Category Management Planner

Michaels Stores-posted 3 months ago
Full-time • Mid Level
Irving, TX
5,001-10,000 employees
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The Support Center - Irving Category Management Planner is a key business partner with Category Manager and Category Director (CM/CD) to ensure achievement of department goals in terms of sales, gross margin, and inventory. This role involves various major activities including analysis, purchase planning, assortment planning, and reset support.

  • Provide CD/CM with analysis and recommendations to optimize sales, margin, and inventory.
  • Ensure corporate inventory initiatives are included in department strategies.
  • Optimize seasonal inventory flow.
  • Manage in-season execution of basic assortment exit strategies for resets.
  • Partner with Financial Planner to develop and execute SKU rationalization goals.
  • Use MFP (Michaels Financial Planning) to create weekly sales, margin, and inventory plans at subclass level for seasonal and trend programs.
  • Own MFP administration for seasonal and basic plans.
  • Incorporate correction of errors.
  • Recommend 'wave breaks' for seasonal flow.
  • Recommend optimal inner and master packs.
  • Partner with pricing and CD/CM to make appropriate in-season markdown recommendations for seasonal and trend products.
  • Evaluate forward buys on market deals and other opportunities.
  • Develop and adhere to critical timelines.
  • Ensure assortments are completed within specific timeframes.
  • Participate in assortment plan review with category management team for seasonal and SBA assortments by analyzing historical information and making appropriate recommendations.
  • Develop and implement markdown strategy following reset financial timeline.
  • Implement discontinue timing.
  • Implement order placement timing for new product with CD/CM and replenishment team.
  • Monitor progress of reset activities and integrate into MFP sales, margin, and inventory forecast.
  • Update finance partner on any activities that would require updating reset financials.
  • BS or equivalent in Business, retail, or related field.
  • 2-5 years in retail experience.
  • Numerical analysis and project management experience.
  • Microsoft Office literate, especially Excel.
  • Ability to work comfortably on unstructured problems/tasks.
  • Ability to work quickly and accurately under pressure and time constraints.
  • Planning system skills preferred.
  • 2+ years in retail planning or allocation preferred.
  • Health insurance (medical, dental, and vision).
  • Paid time off.
  • Tuition assistance.
  • Generous employee discounts.
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