Key Responsibilities:
Product Planning & Strategy
- Develop and implement merchandising strategies to achieve sales and profitability targets.
- Collaborate with buyers to plan product ranges and assortment mix.
- Conduct market research and analyze sales data to forecast product demand.
Inventory Management
- Monitor stock levels and ensure timely replenishment.
- Implement inventory control measures to avoid stock-outs or overstocking.
- Coordinate with suppliers and logistics teams for smooth supply chain operations.
Sales & Promotions
- Plan and execute promotional activities, markdowns, and seasonal campaigns.
- Work closely with the marketing team for promotional materials.
- Analyze promotion performance and suggest improvements.
Visual Merchandising
- Develop and maintain attractive product displays.
- Ensure products are well-presented and easily accessible.
- Update displays as per new arrivals, seasonal changes, and promotions.
Vendor & Supplier Management
- Build and maintain solid supplier relationships.
- Negotiate pricing, delivery schedules, and commercial terms.
- Resolve supply chain or product-related issues efficiently.
Performance Analysis
- Track KPIs such as sales, margins, and inventory turnover.
- Prepare reports on sales trends and business opportunities.
- Use data-driven insights to optimize product assortment and sales performance.
Customer Insights
- Gather and analyze customer feedback and buying behavior.
- Use insights to improve product selection and shopping experience.