Share this Job
Company:  Madewell
Location: 

New York, NY, US, 10281

Date:  Nov 25, 2021

Merchandise Planner

Merchandise Planner
 

You’ve got to…

  • Get us – a passion for the brand that shows up in everything you do, everyday.
  • Be a strategic thinker – spend time and energy on what drives the greatest results.
  • Look under rocks, be curious, ask questions and use your smarts to think boldly and do the right thing.
  • Be a team player – cultivate productive relationships with cross-functional business partners.
  • Communicate consistently, with purpose and an understanding of your audience.
  • Be a multi-task master – make quick decisions under tight timelines.
  • Be nimble and comfortable with change.
  • Work independently and take the lead, even when all of the pieces are not in place.
  • Articulate your point of view and have the courage and conviction to stand up for your beliefs.
  • Always be on, up for anything and ready to have fun along the way.

 

We want you to…

  • Collaborate with Merchants and Allocators on preseason and in season plans to align on sales and inventory strategies. Provide team with diagnosis of the business and own suggested course of action.
  • Active role partnering with planning peers and management in creating, updating, enhancing tools and process that supports financial integrity and allows for flexibility and innovation.
  • Actively listen, engage, and respond to business partners and leadership in response to opportunities and challenges.

 

PRESEASON

  • Create preseason sales, margin and inventory plans by department, class, style, and color.  Analyze and report on previous quarter results; identify “missed sales” and growth drivers over prior year
  • Summarize the opportunity and risk of a product plan as it relates to trend and financial metrics: initial mark-up, average unit retail, average unit cost, net margin dollars/rate.
  • Recommend style count, cc count and flow of goods for optimal results.
  • Independently develop and present the financial strategy associated with growth and diminish categories in quarterly investment review meetings.  Effectively communicate support for style level buys as it relates to current trend, historical findings, or related categories.

 

IN SEASON 

  • Provide daily and weekly updates on business as it relates to last forecast, identifying trends, and highlighting selling that exceeds or falls short of expectation.
  • Initiate conversations with cross functional partners regarding potential risk or opportunities and suggested changes to course of action for both current and future quarters.
  • Prepare sales, margin and inventory forecast and lead team in monthly OTB forecast meetings for current year; provide sales trend opportunity for future quarters, validate stock-to-sales relationships, maximize receipt flow to improve turn, reconcile receipts and suggest pricing strategies to drive profitability.
  • Monitor basic style selling trends and partner with merchandising and allocation to select monthly order quantities.
  • Generate and manage style level weekly unit sales plans in season to inform total department sales expectation by week/month/quarter and identify styles contributing to a +/- to forecast.
  • Propose markdown and promotional strategies to maximize profitability on the life of an item or category; provide pricing and margin dollar gain/loss scenarios.
  • Recommend and manage cross channel transfer proposals and communication.

 

Oh, and by the way, you…

  • Bachelor’s degree required.
  • 3+ years of merchandise planning experience; a total of 4-5 years of related experience in allocation, merchandising, financial planning, strategy, or business analytics.
  • Strong analytical, financial modeling, and problem-solving skills.
  • Excellent written and verbal communication and presentation skills.
  • Proven ability to build strong cross-functional partnerships and influence others.
  • Ability to synthesize business performance into key highlights, root cause analysis and action plans.
  • Ability to manage multiple work streams/projects with tight timelines.
  • Strong technical aptitude, including advanced competency in Microsoft Excel and the ability to quickly master new applications and systems.

 

We are committed to affirmatively providing equal opportunity to all associates and qualified applicants without regard to race, color, ancestry, national origin, religion, sex, marital status, age, sexual orientation, gender identity or expression, legally protected physical or mental disability or any other basis protected under applicable law.


Nearest Major Market: New York City

Job Segment: Merchandising, Retail Sales, Financial, Retail, Finance