Inventory Analyst, Store Projects

Five Below • Philadelphia, PA

1d

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! Position: Inventory Analyst, Store Projects DEPARTMENT: Planning & Allocation Report To: New Store Inventory Manager Overview: We are looking for an analytical and detail oriented individual to join the New Store Inventory team as an Inventory Analyst who specializes in the hyper-focused pillar of store growth. In this role you’ll be a key stakeholder in the growth of Five Below by managing optimal inventory levels amongst multiple product categories and store variations. This role works closely with a multitude of cross-functional partners including Planning, Buying, Visual Merchandising, and Store Operations to align on correct inventory strategies to drive sales and maximize inventory turn. To be a successful inventory analyst, you should be able to work in a fast-paced environment, manipulate and interpret large data sets, and communicate key takeaways that apply to your everyday workstream. You’re also resourceful and collaborative with excellent communication skills, strong retail math, analytical and excel skills.

Requirements

• Minimum of 2 years experience in an inventory management, store operations role, or a similar role
• Must have a bachelor’s degree
• Must have advanced Microsoft Excel skills including but not limited to: Pivot Tables, V-lookup, Index Match, Nested-If Statements, etc.
• Must have strong analytical skills
• Willing and able to learn and grow in a fast-paced environment, works well under pressure
• Excellent communication skills (both written and verbal)
• Strategic thinking and active listening skills
• Must be organized, detail-oriented, and able to work independently

Nice To Haves

• Prior retail experience is a plus
• Experience with JDA, RMS/Oracle, and/or Business Intelligence is a plus
• Power BI experience is a plus

Responsibilities

• Responsible for timely and accurate allocation of merchandise to store projects that include, but are not limited to, new store openings, store expansions, and store remodels
• Differentiate strategy based on store size, layout, and product availability to ensure full presentation
• Analyze sales performance to identify any change in trends and apply findings to future strategy
• Meet regularly with Visual Merchandising, Buying and Planning partners to identify opportunities and risks in inventory levels
• Keep open line of communication with Store Operations to elicit feedback on product levels on a store-by-store basis
• Develop a story from large data sets to create an action plan from what the data is telling you
• Adapt quickly to new allocations timelines based on changes to overall company strategy
• Tailor allocations based on varying inventory positions across multiple warehouses
• Partner with Data Science team to help transform manual data sets into dynamic PowerBI dashboards that fuel analysis and deliberate changes

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees