Retail Analyst Job Description
Retail analyst
provides data analysis in support of Continuous Improvement, Six Sigma, and plant leadership teams through data mining, measuring, analyzing, and reporting.
Retail Analyst Duties & Responsibilities
To write an effective retail analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included retail analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Establish and produce management information and reporting on MAS Retail products, flows, revenues
Weekly monitor classification/style performance and adjust allocation strategy to maximize sales opportunities and minimize markdown liability
Trouble shoot and resolve allocation issues in a timely manner with Customer Service, DC and Retail System Analyst
Monitor density of exception stores, and develop allocation strategies in partnership with Allocation Manager and Merchant partners
Build appropriate assortments, inventory levels for new, remodel, and relocation stores to achieve opening plan
Participate in the establishment of replenishment metrics for Basic / Never Outs styles, and analyze results weekly and recommend needed adjustments
Review and evaluate performance of size selling and make recommendations to Manager of Allocation and Merchants.<br>8
Review and evaluate assortment planning tool with the merchant team to ensure merchant vision is in alignment with allocation needs
Review performance of seasonal products to identify opportunities and risk
Compiling daily, weekly, and monthly sales and inventory reports
Retail Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Retail Analyst
List any licenses or certifications required by the position: APICS, CPM, PMP, FRM, CFA, PMI, ITIL, CBAP, MBA, CPIM
Education for Retail Analyst
Typically a job would require a certain level of education.
Employers hiring for the retail analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Accounting, Education, Economics, Statistics, Marketing, Computer Science, Engineering, Business/Administration
Skills for Retail Analyst
Desired skills for retail analyst include:
Excel
Outlook
Word
Written and spoken English
Continuous Improvement and Six Sigma
Excel and its main features
G/L reporting and key process measures
Online selling process
PowerPoint and Access
Retail costing systems
Desired experience for retail analyst includes:
5+ years post baccalaureate IT Business Analyst, IT Systems Analysis, Business Consulting and/or Business SME in large scale project
Prefer IT Project experience - Full-life cycle IT development, and exposure to methodologies
Proven experience in allocation and replenishment processes Bachelor’s Degree (BA) or equivalent from four-year college or university
Advanced knowledge of data processing and general business principles in an office environment
Must be proactive and assertive in follow through long with strong analytical and problem solving skills
Bachelor’s degree in Business, Computer Science, Accounting, or related field -or- work experience equivalent to a degree
Retail Analyst Examples
1
Retail Analyst Job Description
Job Description Example
Our innovative and growing company is looking for a retail analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for retail analyst
- Maintain by account OTB and recommend necessary receipt flow / markdowns
- Prepare seasonal strategy presentations to senior management teams
- Weekly monitoring of EDI (replenishment) shipments versus total retail plan receipts, ensuring they are flowing to achieve sales plans, while also tracking markdowns and inventory position by account
- Working with our customer’s merchandising team to implement strategies that leverage category and consumer insights to maximize mutual sales growth and supporting those strategies through execution of tactical plans encompassing product assortment and pricing/promotion to optimize sales
- Collaborating with our customer’s replenishment team, where applicable, to manage their forecasting/ inventory/ordering strategy from a high-level plan down to individual system settings and orders to maximize sales and minimize mark-downs in our fashion sensitive, seasonal product offering
- Manage IT projects throughout the entire lifecycle, coordinating the efforts of vendors, internal team members, and other business units
- Perform business analysis activities by working with key business users in the continual improvement of business processes
- Represent the IT program team internally through stakeholder interviews and participation in cross-functional meetings
- Identify, escalate, and resolve issues critical to program success
- Assist the store planning process including P&L reporting for the full retail branch
Qualifications for retail analyst
- Minimum of three years experience in progressively responsible positions providing management support by analyzing business processes, team project participation, and providing advanced level of systems support and analysis
- Requires prior experience with Process Mapping and d emonstrated experience in project management ranging from small system implementations to major key system initiatives
- Post secondary degree in a numerate discipline is preferred
- Programming knowledge such as SAS/SQL is an asset
- Previous experience in Risk Management or in unsecured lending products
- Experience in supporting retail system like POS, traffic counter, BI reporting system and ERP...etc
2
Retail Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a retail analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for retail analyst
- Report on the impact of capital investment on store performance expectations
- Reporting and forecasting for sales
- Assist capital appraisal reports
- Preparation of investment appraisals and post investment analysis
- Exhibit an in-depth knowledge of managing multiple data sources and provide business insight based on analysis and communication of sales, inventory, productivity, service level reporting, sell-thru and other key financial metrics
- Collaborate with sales, merchandising, design, marketing and customer operations on business development strategies and their execution
- Assist management in identifying business-building opportunities, sales trends, micro and macro-marketing opportunities
- Manage Allocation of opening assortment replenishment to new stores, monitoring performance and taking appropriate actions to support their business
