Summary:
Support the creation and management the merchandise assortment for Concept stores identifying opportunities for revenue and profitability improvements.
Buying and Merchandising, Pre-Season:
Support development of the Sales, Receipt and GM targets by working with the Merchandise Manager and Director of Merchandising for the upcoming season taking into account sales history and trend for the North America Concept stores.
Assist in creation of monthly flows for sales and inventory to deliver revenue, gross margin and inventory turn plan at the class level and Style/Color level using Oracle Retail tools.
Assist in creation of brand plans at the Division/Merchant/Buyer level.
Assist in creating the seasonal Marketing (Go-to-Market) Calendar.
Work in conjunction with Retail Marketing, Retail Visual Presentation and Allocation teams ensuring key item buys and product stories are being communicated.
Buying and Merchandising, In-Season:
Support execution of the open to ship on a weekly basis, assist in re-forecasting all retail elements predetermined by the corporate timeline and needs.
Provide insight from bottoms-up planning and support creation of at once execution plans based on sales analysis.
Review receipts by month based on plan and last rolling operating forecast.
Create and support presentation of weekly and monthly sales and inventory reporting including but not limited to reports at the pre-determined hierarchy level for daily/monthly demand/net sales, feature story, and key items.
Meet weekly with cross functional teams to review business results; provide team with financial information for the week at all levels; review the results based on current financial projections, plan, and last year information.
Make recommendations for future buys and/or cancellations of on-order, as well as replenishments in season.
Make recommendations for the clearance of slow sellers to maintain turn targets.
Assist in creation and analyze of quarterly hindsight data; make recommendations to assortment based on results.
Ensures that reports are timely and accurate.
Primary Responsibilities/Accountabilities of the Job:
Understand financial metrics to analyze businesses & can make recommendations on how to drive the business based on sales, history & market trends
Assist in merchandise selection process, placement of orders and help ensure proper quantity is purchased by style/color/size for division.
Support partnership with the Brand, Demand Planning, Merchandise Planning and Allocation teams to analyze the weekly business. Assist in creation of recommendations on future buys to grow business.
Analyze last year information as well as current market to support strategy development. Identify how current trend will impact future results and support adjustments regularly.
Develop relationships and collaboratively work with Planning, Allocation, Marketing and Visual Presentation teams on the day-to-day details of the business
Support in competitive shopping at competing stores and websites to monitor fashion trends, pricing strategies and presentation techniques. Report industry information to team.
Participate in ad hoc reporting when required.
Ensure companies core values are exhibited and incorporated into the daily routines.
*LI-DC
Education/Experience:
Bachelor’s degree
One to three year’s work experience in retail merchandising
Required Qualifications:
Proficient in Microsoft Applications
Ability to effectively prepare and present information and respond to questions from management, clients, and other employees of the organization.
Knowledgeable in current trends
Innovative with people & processes
Highly motivated, a team player and motivated self-starter
Experience working effectively in complex global organizations, satisfying the needs of diverse constituents, and often working under the pressure of competing and sometimes conflicting priorities
Excellent verbal and written communication skills and problem solving abilities
Excellent team-building, project management and organizational skills
Ability to multi-task in a fast paced environment
Exceptional attention to detail