Merchandise Planner

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 20,000 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

3-5 years of experience in a retail or wholesale environment, including 2-3 as a planner
Bachelor’s Degree
Demonstrated retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures
Excellent communication and collaboration skills to work with peers and partners
Demonstrated organizational skills with an attention to detail
Adaptable to feedback and pivot based on changing organizational priorities.
Demonstrated ability to work under pressure to meet deadlines while maintaining positive attitude
Resourceful with the ability to prioritize, problem-solve, and make decisions
Advanced proficiency in Excel, Word, and PowerPoint

Nice To Haves

Knowledge of PowerBI , Microstrategy , 09 MFP, and Oracle RMS a plus

Responsibilities

Merchandise Financial Planning: Leverage corporate financial targets to develop seasonal sales, inventory, and margin plans by Department-Classification and store groups
Assortment Planning: Determine style-color and depth targets by attribute and store group for each area of business to support product selection in market
Manage SKU & style intensive category
Manage location intensive assortments
Demand Planning: Develop sales forecasts and buy quantity estimates to determine the appropriate inventory levels for each product considering factors such as lead times, seasonality, and turn targets to optimize inventory investment
Open-to-Buy Management: Manage the open-to-buy (OTB) budget for a category of business, $ 50-1 50M, to ensure inventory investment funds sales and margin plans, adjusting as necessary
Inventory Managemen t: Manage inventory levels and receipts to ensure optimal stock vs. sales levels, monitoring in season to minimize stockouts and overstocks
Markdown and End-of-life Management: Manage markdown and MOS budgets to balance inventory ownership and margin objectives
Collaborate with key partners to identify pricing and liquidation opportunities to manage the transition of products
Analyze sales performance and make recommendations for pricing adjustments, promotions, and markdowns to optimize profitability
Performance Analysis: Analyze sales, inventory, and margin performance to assess the effectiveness of merchandising strategies and identify areas for improvement, providing insights and recommendations to Buyers for optimizing assortment and inventory levels
Leverage weekly business insights to understand item level performance to maximize in season opportunities, minimize liability, and inform future seasons
Generate regular reports and analysis to provide insights into sales, inventory, and profitability metrics to senior management
Test multiple business strategies simultaneously, quantifying & communicating business impacts and be able to report results clearly and concisely to Executive management
Leadership: Create and maintain alignment among peers on merchandising and allocation teams on forecast changes and inventory strategies
Participate in regular meetings and strategic discussions to provide input on merchandise planning strategies