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Merchandising Manager

2 months ago

Havant, Hampshire, United Kingdom FatFace Full time
Job Description

Role Summary:

To plan and manage department key performance indicators (KPIs) such as sales, stock, and markdowns to maximize sales and margin across channels, and achieve terminal stock targets.

Key Responsibilities:

  • Work cross-functionally within the product team to produce department product strategy in line with overall company strategy, proposing financial parameters and successfully implementing.
  • Create weekly and phase-level plans by channel and category for sales, margin, stock, and markdown, taking traded history and planned future events into consideration.
  • Create a range plan at grade level which satisfies strategic channel, financial, and space requirements.
  • Work closely with the DBMS team to develop and select a balanced and commercial range which delivers the product strategy, and successfully sign off with Management.
  • Plan seasonal pricing and promotional activity together with Buyer and in line with overall strategy, supported by financial evaluation.
  • Together with the Buyer, input into and implement a supplier strategy which sets out short, medium, and long-term plans for supplier partnerships, development, and improvement.
  • Highlight trading opportunities and risks and propose effective action.
  • Manage the availability of stock to ensure maximum profitability, launch dates are met, and sales and stocks are potentialized in line with department KPIs across trading channels.
  • Input into cross-functional activity as required, e.g., retail operations, visual merchandising, finance, logistics.
  • Effectively manage and motivate your merchandising team through performance management, personal development, and appraisals, ensuring that they understand their contribution towards company goals.

Requirements:

  • Bachelor's degree in a business-related field.
  • Proven track record in Merchandising at either Junior Merchandiser/Merchandiser level.
  • Previous experience in retail essential.
  • Team management and task delegation skills.
  • Highly numerate and able to interpret data to determine decision-making, work to budgets, and financial plans.
  • Strong planning and organization skills – able to change plans in line with business needs.

Competencies:

  • Thorough understanding of all merchandising principles and systems.
  • Understanding of critical path and product life cycle.
  • Comprehensive understanding of customer profile, and product range, and competitors.
  • Use of Excel, BI, and product systems.
  • Brand and commercial awareness.