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Merchandise Planner

1 month ago

New York, New York, United States FRENCH CONNECTION GROUP INC Full time
Job Title: Merchandise Planner

Job Summary:

The Merchandise Planner plays a crucial role in driving top-line sales and profitability for our company by planning, forecasting, and managing the assortment and inventory levels of our wholesale product offerings.

This role requires a strong analytical mindset, excellent communication skills, and the ability to build close partnerships with other functions.

Key Responsibilities:
  • Develop accurate demand forecasts for wholesale products based on historical sales data, market trends, and customer insights.
  • Create and manage product assortments that align with market demand, customer preferences, and company objectives.
  • Optimize inventory levels to balance stockouts and excess inventory, while minimizing costs.
  • Analyze sales data to identify trends, opportunities, and areas for improvement.
  • Prepare and present regular reports on sales performance, inventory levels, and demand forecasts.
  • Develop financial plans for multiple accounts, including sales, gross margin, and inventory targets.
  • Conduct weekly OTB re-forecasting to reflect trends, company direction, and address risks and opportunities.
  • Proactively identify issues and opportunities within product mix and use analytics to drive profitable solutions.
  • Develop and execute markdown and liquidation strategies to maximize store profitability.
  • Collaborate with the sales team to develop a comprehensive pre-season strategy that aligns financial and product opportunities across multiple departments.
  • Participate in the line building process and ensure alignment of style/color plans with merchandising strategies and financial targets.
  • Drive profitability through leading and executing promotional and markdown strategies.
  • Analyze the business weekly to identify trends and selling performance.
  • Cross-functional collaboration with other account managers, design, marketing, and sales teams to drive consistency and best practices.
  • Develop strategies to optimize gross margins by balancing product costs and pricing.
  • Provide regular retail performance reports related to sales, margin, inventory, and market trends.
  • Develop plans driving the Annual Financial Plan targets, including reporting tools and standardized processes.
  • Coordinate with design, marketing, and sales teams for smooth product launches and promotions.
  • Analyze profit reports from retail partners to identify areas for improvement and challenge them to enhance profitability.
Qualifications:
  • Bachelor's degree in business administration.
  • Minimum 3-4 years of experience in retail planning, forecasting, inventory management, including knowledge of buying and allocation.
  • Strong analytical and storytelling skills.
  • Ability to build close partnerships with other functions.
  • Focus on executing best-in-class customer experience while delivering/exceeding financial targets.
  • Experience in pro-actively managing the business to maximize sales, margin, and inventory across all customer channels (direct consumer business).
  • Accountability for departmental success.
  • Proficiency in Microsoft Excel and Power Point.
  • Excellent communication and interpersonal skills.
  • Ability to work independently and as part of a team.
Preferred Qualifications:
  • Experience in Multiband Retail/Department Stores.
  • Experience with Skypad and/or 42Tech.