Competitive Pricing Manager
3 weeks ago
At Soho Studio LLC/TileBar, we are seeking a highly motivated and detail-oriented Competitive Pricing Manager to join our dynamic team. As a key member of our pricing team, you will play a vital part in our growth trajectory by developing and implementing pricing strategies that drive revenue and profitability.
Key Responsibilities:- Market Analysis: Monitor industry trends to identify opportunities and threats that impact pricing decisions. Analyze competitors' pricing strategies and promotional activities to understand their positioning in the market and recommend appropriate responses to maintain a competitive edge.
- Cost Analysis: Evaluate the cost stack of products, including freight, production, distribution, marketing, damages, and all associated selling expenses, to ensure true bottom-line pricing aligns with profit margin goals.
- Pricing Strategy Development: Develop and recommend pricing strategies for all sales channels that consider factors such as product uniqueness, target customer, and overall value proposition. Propose tiered pricing, bundling, or other promotional strategies to cater to different customer segments and maximize overall revenue.
- Price Optimization, Testing, and Implementation: Analyze historical sales data and pricing information to identify patterns and correlations that guide pricing adjustments. Utilize pricing models and software tools to simulate and forecast the impact of various pricing scenarios on revenue and profitability. Design and execute price tests to evaluate the impact of pricing changes on customer behavior and financial outcomes.
- Bachelor's Degree in Business Administration, Finance, Statistics, or a related field
- 3 Years Experience in Pricing (Consumer Goods), Data Analytics, Finance, Omnichannel Retailing, or related pricing and promotion field. Experience working in cross-functional teams, data elements, or financial metrics analyses.
- 3 Years Experience in Price Management, Merchandising, Financial Planning and Analysis, Store Operations, or Logistics. Experience as a Lead Merchant and/or Pricing Lead in an omni-channel retail environment.
- Microsoft PBI and SQL knowledge are a plus but not required
We are committed to fostering a workplace that embraces and celebrates diversity, equity, and inclusion. We believe that a diverse and inclusive workforce enhances our ability to innovate and succeed and creates a more enriching and supportive environment for our employees. Soho Studio LLC/TileBar is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of their race, color, religion, gender, sexual orientation, gender identity or expression, national origin, genetics, age, disability, or veteran status.
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