Inventory Analyst

Five Below•Philadelphia, PA

4d•Onsite

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! This role requires a keen understanding of inventory management, market trends, and customer behavior to ensure the right products are available in the right stores at the right time. You will manage the distribution of inventory to maximize the likelihood of sales and sell-through while considering strategic objectives such as store priority. The ideal candidate will have a strong background in inventory management, excellent organizational and communication skills, and the ability to thrive in a fast-paced, dynamic environment.

Requirements

Bachelor’s degree in Supply Chain Management, Business, Finance, Data Analytics, or related field required.
Minimum of 1-2 years of experience in inventory management
Effective cross-functional collaboration and communication skills
Ability to analyze data and provide actionable feedback
A strong problem-solving skillset
Capable of prioritizing workload in a fast paced and dynamic environment
Sense of urgency and excitement to be a part of a high-growth retail environment
Advanced Microsoft Excel skills and ability to learn systems quickly.
Must be Philadelphia-based for in-office requirements

Nice To Haves

Power BI or Tableau experience a bonus

Responsibilities

Oversee businesses with 500-1,000+ SKUs, driving up to $200M annually
Develop and maintain demand forecasts by analyzing historical sales trends, seasonal patterns, and market drivers
Monitor forecast accuracy, identify variances, and recommend corrective actions to improve results
Contribute to process improvements by identifying opportunities for automation, enhanced forecasting models, and best practices
Coordinate with buying, planning, visual to plan for seasonal set and refresh allocations and align demand forecasts with business objectives
Optimize the allocation of products to prevent stockouts and reduce excess inventory at end of season or product life cycle
Review the allocation of merchandise to warehouses and stores based on demand forecasts, sales trends, and optimal inventory levels
Support the execution of seasonal strategies and marketed events by allocating the right products to stores and online channels as per the marketing and merchandising plans
Monitor store sales performance, tracking sell-through rates.
Review opportunities with manager and align on the necessary adjustments for upcoming seasons
Collaborate with manager to identify slow-moving items and recommend actions to address these issues (hold in DC, markdown, floor placement moves)
Prepare reports, dashboards, and presentations to communicate forecast performance and inventory insights to leadership.
Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination
Partner with your manager to provide regular updates on allocation effectiveness throughout the season with your cross-functional partners
Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels