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Merchandise Planning Analyst
1 month ago
Gentle Monster is a global fashion eyewear brand that sets trends worldwide through its innovative and unpredictable advancements.
Our company, IICOMBINED, has launched several successful brands, including Gentle Monster, TAMBURINS, and NUDAKE. We are driven by continuous innovation and challenges, and we continue to grow by developing brands that exemplify unparalleled beauty and unpredictable progressions.
About This RoleA Merchandise Planning Analyst plays a crucial role in supporting business decisions aimed at enhancing performance and achieving goals. Key responsibilities include collecting and interpreting data, creating visual representations, and leveraging data analysis to boost productivity.
ResponsibilitiesSales and Inventory Data Analysis- Collect and analyze sales data and inventory information to monitor sales trends and inventory turnover.
- Derive insights from data and adjust inventory and sales strategies accordingly.
- Use historical sales data and research on market trends to forecast future sales and develop plans.
- Set seasonal, monthly, and weekly sales targets and propose strategies to achieve them.
- Monitor inventory levels and develop plans to maintain optimal inventory.
- Address inventory shortages and surpluses and take appropriate measures for stock replenishment or reduction.
- Analyze current fashion and eyewear industry trends, consumer preferences, and competitor activities to respond to market changes.
- Identify seasonal patterns, styles, and design trends in the fashion and functional eyewear market and incorporate them into product planning.
- Evaluate the performance of individual eyewear products, including sales.
- Adjust product strategies based on consumer feedback and sales data for optimization.
- Provide data analysis to support strategic decision-making for eyewear lineup and planning.
- Assess performance by product and adjust sales strategies to contribute to revenue growth.
- Identify and categorize the different product ranges offered by competitors, such as entry-level, mid-range, and premium tiers. Analyze how these tiers are priced and positioned within the market.
- Develop and recommend pricing strategies based on market analysis and company objectives.
- Identify the customer segments that each competitor targets with their pricing.
- Prepare regular sales reports and analysis results and present them to the executive.
- Monitor key performance products and analyze results to identify and suggest improvements.
- Maintain regular communication with the in-charge individuals of both offline and online channels to review inventory levels and sales performance.
- Work closely with e-commerce, marketing, retail, and supply chain teams to align and synchronize overall strategies.
- Align channel-specific strategies and provide updates on inventory status and sales trends to facilitate efficient operations.
- Education: Bachelor's degree or higher in a relevant field
- Experience: Minimum of 2 years of experience in merchandising, product analysis, or a related field
- Skills: Proficiency in Excel and data analysis tools/software
- Abilities: Strong analytical skills, problem-solving abilities, and data-driven decision-making capabilities
- Other: Detail-oriented and capable of effective teamwork
- Fashion Market Understanding: Deep understanding of the fashion industry, consumer behavior, and competitor analysis
- Product Analysis: Experience in analyzing sunglasses product performance, quality assessment, and consumer feedback
- As the headquarter is in Korea, proficiency in Korean is required.
Job Type: Full-time (on-site)
Pay: $55,000.00 - $60,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift