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Merchandise Planner
Talbots
Hingham, MA, United States
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The Merchandise Planner is responsible for building financial sales, gross margin and inventory plans for multiple departments both pre and in season. Identify risks and opportunities for mitigation to maximize profits. Provides analytics and support to the Merchandising organization.
Principal Accountabilities:
• Build preseason financial sales, gross margin and inventory plans at a weekly level by season which ties to the companies’ sales, margin and turnover goals. Monitor performance in season. Maintain the open to buy. Recommend strategies to stay on plan.
• Provide style color breadth and depth targets for each assortment to align key goals/metrics: unit sales, inventory, receipts, turn and margin expectations. Collaborate with Merchant and Inventory Analyst partners throughout the line build to ensure the assortment plan meets financial objectives.
• Create and manage Key item ladder plans both pre and in season including managing receipt flow.
• Prepare pre season promotional and markdown strategy through partnership with Merchandising and Marketing. Analyze impact and effectiveness in season and make recommendations for future promotions and markdowns. Execute markdowns.
• Recommend sharing and transfer of inventory between stores and direct to maximize inventory investment.
• Develop specific reports to support the business and complete ad hoc reporting as needed to drive or react to the current or future business needs.
• Visits stores and reports on observations.
• Analyzes merchandise performance at the department and item level including sales and stock to identify problems and opportunities.
Job Requirements
Education/Experience/Knowledge:
Bachelors Degree required and a minimum of 5-7 years of merchandise retailing experience, which includes knowledge of distribution and buying.
Analytic Skills: Ability to think objectively and interpret meaningful themes from quantitative and qualitative data. Ability to use logic to solve problems. Communication: Can present ideas and direction to others. Can build strong relationships with a diverse group of business partners. Demonstrate strong listening, written and oral communication skills.
Systems and Tools: Proficiency in Microsoft Excel required. Oracle Retail Planning preferred, JDA Arthur or SAS Planning a plus. Experience with or a strong ability to learn reporting/data warehousing tools preferred.
Possess strong organization and time management skills. Possess a strong sense of urgency and a high level of attention to detail. Must be organized, disciplined and able to work under pressure while being flexible and able to adapt.