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Merchandising Strategist
2 months ago
We are seeking a highly skilled Merchandising Strategist to join our team at Wantable. As a key member of our merchandising team, you will be responsible for developing and executing merchandising strategies that align with our brand's goals and market trends.
Key ResponsibilitiesMerchandising Strategy
- Develop and execute seasonal product assortments that align with our brand's vision and market trends.
- Conduct market research and trend analysis to inform product planning and ensure our brand remains competitive.
- Manage the product lifecycle from concept to end-of-life, ensuring timely product launches and discontinuations.
Revenue and Inventory Management
- Develop revenue forecasts and monitor sales performance to ensure inventory levels meet demand.
- Work with our planning and buying team to manage stock levels, ensuring optimal inventory turnover and minimizing excess stock.
- Develop and implement replenishment strategies to ensure key products are always available.
Cross-Functional Collaboration
- Work closely with our design team to ensure product assortments align with design intent and market needs.
- Partner with our production team to ensure timely and cost-effective production of merchandise.
- Collaborate with our sales team to provide product knowledge and support for successful product launches and sales initiatives.
- Ensure all data is accurate at key milestone deadlines.
Financial Management
- Develop and manage merchandising budgets, ensuring cost-effective strategies that maximize profitability.
- Develop pricing strategies that balance competitiveness with profitability.
Reporting and Analysis
- Analyze sales data and market trends to inform merchandising strategies and make data-driven decisions.
- Prepare regular reports on sales performance, inventory levels, and market trends for senior management.
Requirements
- Bachelor's degree in Fashion Merchandising, Business, or a related field.
- Minimum of 3-5 years of experience in merchandising, preferably within the fashion apparel industry.
- Strong understanding of fashion trends, consumer behavior, and market dynamics.
- Excellent analytical skills with the ability to interpret sales data and market trends.
- Strong communication and interpersonal skills.
- Ability to work in a fast-paced environment and manage multiple projects simultaneously.
- Proficiency in merchandising software and tools, such as Excel and PLM systems.
Skills and Competencies
- Strategic Thinking: Ability to develop and execute merchandising strategies that align with brand goals.
- Analytical Skills: Strong analytical skills with the ability to interpret sales data and market trends.
- Collaboration: Excellent collaboration skills, with the ability to work effectively with cross-functional teams and external partners.
- Attention to Detail: High level of accuracy and attention to detail in all aspects of merchandising.
- Communication Skills: Strong verbal and written communication skills, with the ability to present ideas clearly and persuasively.
Working Conditions
- This position may require occasional travel to suppliers and industry events.
- The role is typically office-based but may involve work in various environments depending on merchandising activities.
Benefits
- Medical
- Vision
- Dental
- Employee Discount
- 401K
- Paid Holidays
- PTO
