Manager, Allocations

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

Minimum of 4-7 years of experience in inventory management
Effective cross-functional collaboration and communication skills
Ability to delegate to a team, and provide ongoing coaching, feedback, and performance evaluations
Foster a positive work environment where you lead a team to success
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
Able to formulate a point of view of the business and to summarize opportunities and strategies
Advanced Microsoft Excel skills and ability to learn systems quickly.

Nice To Haves

Power BI or Tableau experience a bonus

Responsibilities

Guide team of analysts to develop allocation strategies based on influences such as historical sales data, geographic location, store size, and customer preferences
Lead a team in partnering with buying, planning, visual to plan for seasonal set and refresh allocations
Support the execution of seasonal strategies and marketed events by ensuring the allocations on the right product at the right time are done in a timely manner
Monitor and adjust allocation strategies as necessary throughout seasons based on changing conditions
Evaluate opportunities and apply the necessary adjustments for upcoming seasons based on reviewing store sales performance, tracking sell-through rates
Proactively identify and mitigate risks related to inventory management, such as overstocking, stockouts, or excess inventory write-offs
Manage with cross functional partners slow-moving items and recommended actions to address these issues (hold in DC, markdown, floor placement moves)
Review key performance metrics, highlighting areas for improvement and opportunity
Review reporting on inventory performance and recommended strategy adjustments
Oversee the partnership with Data Science team in building dynamic Power BI dashboards that fuel analysis and actions
Help develop and deliver a story from large data sets to create an action plan accordingly
Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination
Provide regular updates on allocation effectiveness throughout the season
Support a collaborative, innovative, and results-oriented environment within your team and with a cross-functional partners
Train, manage and develop team of analysts