SUMMARYThe Planner, Assortment is responsible for achieving sales and profit objectives for a merchandise category or categories, working in conjunction with one or more buying teams to support merchandising and financial strategies. Oversees the ongoing management of sales and inventory and make recommendations on sale and receipts based on current trends. Develops product assortments and buying plans for each season through analyzing sales and inventory data and metrics that ensures the optimal selection for consumers, creates the right balance between number of styles and depths, and avoids overstocking. Assesses risks and opportunities related to their assortment and buying plans for assigned category.
ESSENTIAL DUTIES AND RESPONSIBILITIESProject monthly, yearly, and seasonal sales.
Create merchandise assortments by integrating financial merchandise plans with desired products to be placed by the buyer to maximize sales and profits. Develop and maintain item level plans that project inventory needed to achieve sales and liquidation goals.
Provide the analytical foundation for product needs by category in detail by using historical selling data seasonally to determine the needs of the stores and curate a collection of styles that ensure enough of a selection for the consumer, keeping in mind overstocking and creating an optimal balance between number of styles and the depth of each style.
Work with marketing, Ecommerce, and business partners in the merchandising department to carry out merchandising strategic plans and vision for the season.
Work with Buyers to develop seasonal assortments, store clusters, and inventory flow plans and to align assortment strategies to achieve financial plans.
Build assortment sheets and plans (shopping list) and determine number of units and SKUs to hit the planned metrics for the season. Flex between seasons and maintain a familiarity of products bought each season. Update unit plans to see the need for carryover merchandise.
Run and compile seasonal sales information. Run grading to create clusters for assortments. Grade stores on performance for each season. Prepare reports required for seasonal analytics including weekly performance recaps.
Provide ad-hoc business report and analysis as needed.
Create vendor final line recaps and internal assortment summaries for upper management approval.
Provide analytical support to the buying team by quantifying impact of strategic, promotion, and assortment changes.
Conduct sales recaps, unit plans, and EOM projections weekly.
Update and maintain daily, weekly, and monthly sales tracking and plans to accurately forecast and adjust unit needs
Create seasonal forecast.
Work with the buying team to implement the seasonal merchandise objectives; establish unit targets and monthly flows.
Run smart average analysis and size optimization reports at the end of each selling season to aid in the order-writing process
Work with planners to challenge group level plans to ensure consistency with goals; by communicating product direction.
Identify growth opportunities and new business for sales optimization.
Perform analysis of historical style performance and sales data.
Attend vendor meetings and travel to see vendors.
Work with buyers, planners, and training team on how to project and predict future business trends.
Protect the company’s assets and financial information by ensuring the accuracy and effectiveness of internal control procedures and informing management and/or appropriate officials of potential fraud risk.
QUALIFICATIONSBachelor’s degree in business or a related field
1-3 years of experience with merchandise planning and or allocation
Proficient in Microsoft Office including Excel, Word, and Outlook
Ability to work in a team environment and meet deadlines
Ability to analyze data and create financial plans, adjusting plans as needed
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