Director, Divisional Planning

Five Below•Philadelphia, PA

About The Position

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in. It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Requirements

8-10 years of experience in a retail or wholesale environment, including time spent managing multiple direct reports
4 Year College Degree (preferably in Business)
Strong problem-solving skills, utilizing technical expertise and good business judgment in support of operational and strategic objectives.
Proven capability to manage in a high-growth, demanding, and rapidly changing corporate environment.
Demonstrated ability to produce results by leveraging resources and managing key initiatives effectively.
Advanced knowledge of retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures
Ability to work and communicate effectively with all levels of staff and management
Strong leadership and team management skills, with the ability to motivate and develop a high-performing team.
Advanced proficiency in Excel, Word, and PowerPoint

Nice To Haves

Prior experience with merchandising and planning systems
Knowledge of PowerBI, Microstrategy, and 09 MFP a plus

Responsibilities

Lead a team of retail planners in developing and executing divisional merchandise planning strategies.
Present merchandise financial plans and inventory strategy to senior leaders and create alignment among key stakeholders.
Manage all in-season revisions, forecasting to Merchandising Plans and Open-to-Buy for assigned area.
Set clear goals and targets for the divisional planning team, aligning with overall company objectives.
Oversee the development and maintenance of divisional merchandise assortments, ensuring alignment with customer demand, trends, and financial goals.
Analyze historical sales data, current trends, and customer behavior to inform future inventory levels and product mix.
Develop and monitor sales forecasts, adjusting plans as needed to optimize sales and minimize inventory risk.
Analyze total company sku productivity and cascade guidance to Planning Managers by division to support company goals.
Collaborate with buying and merchandising teams to ensure that the right products are available in the right quantities at the right time.
Develop and manage divisional merchandise budgets of $500M -$800M , ensuring alignment with financial targets and business objectives.
Monitor and analyze sales performance, inventory levels, and other key metrics to identify opportunities for improvement.
Work with cross-functional teams to develop pricing and promotional strategies that maximize profitability while meeting customer needs.
Provide leadership, coaching, and support to the divisional planning team, fostering a culture of collaboration, accountability, and continuous improvement.
Conduct meetings with Merchandising Planning team to communicate opportunities or risks to the plan and changes in strategy to maximize profits.
Build strong relationships with internal stakeholders, including buying, merchandising, allocation, and marketing teams, to ensure effective collaboration and alignment.
Serve as a key point of contact for senior leadership, providing regular updates on divisional merchandise planning strategies, performance, and results.