Director of Merchandise Strategy

2 weeks ago


Eden Prairie, Minnesota, United States IV Media LLC Full time
Job Overview

IV Media LLC is seeking a seasoned Director of Merchandise Strategy to lead the development and execution of strategic merchandising plans for a specific product category. As a key member of the company's leadership team, this individual will be responsible for driving sales growth, increasing margin, and enhancing the company's brand.

Key Responsibilities

Merchandising and Product Development:

  • Develop and implement merchandising strategies to build sales and increase margin.
  • Lead a team of merchants to source and develop brand-name, exclusive branded products.
  • Build strong relationships with vendors and internal teams to drive sales plans, co-op programs, and promotions.
  • Evaluate vendors and products to increase sales and profitability.
  • Develop a strategy for a product division/category to develop exclusive products/product lines that complement and grow the current customer base.

Strategic Planning:

  • Create a brand positioning strategy for a product category that aligns with the company's strategic direction.
  • Work closely with leadership to drive the category's business plan and identify areas of growth while managing risk.

Financial Management:

  • Develop sales, inventory, and margin plans for the product division/category and execute to achieve or exceed plan.
  • Develop strategies in support of the company's financial goals.
  • Assist leadership in creating an annual budget and monitor performance to achieve budgeted results.

Leadership and Team Management:

  • Create a culture within the division or category that empowers and motivates the team to achieve great results.
  • Provide annual goals and deliverables and hold the team accountable.
  • Ensure that roles are clearly defined and grow, mentor, retain, and develop the buying team.

Qualifications:

  • Bachelor's degree or equivalent experience.
  • 10+ years of relevant merchandise management experience.
  • Financial acumen and extensive merchandising experience in targeted product categories.
  • Exceptional leadership skills and ability to communicate strategy into an actionable plan.

Career Path:

Director Merchandising > Sr Director Merchandising > VP Merchandising > SVP Merchandising



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