Lead Merchandise Strategist

2 weeks ago

Los Angeles, California, United States MeUndies Full time

About MeUndies:

MeUndies is a renowned brand based in Los Angeles, CA, specializing in premium underwear and loungewear, celebrated for its exceptionally soft basics. Established in 2011, MeUndies revolutionized the $110B underwear market with the introduction of the first online underwear subscription service. Since then, the brand has cultivated a dedicated community of enthusiasts who appreciate its bold and comfortable offerings.

To date, MeUndies has successfully sold over thirty million pairs of underwear and has achieved profitability with consistent double-digit year-over-year growth. The company continues to innovate within the subscription space, transforming traditional transactional models into a membership experience focused on community and brand relationships.

Position Overview:

As a Senior Merchandise Planner, you will play a crucial role in driving the company's inventory management goals and financial performance by ensuring optimal product availability. This position is hybrid, requiring four days a week in the Los Angeles office.

Key Responsibilities:

  • Formulate, sustain, and adjust monthly sales forecasts for designated categories, aligning with financial directives and budgetary constraints.
  • Oversee Open-to-Buy (OTB) management to maintain ideal inventory levels that align with demand and company financial plans while mitigating inventory risks through scenario planning.
  • Facilitate comprehensive quarterly Buy Reviews for assigned categories and present findings to the Executive team for strategic alignment.
  • Manage the purchase order (PO) writing process at the style/color/size level, collaborating with Production to ensure timely issuance and receipt of POs.
  • Deliver precise quarterly projections to the Production team, ensuring sufficient factory capacity.
  • Compile and evaluate weekly and quarterly reports, communicating significant insights and actionable recommendations to the broader team, including opportunities and current risks.
  • Collaborate with Planning and Merchandising Teams to refine quarterly assortments and develop effective purchasing strategies based on historical data and analysis.
  • Devise and present revenue and unit projections for potential new product launches using both top-down and bottom-up methodologies.
  • Support promotional initiatives by recommending featured products and compiling SKU lists to enhance performance and sell-through rates.
  • Work cross-functionally with Merchandising and Site Merchandising teams to ensure an optimal customer experience.
  • Identify and monitor aged or slow-moving inventory, communicating at-risk products to the broader team and developing markdown or exit strategies as necessary.
  • Partner with Operations and Fulfillment teams as needed to optimize warehouse space utilization.

Qualifications:

  • Candidates must be based in Los Angeles or willing to relocate, as this role requires four days a week in the office.
  • Bachelor's degree is required.
  • A minimum of 5 years of experience in apparel planning, merchandising, or buying is essential.
  • Strong strategic thinking and analytical capabilities are necessary.
  • Proficient knowledge of retail mathematics is required.
  • High proficiency in Excel; experience with Netsuite, Tableau, and/or Toolio is advantageous.
  • An analytical and results-oriented mindset with a proven track record of identifying and capitalizing on business opportunities.
  • Ability to articulate a strong perspective on product assortment and business opportunities/risks.
  • Attention to detail and self-motivation with the ability to manage multiple tasks effectively.
  • Exceptional collaboration skills; a preference for teamwork is essential.
  • Excellent communication and presentation abilities are required.
  • Capacity to maintain strong cross-functional partnerships and foster a collaborative team environment.

Compensation and Benefits:

The base salary range for this full-time position is $98,000 - $128,000. Individual compensation will be determined by various factors, including job-related skills, experience, and relevant education or training. Please note that this salary range does not include any potential bonuses, equity, or benefits.

Why Choose MeUndies?

At MeUndies, we prioritize building a team that embodies our core values. We seek individuals who maintain balance, strive for excellence, foster relationships, embrace diversity, and demonstrate humility. Our collaborative environment encourages personal and professional growth, and we celebrate every achievement, big or small.

We offer competitive salary and equity packages, including targeted annual bonuses, generous parental leave, a 401k plan, comprehensive health benefits, open time off, and more. Our office is designed for comfort and productivity, featuring hot desks, lounge areas, a Mother's Room, an on-site gym and shower, and a welcoming kitchen. We also support a pet-friendly environment.

We are committed to creating a safe and inclusive workplace where open communication is encouraged. Our People Ops team is dedicated to addressing employee needs and fostering a supportive atmosphere.

Additionally, we value team connections outside of daily work. We host catered lunches, holiday celebrations, off-site events, happy hours, and an annual retreat. Employees also enjoy a generous discount on our premium products.

MeUndies is an equal opportunity employer, committed to providing a workplace free from discrimination. All employment decisions will be made without regard to age, race, creed, color, religion, sex, ethnicity, national origin, disability status, veteran status, genetic information, marital status, or any other legally protected characteristic.

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