solving and analytical skills; strong aptitude with numbers; retail math skills
  • Ability to advance to high levels of computer literacy; exposure to relevant planning, finance, analytical, data management systems - systems used: JDA Enterprise Software's Enterprise Planning suite
  • Strong excel skills; ability to read, adopt and build dynamic reporting
  • Able to synthesize large quantities of data to drive business decisions
  • Possesses strong business acumen and ability to make sound business decisions when information is limited
  • High energy, staying flexible and positive during fast paced/ ever changing environment
  • High degree of communication and partnership; ability to manage up and across
  • Optimization mindset - designs and develops models/plans to optimize decisions & processes

About L brands

Bath & Body Works, Inc. is an American specialty retailer based in Columbus, Ohio. It owns Bath & Body Works, posted $11.9 billion in revenue in 2021, and was listed as 248 on the 2020 Fortune 500 list of largest United States companies by revenue. In February 2020, L Brands announced the planned sale of its Victoria's Secret division to Sycamore Partners, a private equity firm. Under the agreement, Sycamore Partners would gain a 55% controlling stake in Victoria's Secret while L Brands would keep a 45% stake, leaving Bath & Body Works to become L Brand's sole business. The sale fell through in May 2020, although Wexner did step down as CEO as planned, replaced by Andrew Meslow. In March 2021, L Brands announced it would spin off Victoria’s Secret as a stand-alone publicly traded company, and then change its name to Bath & Body Works, Inc.
Learn more about L brands
Size
2,800 employees
Market Cap
$22.2 billion
Industry
Retail & Consumer Goods
Net Income
$845.3 million
Founded
1963
5 Year Trend
-0.5%
Revenue
$11.8 billion
NASDAQ
LB
* Ladders Estimates

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