Merchandising Specialist
2 weeks ago
To maximize revenue and minimize losses through efficient stock management, sales optimization, and availability planning.
- Contribute to the development of the department strategy, analyzing historical data to inform future decisions.
- Support the Merchandiser in range selection and sign-off processes, ensuring alignment with business objectives.
- Provide trading, administrative, and analytical support to the Merchandising team, driving business growth and profitability.
Key Responsibilities
- Develop and maintain accurate forecasts, incorporating traded history and future events to inform range plans.
- Produce and update line flows, ensuring up-to-date forecasts and commitment levels, and reporting contracts correctly on internal systems.
- Review current performance with the Merchandiser, identifying opportunities for repeats, cancellations, and markdowns to optimize profitability.
- Propose and cost markdown events and promotional activities, considering their impact on profitability.
- Ensure timely availability of stock, meeting launch dates and intake targets in line with forecasts.
- Place orders with suppliers, manage stock progress, and review quantities, shipment modes, and delivery dates under the Merchandiser's direction.
- Keep product systems up-to-date with the latest information.
- Analyze category, season, and product performance, providing insights to inform merchandising decisions.
Requirements
- Experience as an Allocator, Trainee Merchandiser, or existing Assistant Merchandiser.
- Highly numerate, with proficiency in Microsoft Excel and Business Intelligence tools.
- Excellent communication, negotiation, and presentation skills.
- Good planning, self-organization, and team management skills.
- Previous retail experience and brand awareness.
Accountable for Resources
- Stock forecasting and movement.
- Accurate information on internal systems.
- Company integrity and relationships with external partners.
- Financial performance, ensuring profitability through stock management.
Key Contacts and Relationships
- Design, Buying, Merchandising, Sourcing, Quality.
- Logistics.
- Retail, Ecom, Wholesale & Partners.
- Brand team.
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