Senior Merchandizing Manager

1 month ago


London, Greater London, United Kingdom JAC Recruitment UK Full time
Title

Senior Merchandizing Manager

Salary

CIRCA £50,000 per annum

Job profile

A Japanese global Culture Home are looking for a Senior Merchandising Manager.

JOB DESCRIPTIONMerchandising Strategy
Develop and implement the merchandising strategy to optimise the product ranges in store and online to ensure revenue and profit targets are achievedAnalyse market trends, customer insight and sales data to make informed decisions on product selection, pricing, and inventory managementDevelop and manage merchandising budgets, ensuring effective allocation of resources to drive sales and meet financial targetsCoordinate with suppliers and vendors to negotiate terms, pricing, and delivery schedules to maintain optimal inventory levels and put in place commercial agreements and monitor vendor performance and manage vendor contracts and agreementsAnalyse product performance and advise on product presentation, display layout and visual merchandising to help maximise revenue targets and customer experienceMonitor competitor activities and market trends to stay ahead in the market and identify new opportunities for growthCollaborate with cross-functional teams, including marketing, and retail sales, to align merchandising strategies with overall business objectivesFinance, Procurement and Product Management
Optimise the supply chain to ensure that Gross Margin is maximisedDevelop and implement inventory control strategies to maintain optimal stock levels, reduce excess inventory, and minimise out of stockSet OTB strategy in conjunction with annual forecast targets and and ensure we have the right stock in the right place at the right time to deliver sales and satisfy customer demandSet pricing strategies, adjust pricing, monitor stock levels and turnover rates and manage markdown to maximise profitability.Create and manage budgets for buying and merchandising activities, tracking and reporting on financial performance.Develop and implement merchandising management reports tracking departmental performance and reporting on variances and using data to make informed decisions.Liaise as required with auditors and provide input to annual stocktake.Prepare open to buy budgets, schedules, and other operational reports for submission to the company's Enterprises Limited Board.Management
Manage and lead the the Merchandising & Buying Team.Provide guidance and direction to the Merchandising & Buying Team, fostering a collaborative, innovative and performance-driven work environment based on the company's Values.As appropriate, support Japan House London's initiatives, cross-functional projects, and organizational development activities.Work closely with contracted vendors and suppliers to ensure that product is both authentic and aligns to the overall mission of Japan House London and delivers against margin and revenue targets.Risk Management
  • Ensure all product fulfils all legal health and safety guidelines.
    QUALIFICATIONS & EXPERIENCE
    • Over 5 years experience at senior level in merchandising and buying in high end retail sector

    • Bachelor's Degree or equivalent

    • Demonstrated leadership and management experience

    • Strong written and verbal communication skills

    • Excellent financial analysis capability and planning skills

    • Excellent business acumen, with strong fact-based decision-making and problem-solving capabilities

    • Collaborative approach to building relationships across teams and with suppliers and stakeholders

    • Proficiency in using merchandising software and data analysis tools

    • Experience with ERP systems, logistics and distribution

    • Ability to prioritise and manage multiple initiatives simultaneously with an ability to work independently

    • Strong analytical skills with the ability to interpret data and leverage insights to drive business growth.

    • Excellent communication and collaboration skills to work effectively with cross-functional teams.

    • Detail-oriented with a keen eye for product assortment and trends.

    • Willingness to continuously improve, develop, and understand industry best practices.

Location

London

Hours

40 hours per week
Mon – Fri: 09:00am - 06:00pm

Visa

Eligible to work in the UK without any restriction

About our client

Japanese global culture home

#LI-JACUK
#citylondon
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