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Retail Merchandising Asssitant

3 months ago

London, Greater London, United Kingdom Alyx Full time

We are seeking a Retail Merchandising assistant to join our team. This individual will be responsible for assisting in various aspects of retail merchandising, including budgeting, planning, stock management, sales forecasting, and analysis. They will play a key role in helping the department deliver sales and maximize profitability through effective inventory management and strategic planning.

Responsibilities:

1. Budgeting & Planning:

§ Maintain merchandise budgets in alignment with company objectives and financial targets.

§ Collaborate with cross-functional teams to deliver merchandise plans for each week, season or period.

2. WSSI and line cards:

§ Utilise and maintain WSSI and line cards to monitor and analyse sales, inventory levels, and intake, ensuring optimal stock availability and turnover.

3. Stock Management & FTS:

§ Assist and coordinate stock management processes, including replenishment, transfers, and allocation to ensure adequate stock levels across all channels.

§ Manage stock 'free to sell' processes to optimise inventory flow, minimize stockouts and support wholesale sales.

4. Sales Forecasting & Allocations:

§ Utilise sales data and market trends to forecast future sales and plan inventory allocations accordingly.

§ Allocate merchandise to stores based on sales forecasts, store profiles, and inventory levels.

5. Terminal Stock Management & Option Planning:

§ Minimise terminal stock and develop strategies to minimize excess inventory and markdowns.

§ Plan product options and assortments based on sales trends, customer preferences, and market demand.

6. Reporting:

§ Prepare and present weekly, quarterly, and seasonal reports to track sales performance, inventory metrics, and key performance indicators (KPIs).

§ Analyse sales data to identify trends, opportunities, and areas for improvement.

7. ERP and POS Management:

§ Maintain and update the ERP (Enterprise Resource Planning) systems to ensure accurate and timely data entry and reporting.

§ Maintain POS (Point of Sale) systems and troubleshoot any issues related to transaction processing and inventory management.

8. Price and Promotion Management:

§ Maintain and update pricing strategies and promotions to drive sales and achieve margin targets.

§ Monitor competitor pricing and promotional activity to remain competitive in the market.

9. Intake Management & Buy Analysis:

§ Coordinate intake processes to ensure timely delivery of merchandise and optimize inventory flow.

§ Analyse buy performance to identify opportunities for improvement and inform future purchasing decisions.

10. Size Analysis & International Pricing:

§ Conduct size analysis to optimise size ranges and allocations based on customer demand.

§ Maintain international pricing strategies.

11. Linear Sales Planning & Line Card Management:

§ Review linear sales plans to optimise space productivity and maximise sales per square foot.

§ Manage line cards and vendor relationships to ensure product availability and alignment with brand standards.

12. Attribute Management & Relations:

§ Manage product attributes and classifications to facilitate accurate reporting and analysis.

§ Foster positive relationships with internal stakeholders, including finance, direct-to-consumer (DTC), and wholesale teams.

13. Product Launch Coordination; Range Planning , Delivery & Analysis:

§ Assist in coordination of product launches, including planning, execution, and analysis of launch strategies.

§ Collaborate with cross-functional teams to deliver range plans and delivery schedules in alignment with market trends and company objectives.

§ Conduct competition analysis to identify market trends, benchmark against competitors, and inform product strategies.

§ Assist in managing critical path timelines to ensure all milestones are met throughout the product development process.

§ Analyse sales performance and product metrics to identify best-selling products and areas for improvement.

Person profile - capabilities, proficiency, experience:

§ BA in Business, Merchandising, or related field would be preferred.

§ Experience in retail merchandising, inventory management, and sales analysis.

§ Strong analytical skills with the ability to interpret data and draw actionable insights.

§ Proficiency in Microsoft Excel, ERP systems, and POS systems.

§ Excellent communication and interpersonal skills.

§ Ability to thrive in a fast-paced environment and manage multiple priorities effectively.

Working arrangements:

Permanent role

Primarily working from the offices in London