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Merchandise Planner

2 months ago

London, Greater London, United Kingdom LIDS Full time

Job Summary

The Merchandise Planner will be responsible for building financial sales, gross margin, and inventory plans for both pre-season and in-season time periods. This role will partner with the Buying & Merchandising group to create and deliver local assortment strategies that maximize sales and profits. The successful candidate will be responsible for the development, execution, and communication of financial and inventory plans. Additionally, they will provide analytics and support to the Merchandising organization as well as Executive updates on business performance.

Key Responsibilities

  • Coordinate the development of annual, seasonal, monthly, and weekly merchandise plans
  • Construct merchandise purchase schedules for initial and in-season products
  • Manage price updates, markdowns, promotion setups, and other related tasks
  • Analyze margins and IMU's to drive pricing opportunity and risk
  • Analyze and provide reporting on capacity to identify areas of opportunity or risk resulting in allocation adjustments
  • Analyze historic performance to identify areas of opportunity or risk
  • Prepare preseason promotional/markdown strategy through inter-department partnerships
  • Develop, maintain, and update tools and reports to support the business
  • Establish processes and tools to review product assortments, providing data and analysis to support decision-making

Additional Responsibilities

  • Maintain business processes and serve as a subject matter expert for process improvements
  • Partner with allocation and supply chain teams to implement consistent and profitable in-season replenishment strategies and practices
  • Develop enterprise-wide risk mitigation plans and execute
  • Test multiple business strategies simultaneously, quantifying and communicating business impacts
  • Manage SKU-intensive businesses and location-intensive assortments
  • Deliver local, regionally relevant assortments and business solutions
  • Manage multiple channels and banners that Lids Sports Group operates under
  • Communicate effectively and persuasively with employees at all levels of the company
  • Support and adhere to all company policies, procedures, and guidelines

Requirements

  • Bachelor's Degree in Business, Finance, Marketing, Fashion Merchandising, or a related field
  • Strong understanding of retail math and measures used in financial reporting
  • Proven ability to perform independently with minimal supervision
  • Ability to operate a computer and maneuver relative software programs
  • Analytic Skills: Ability to think objectively and interpret meaningful themes from quantitative and qualitative data
  • Financial and Business Acumen: Ability to evaluate financial and business indicators and translate data into actionable information to drive results
  • Problem-Solving & Decision Quality: Able to use rigorous logic and methods to solve problems with effective solutions

Preferred Requirements

  • 3-5 years merchandising, planning, buying, or equivalent experience preferred
  • Relationship Management: Able to build constructive and effective relationships with a broad and diverse group of business partners, both internally and externally
  • Dealing with Paradox: Ability to balance conflicting and competing priorities
  • Presentation Skills: Effective in a variety of presentation settings, including one-on-one, small and large groups, and with peers and Executives
  • Influencing and Negotiation: Can present ideas and directions that lead others to action
  • Planning and Priority Setting: Demonstrate an ability to set objectives and goals and organize work appropriately to meet and exceed goals
  • Process Management: Can identify and articulate the processes necessary to get things done efficiently and align resources effectively
  • Systems and Tools Acumen: Advanced capabilities in Microsoft Excel, proficiency in Microsoft Access, PowerPoint, and Word, and aptitude to learn technical applications quickly