This position is primarily responsible for managing the planning, execution and measurement of seasonal assortment plans in order to achieve specific financial and productivity metrics. Provide key data and analytics of performance within product categories across the business and helps drive successful growth and profitability.
RESPONSIBILITIES:
Inventory Management
- Partner with the VP, Merchandising, Planning & Allocation to establish product plans for each season with sku, Value and unit department targets based on contribution by product category
- Ensure inventory plans tie to merchandise plans & company budget; identify business opportunities (e.g. by style and price point)
- Maintain monthly OTB process with inventory investments to maximize productivity including initial buy, liquidation, re-orders, and allocation strategies for specific product categories.
- Oversee inventory at total level for all channels (LFS, MBO ,EBO & E-commerce) & store capacities
- Monitor performance versus plan and LY
- Support Hindsight,
Buy Reviews and Business Reviews with standard and Ad-Hoc analysis.
- Present action points to senior management and gain consensus on business approaches
- Experienced in new store openings, inventory chase & inventory projections
Reporting & Analysis:
- Monitor and controls markdown cadence and aged-inventory levels in order to maximize profitability while achieving necessary sell-thrus
- Collect and analyze weekly, monthly and seasonal retail sales data to identify risks/opportunities with in the business.
- Work with business analysist to maximize Weekly, Monthly, Quarterly planning reports on KPIs.
Allocation:
- Work with merchants & allocators to devise a transparent allocation strategy based on region specific needs.
- Manage/support/develop the merchandise allocators.
- Partner closely with logistics & warehouse teams to ensure timely delivery of product to stores Process
- Create a merchandising road map for the season based on financial