Five Below

Sr. Merchandise Planner

Five Below • $80K — $95K *
Philadelphia, PA 19106Hybrid
Retail & Consumer Goods
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of retail or wholesale experience with a focus on planning.
  • Bachelor’s Degree required.
  • Strong skills in retail math and business principles including margin and inventory management.
  • Excellent communication skills for presenting complex data clearly.
  • Ability to lead cross-functional teams and drive business cases to completion.
  • Attention to detail with strong time management and organizational skills.
  • Experience managing multiple priorities in a dynamic environment.
  • Advanced Excel, Word, and PowerPoint skills; familiarity with PowerBI and Oracle RMS is a plus.

Responsibilities

  • Leverage financial targets to create seasonal plans for sales and inventory by department.
  • Set targets for product selection based on style-color-depth by store group.
  • Manage SKU-intensive categories and location-specific assortments.
  • Forecast sales and estimate buy quantities to optimize inventory levels.
  • Oversee an open-to-buy budget ranging from $50M to $150M for inventory management.
  • Control markdown budgets and identify pricing opportunities to enhance profitability.
  • Analyze sales performance to assess merchandising strategies and provide insights for improvement.
  • Align teams on inventory strategies and facilitate discussions on planning strategies.

Benefits

  • Comprehensive health coverage.
  • Support for financial and personal wellness.
  • Opportunities for career development and training.
  • Access to programs promoting work-life balance.
Full Job Description
RESPONSIBILITIES Merchandise Financial Planning:
  • Leverage corporate financial targets to develop seasonal sales, inventory, and margin plans by Department-Classification and store groups
Assortment Planning:
  • Determine style-color and depth targets by attribute and store group for each area of business to support product selection in market
  • Manage SKU & style intensive category
  • Manage location intensive assortments
Demand Planning:
  • Develop sales forecasts and buy quantity estimates to determine the appropriate inventory levels for each product considering factors such as lead times, seasonality, and turn targets to optimize inventory investment
Open-to-Buy Management:
  • Manage the open-to-buy (OTB) budget for a category of business, $50-150M, to ensure inventory investment funds sales and margin plans, adjusting as necessary
Inventory Management:
  • Manage inventory levels and receipts to ensure optimal stock vs. sales levels, monitoring in season to minimize stockouts and overstocks
Markdown and End-of-life Management:
  • Manage markdown and MOS budgets to balance inventory ownership and margin objectives
  • Collaborate with key partners to identify pricing and liquidation opportunities to manage the transition of products
  • Analyze sales performance and make recommendations for pricing adjustments, promotions, and markdowns to optimize profitability
Performance Analysis:
  • Analyze sales, inventory, and margin performance to assess the effectiveness of merchandising strategies and identify areas for improvement, providing insights and recommendations to Buyers for optimizing assortment and inventory levels
  • Leverage weekly business insights to understand item level performance to maximize in season opportunities, minimize liability, and inform future seasons
  • Generate regular reports and analysis to provide insights into sales, inventory, and profitability metrics to senior management
  • Test multiple business strategies simultaneously, quantifying & communicating business impacts and be able to report results clearly and concisely to Executive management
Leadership:
  • Create and maintain alignment among peers on merchandising and allocation teams on forecast changes and inventory strategies
  • Participate in regular meetings and strategic discussions to provide input on merchandise planning strategies
  • Grow and develop Associate Planner, providing appropriate opportunities for training, career development, and talent retention
QUALIFICATIONS
  • 5-7 years of experience in a retail or wholesale environment, including time spent as a planner
  • Bachelor’s Degree
  • Demonstrated retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures
  • Excellent verbal and written communication skills, including ability to present complex information in a clear and compelling manner
  • Peer leader capable of creating alignment among cross-functional stakeholders by building strong business cases and driving execution
  • Attention to detail and strong time management, organizational, and interpersonal skills
  • Ability to manage multiple priorities in a fast-paced environment
  • Advanced proficiency in Excel, Word, and PowerPoint
  • Knowledge of PowerBI, Microstrategy, 09 MFP, and Oracle RMS a plus
Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today!

About Five Below

Five Below is a discount store chain that sells products that cost up to $5. The company was founded in 2002 by David Schlessinger and Tom Vellios. The company's target market is teenagers and pre-teens, but it also has products for adults. The company has over 1,000 stores in 38 states. The company's revenue has been steadily increasing over the years, and it has been expanding its store count. The company went public in 2012.
Learn more about Five Below
Size
6,100 employees
Market Cap
$9.6 billion
Industry
Retail & Consumer Goods
Net Income
$109.8 million
Founded
2002
5 Year Trend
+23.3%
Revenue
$1.7 billion
NASDAQ
FIVE
* Ladders Estimates

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