RESPONSIBILITIESMerchandise 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
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