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Merchandise Planner / Ladies Apparel 8/30/08
Ladies Specialty Retailer with over 500+ stores, located in the Mid West.
Competencies (skills, knowledge and behaviors) that are required for this position
- Ability to analyze, understand and anticipate market and industry trends, competitors' tactics, the consequences and implications of situations and demonstrates passion and innovation to ensure competitive advantage
- Demonstrates understanding and commitment to the role and responsibilities in delivering a brand experience that exceeds our customers' expectations.
- Cultivates teamwork and collaboration by developing, communicating, partnering and personally executing to goals that are aligned with the brand strategy.
- 3-5 years in apparel retail, preferably as a merchandise planner, allocator, financial analyst, or buyer.
- Undergraduate degree preferred
- Strong systems skills with experience in managing and reporting data in such environments as Arthur Planning, Data Warehouse, Excel, Access, etc.
Summary of primary duties and responsibilities
- Partners with Buyer to develop strategic vision of department.
- Collaborates with Buyer to architect detail class plans that integrates fashion, lifestyle, fit, pricing, advertising support, with merchandise flow across time and store population to achieve financial objectives.
- Identifies opportunities or disparities using trend information.
- Continually updates in season forecast to react to current business trends, develop upside strategies; prepare contingency plans to drive sales and profit objectives.
- Formulates a financial plan for each merchandise department that supports detailed unit plans.
- Identifies and reacts to opportunities to increase sales, improve margin, optimize inventories, and decrease markdowns. Maintains a running financial forecast of sales dollars, margin components and inventory.
- Recommends pricing and promotional strategies that optimize margin, freshness, and exit strategies, and that balance appropriately with the entire business pricing approach.
- Ensures broad business strategies and objectives are translated into specific "local" objectives and plans. This includes alternative assortment needs for large stores and different personality stores, climate alternatives, sizing needs.
- Presents financial information in a concise, clear, and confident manner. Articulates key issues and adapts presentation style to suit needs of audience. Readily communicates important information despite challenges. Makes a compelling and persuasive case for proposals.
- Translates large, complex data sets into major points and issues that readily facilitate decision-making and are executable from both a product and logistical perspective..
- Provides reporting and analysis to highlight important trends or to support multi-department analysis.
- Continually examines product successes and failures to extract key lessons.
- Partners with Allocation to ensure distribution methodologies and special strategies (e.g. tiered distribution) are uniformly understood and executed.
Systems: Arthur Planning & Allocation, E-3 Replenishment, and Excel.
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