How to Become a Retail Pricing Analyst
Step 1: Understand the job description and responsibilities of a Retail Pricing Analyst
What does a Retail Pricing Analyst do?
A Retail Pricing Analyst estimates merchandise overhead and develops ways to reduce costs. Analyzes historical cost data in order to provide more accurate cost estimates. Being a Retail Pricing Analyst communicates pricing information to associates. May require a bachelor's degree in area of specialty. Additionally, Retail Pricing Analyst typically reports to a supervisor or manager. To be a Retail Pricing Analyst typically requires 2 to 4 years of related experience. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work.
This position will partner with category managers, merchandising and other key function decisions makers to provide in depth strategic pricing analysis and robust insights/analyses/guidance to drive and deliver executional pricing excellence resulting in organizational confidence in customer pricing.
PRIMARY PURPOSE OF POSITIONThe Mass Market Pricing Analyst will support Sales and Marketing groups and be responsible for generating the acquisition and renewal pricing in all applicable Retail Power markets.
Will coordinate the release of campaigns, load forecasts and final offer pricing/margin to Wholesale and Operations groups.
· Calculation of power pricing for Government Aggregations and Marketing acquisition and renewal campaign activity.
· Monitor processes to identify issues and ensure accuracy and timeliness of pricing.
Step 2: Learn best tips to become a Retail Pricing Analyst
Best tips for those who want to become a Retail Pricing Analyst
Here are some tips to become a Retail Pricing Analyst.
Step 3: View best colleges and universities for Retail Pricing Analyst
Best colleges and universities for Retail Pricing Analyst
- College of the Atlantic
- Cleveland State University
Step 4: Think about whether is it worth to be a Retail Pricing Analyst
Is being a Retail Pricing Analyst Worth it?
Ensure the Household and Lifestyle data and IT infrastructure will support pricing and account management.
Step 5: Prepare relevant skills for being a Retail Pricing Analyst
What skills do you need to be a Retail Pricing Analyst?
This is not a management position, but still requires important skills in order to fully execute the role. A keen understanding of the following is necessary for the role: Cost Estimation, Pricing Analysis. Some of the more basic skills utilized in this role include: Retail Management System, General Data Analysis Software. These skills are certainly important to the role, but keep in mind, fit into a company culture and environment is often just as important.
Ability to develop, coordinate and implement pricing that is targeted, realistic and effective in meeting Retailer's gross profit objectives.
Analyst, Capacity PlanningAnalyst, Capacity PlanningC&S Wholesale GrocersKeene, NH2 weeks ago.
1-3 years' experience in corporate buying, pricing, strategy, finance, accounting, or research analysis in a retail environment.
Candidate must have great communication skills, MS Excel proficiency, strong problem-solving/analytical skills, retail experience, and ability to learn PCM/SAP systems.
Ability to work collaboratively and communicate effectively with a broad team from corporate to field to retailers.
Step 6: View average salary for Retail Pricing Analyst
How much does a Retail Pricing Analyst make?
The average salary range for a Retail Pricing Analyst is from $58,114 to $73,603. The salary will change depending on your location, job level, experience, education, and skills.
- View average salary for the United States
Adjust salary by state