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Retail Merchandise Strategist

2 months ago

Anoka, Minnesota, United States The Paper Store Full time

The Paper Store is dedicated to being the leading destination for all of our customers' gift-giving needs. Our mission is to share our enthusiasm for The Paper Store with every customer, during each visit, by exceeding their expectations for both selection and service.

The Retail Merchandise Strategist is accountable for the planning, procurement, and oversight of pricing, merchandising, and marketing for designated product lines while optimizing sales and profitability. This role involves taking ownership of a specific category and being responsible for the overall growth and financial success of the department.

The Retail Merchandise Strategist reports directly to the Vice President of Purchasing and Allocation.

CORE COMPETENCIES:

  • Accountability: Exhibits a strong sense of corporate responsibility. Takes personal ownership for the quality and timeliness of work, ensuring actions align with words.
  • Communication: Shares information with clarity and consistency; employs active listening to effectively understand and provide feedback. Adapts communication style to engage the audience and enhance understanding.
  • Creativity and Initiative: Proactively identifies opportunities and implements innovative solutions. Fosters a culture of creativity and improvement.
  • Professionalism: Maintains a positive and professional demeanor even in changing or uncertain situations. Collaborates effectively with a diverse range of individuals to support and guide others towards achieving organizational goals.
  • Personal Development: Demonstrates self-awareness, high energy, persistence, and a positive attitude. Continuously seeks improvement and learns from experiences and constructive feedback.
KEY RESPONSIBILITIES:
  • Act as a brand ambassador for The Paper Store.
  • Continuously explore new opportunities for the organization.
  • Develop a competitive merchandise assortment strategy that is customer-centric and adjust sales plans by staying informed on fashion and industry trends.
  • Secure and evaluate quotes; negotiate pricing and terms with suppliers. Select vendors based on cost, quality, and delivery competitiveness.
  • Ensure product quality standards are met and strive to exceed customer expectations through thoughtful selection and pricing.
  • Analyze sales data for trends and product performance.
  • Generate and assess reports to create actionable insights.
  • Research competitors to compare products, pricing, and merchandising strategies.
  • Monitor and track quarterly objectives and goals.
  • Maintain budgeted profit margins and open-to-buy for assigned categories.
  • Evaluate vendor performance regarding quality, pricing, and delivery to optimize the vendor base.
  • Integrate brand, sourcing, marketing, and retail supply chain functions into the merchandising process to facilitate informed business decisions.
  • Address irregularities with suppliers and manage negotiations on critical issues such as product availability, merchandise distribution, timely deliveries, returns, and vendor allowances.
  • Participate in trade shows and conferences to research new industry trends and products.
  • Coordinate and oversee promotional activities and events.
  • Develop and nurture positive, long-term relationships with suppliers.
  • Oversee procurement and purchasing activities for assigned projects and vendors.
  • Define, develop, negotiate, and contract solutions that meet business needs and enhance profitability by controlling costs, improving payment terms, reducing inventory, and optimizing supply chain efficiencies.
  • Assist product developers in sourcing projects, including cost quotes and sample requests.
  • Support developers by researching retail price comparisons and retail line logic.
  • Collaborate closely with store merchandising and marketing teams to implement innovative ways to showcase product assortments both in-store and online.
  • Manage and develop direct reports.
JOB REQUIREMENTS:
  • Bachelor's degree.
  • 3-5 years of experience as a retail buyer.
  • Strong analytical and problem-solving skills.
  • Proficient in Microsoft Excel and database applications, including the ability to create ad hoc spreadsheets.
  • Experience with MicroStrategy reporting is a plus.
  • Highly detail-oriented with a willingness to analyze data at a granular level.
  • Able to work collaboratively with a diverse group of individuals.
  • Excellent verbal and written communication skills.
  • Adaptable to various assignments and retail trends.
  • Willingness to work a minimum of 3 days per week at the Corporate Office.
  • Professional presentation in attire, demeanor, and appearance.
The Paper Store is an equal-opportunity employer and considers all qualified applicants for employment without regard to race, color, national origin, religion, sex, disability, age, veteran status, or any other classification protected by state, local, or federal law.