Merchandise Planner

2 weeks ago

New York, New York, United States FRENCH CONNECTION GROUP INC Full time
Job Summary

The Merchandise Planner plays a pivotal 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.

Key Responsibilities
  • Demand Forecasting: Develop accurate demand forecasts for wholesale products based on historical sales data, market trends, and customer insights.
  • Assortment Planning: Create and manage product assortments that align with market demand, customer preferences, and company objectives.
  • Inventory Management: Optimize inventory levels to balance stockouts and excess inventory, while minimizing costs.
  • Sales Analysis: Analyze sales data to identify trends, opportunities, and areas for improvement.
  • Reporting: Prepare and present regular reports on sales performance, inventory levels, and demand forecasts.
  • Financial Planning: Develop financial plans for multiple accounts, including sales, gross margin, and inventory targets.
  • OTB Management: Conduct weekly OTB re-forecasting to reflect trends, company direction, and address risks and opportunities.
  • Product Mix Optimization: Proactively identify issues and opportunities within product mix and use analytics to drive profitable solutions.
  • Markdown Strategies: Develop and execute markdown and liquidation strategies to maximize store profitability.
  • Pre-Season Strategy: Collaborate with the sales team to develop a comprehensive pre-season strategy that aligns financial and product opportunities across multiple departments.
  • Line Building: Participate in the line building process and ensure alignment of style/color plans with merchandising strategies and financial targets.
  • Promotional and Markdown Execution: Drive profitability through leading and executing promotional and markdown strategies.
  • Weekly Business Analysis: Analyze the business weekly to identify trends and selling performance.
  • Cross-Functional Collaboration: Collaborate with other account managers, design, marketing, and sales teams to drive consistency and best practices.
  • Gross Margin Optimization: Develop strategies to optimize gross margins by balancing product costs and pricing.
  • Reporting: Provide regular retail performance reports related to sales, margin, inventory, and market trends.
  • Financial Plan Development: Develop plans driving the Annual Financial Plan targets, including reporting tools and standardized processes.
  • Team Collaboration: Coordinate with design, marketing, and sales teams for smooth product launches and promotions.
  • Profit Report Analysis: 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

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