New York, New York
Title of Job: Merchandise Planner
Company Description: International Vertical Retailer
The Merchandise Planner is responsible for identifying sales trends and providing strategy and direction to ensure adequate inventory levels reach the appropriate channels of business in a timely manner. The Merchandise Planner is heavily focused on the assortment with a main responsibility to generate the assortment for a given area and create a seasonal buy plan by item by region.
The Merchandise Planner builds financial sales, gross margin and inventory plans for multiple departments in a given area. They will manage and plan merchandise inventory positions and markdown strategies to drive departmental sales, inventory, profit and sell thru objectives. The Merchandise Planner also provides in-season financial projections and strategies while identifying risks and opportunities to maximize profits. They are also responsible for providing the store allocators with the necessary guidance and direction to help them achieve their objectives.
- Build financial sales, gross margin and inventory plans at a weekly level on a seasonal basis
- Reforecast business in-season based on current performance, present revised projections and recommendations to cross functional partners and senior leadership
- Create allocation strategies, incorporating the merchandise plan and flow strategy to meet store inventory needs.
- Review, analyze and adjust allocation plans incorporating sales trends.
- Create and plan product assortments (item, color, size) for each product category
- Manage replenishment plans to ensure that sales are optimized and stores are without missing skus
- Place orders for both seasonal and replenishment product buys
- Bachelor’s Degree
- 2-4 years of experience in store planning or merchandising
- High level of experience and proficiency in Excel
- Proficiency in other Microsoft Office products- Word, PowerPoint, Outlook
- Excellent analytical and mathematical proficiency with strong business and financial acumen
- Ability to handle multiple projects effectively