Head of Merchandise Strategy

1 week ago

New York, New York, United States Mejuri Full time
Director of Merchandise Planning

Mejuri is in search of a Director of Merchandise Planning who is a strategic and analytical leader. The ideal candidate possesses a strong business acumen and is focused on customer satisfaction, leveraging data to drive decisions. This role is pivotal in collaborating with various internal and external stakeholders to ensure operational excellence for our rapidly expanding brand.

Reporting directly to the head of planning, this proactive and innovative individual will oversee the alignment of product assortment and inventory strategies with Mejuri's financial objectives. This position serves as a vital liaison to senior management and merchandising teams, providing analytical insights, managing inventory effectively, and planning product financials to enhance overall business performance.

This role is well-suited for someone with a background in a dynamic, high-growth retail setting, who is adept at cross-functional collaboration and seeks to contribute meaningful work within a compact and agile team, witnessing the immediate impact of their efforts.

Key Responsibilities:
  • Formulate merchandise financial strategies that maximize sales, margins, and inventory efficiency across product categories.
  • Oversee forecasting for both carryover and new product introductions, as well as new store launches.
  • Act as the primary contact for weekly sales analytics, creating customized reports for senior leadership and various teams including merchandising, finance, supply chain, retail sales, and digital.
  • Conduct performance evaluations across the organization to assess the success of sales, margin, and inventory objectives.
  • Manage the open-to-buy (OTB) process as part of the sales and operations planning framework, budgeting for inventory acquisitions of both existing and new products.
  • Assist in the buy review process by providing forecasting and analysis, including halo and cannibalization assessments, necessary inventory investments, and margin considerations.
  • Serve as the go-to resource for ad-hoc analyses regarding sales, gross margin, and inventory performance, delivering insights, corrective measures, and recommendations.
  • Provide analytical support to the merchandising team in developing product assortments, pricing strategies, product life cycles, and discontinuation plans.
  • Contribute to the development of systems and tools that enhance the merchandising planning function.
  • Lead and mentor a small team of demand and merchandise planners.
Qualifications:
  • Experience: A minimum of 5 years in a retail environment, including roles as a planner, buyer, or retail business analyst.
  • Proven leadership experience, managing teams and collaborating with executive leadership.
  • Experience in a fast-paced retail environment with frequent new store openings.
  • Demonstrated expertise in retail operations and business strategy, including forecasting, promotions, margin planning, and inventory productivity metrics.
  • Exceptional verbal and written communication skills, with the ability to present complex information in a clear and compelling manner.
  • Track record of success in assortment and inventory planning to optimize retail performance.
  • Strategic mindset with the ability to identify opportunities and recommend actionable strategies to senior leaders.
  • High level of creative conceptualization, with a strong product sense and experience in driving product assortments and investment strategies.
  • Strong organizational, problem-solving, and interpersonal skills, with a focus on effective communication across functional teams.
  • Advanced proficiency in Excel and familiarity with data/business intelligence tools.
Benefits at Mejuri:
  • A minimum of three weeks of vacation, in addition to personal days and religious observance days.
  • A hybrid work model for all corporate roles.
  • 'Mejuri Passport' program allowing eligible employees to work in different locations for one month annually.
  • Comprehensive medical and dental benefits, including mental health support, along with generous personal and sick leave for full-time employees.
  • Parental leave salary top-up of up to 80%, with a personalized return-to-work transition plan for full-time employees.
  • Semi-annual performance evaluations.
  • A generous employee product discount.
Salary:
The salary for this position will be commensurate with experience, with a range between $152K and $198K.

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