5+ years of experience in retail or wholesale, including planning roles
Bachelor's Degree
Strong understanding of retail math, margin planning, and inventory productivity
Excellent communication skills for presenting complex data
Proven ability to align cross-functional teams and drive execution
Detail-oriented with strong organizational skills
Advanced proficiency in Excel, Word, and PowerPoint, with knowledge of PowerBI and Oracle RMS as a plus
Responsibilities
Leverage financial targets to create seasonal sales and inventory plans
Determine style-color targets for product selection
Manage SKU and location-intensive assortments
Develop sales forecasts and inventory levels based on various factors
Oversee a $50-150M open-to-buy budget to align with sales and margin goals
Monitor inventory levels to minimize stockouts and overstocks
Analyze sales performance to recommend pricing adjustments and optimize profitability
Benefits
Comprehensive health coverage
Financial wellness support
Personal wellness programs
Opportunities for career development
Training and mentorship for growth
Flexible work environment
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+ 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! benefits.fivebelow.com/public/welcome
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.
