To maximize sales by developing sound merchandise plans that support Company goals for sales, turn and margin. Ensure the financial success of one or more departments by meeting or exceeding sales, gross margin, and inventory turn goals. Analyze and revise the merchandise planning strategy based on current trend or actual performance on a monthly basis
Formulate guidelines for style and customer choices (style OTB) based on business analysis
Monitor and evaluate sales of current styles on a weekly basis, partnering with the buyer and the Senior Planner / Planning Manager to effectively manage receipts and inventory
Manage inventory levels needed to support the rate of sale taking into account sell-through percent, WOS, and planned product life span
Develop markdown strategy for a merchandise area based on sell-through percent and planned product life span. This includes both redlines and promotional strategies
Develop style-level plans based on current forecast, historic trend and test information for key items or attributes
Conduct color-level planning based on the inventory need to support rate of sale, store presentation, targeted sell-through percent, and the current risk parameters and historical trends (long range goal)
Work in synergy with Buyer and Allocation Analyst toward common goals for the merchandise area. Look to Senior Planner / Planning Manager for guidance on all areas of responsibility.
Expert command of retail math concepts and applications
Strong statistical analysis skills
Strong communication skills
Excellent organizational, prioritizing and problem-solving skills
Ability to work well within a team environment
Technical skill proficiency with Microsoft Word and Excel
Must have at least 4 years of Merchandise Planning experience.
Bachelor s Degree in Fashion, Business, or a related field.