- Support the Retail Marketing Manager as part of the daily retail planning and submission process, including title performance analysis, review of placement initiatives, promotional and modular development, and competitive merchandising review for both physical and digital accounts
- Maintain account specific promotion execution and tactic information for review with Trade Marketing and Sr
Qualifications for retail analyst
- 2 years minimum experience in the procurement planning and analysis field
- Retail business experience is a plus
- BW and SAP
- Financial analyst in retail operational setting or distribution or multi-site experience required
- Strong communication, analytical, critical-thinking, and presentation skills
- 2 - 5 years of relevant experience, a related degree and a demonstrated interest in the financial services industry
3
Retail Analyst Job Description
Job Description Example
Our growing company is looking for a retail analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for retail analyst
- Develop sales and payroll plans by store in conjunction with monthly business re-estimates
- Communicate payroll discrepancies to field personnel and corporate management
- Collect and analyze information affecting average hourly rate
- Compile Sales bonus listing and eligible managers on a monthly basis
- Maintain bonus incentive files monthly/quarterly/yearly
- Act as a store advocate for pricing decisions
- Analyze Offline sales volume, size, and geographic location to ensure financial success of departments by meeting or exceeding sales and inventory turn goals
- Adequately stock stores with appropriate assortments to meet presentation objectives sales and inventory turn goals
- Aggressively learn and evaluate processes, tools, reports, and master data used by the retail teams
- Work cross-functionally to understand best practices, create actionable plans, and support technology strategies to solve retail reporting and master data needs
Qualifications for retail analyst
- Attention to detail, accuracy, and the ability to prioritize are essential
- Must have strong technical aptitude including the ability to learn company systems and tools, troubleshoot and own/manage complicated systems
- Must have a Bachelor’s degree in Finance, Economics, Statistics, Mathematics or a similar analytical discipline
- Must have 1-3 years of experience in an Analyst type role
- Demonstrated ability to work in a highly analytical environment and to make decisions based on quantifiable data
- Must have the ability to devise solutions and deliver results in a rapidly dynamic environment
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Retail Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of retail analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for retail analyst
- Utilize problem solving and technical skills to identify bugs and resolve them with the appropriate teams
- Drive simplicity to create sustainable business growth
- Maximize system investments by learning, exploring, and providing in-depth functional knowledge
- Partner with a cross-functional team including Merchandise Planners, Allocators, Merchants, Store Operations, Logistics/Distribution, IT, SAP, and other software vendors
- Working collaboratively with our 3rd party help desk to maintain and support store systems and infrastructure, ensuring all requirements are correctly documented and managed through to completion
- Ensuring SLAs with regard to help desk queries and store openings are delivered and where possible, improved upon
- Ensuring IT stock is always up-to-date and all orders are processed in a timely manner
- Managing software gold builds are managed via BTE and are accurately documented
- Organizes and load research data into the geospatial tool
- Implement and manage the HbI forecasting system to ensure it is maintained and utilized properly to support Activewear forecasting processes
Qualifications for retail analyst
- Must display confidence when communicating with Executives
- Must have strong interpersonal and communications skills, including the ability to establish, develop, and maintain key business relationships both within the team and across businesses
- Strong professional speaking abilities
- Fully committed to providing the highest possible standards of internal and external customer service and support
- Experience in the retail/apparel industry a plus
- Bachelor's in Finance, Accounting, Business or related field
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Retail Analyst Job Description
Job Description Example
Our company is looking to fill the role of retail analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for retail analyst
- Participate in preparation of schedules for auditors and tax department
- Actively participate in the origination efforts / business intelligence initiatives (preparation of company profiles, analysis of potential targets/acquirers/sellers, sector or market studies, press monitoring, investment ideas)
- Actively participate in the marketing of operations to clients and prospects (preparation of dedicated pitches, presentation for general meetings)
- Actively participate in the execution of mandates (working on valuation and financial modelling, drafting of information memorandums, assisting in due diligence processes)
- Contribute to the market statistics process, involving collection, verification and finalization of data for the New York City retail market
- Writing and edit all monthly and quarterly retail market summaries for New York
- Develop reports on key trends, issues affecting retailers, owners and developers of retail properties
- Maintain several databases including lease comparables, tenants in the market, building tenants, and pipeline of new retail developments
- Create economic reports on the local and regional economies, with respect to employment statistics, population growth and other metrics that affect the local economy and retail market
- Respond to all internal and external client requests for data and information on retail in the New York region
Qualifications for retail analyst
- Ability to work to tight and flexible deadlines
- Retail, Trade Marketing, or Sales experience preferred
- Professional demeanor and approach
- Ability to work in an independently to produce results
- Ability to multi-task on several projects at one time
- Bachelor’s degree in Business Management with MIS, IT, or Computer Science focus