Merchandise Planning Manager

MGM Resorts International

1d • Onsite

About The Position

The Senior Merchandise Planning Manager is responsible for managing the Merchandise Planning process for both pre-season budgets and in-season forecasting for retail metrics including sales, inventory levels, margins, receipts and markdowns.

Requirements

• Bachelor's Degree required
• 3+ Years of prior relevant experience required
• Experience with MS Word and Outlook (Intermediate level) required
• Advanced knowledge Internet, PowerPoint and databases required

Responsibilities

• Assists Executive Director with managing inventory plans from investments through allocation and execution, including ongoing reviews and updates
• Assists the Planning Managers in using top-down plans to develop pre-season plans by store/classification and store/vendor
• Reconcile bottom- up plans to the top-down plans as set by Executive Director of Planning and review and revise variances
• Reviews plans with Retail Store Operators and Retail Merchandising and assist with re-forecasting as needed
• Responsible for Open to Buy (OTB) process to ensure product flow will meet sales and margin objectives
• Manages all aspects of store and vendor replenishment, including vendor replenishment set up and schedules
• Reviews assortment plans/fixture plans by store to ensure open to buy (OTB) reconciliation and accurate allocation of product
• Oversee the markdown process to maximize gross margins and mitigate risk
• Executes the pricing and promotion strategies to drive incremental gross margin dollars
• Works with Planning Managers, Planners, and Buying teams to ensure timely seasonal transitions of merchandise
• Works with Distribution Center to convert monthly dollar budget into unit flow
• Partners with Retail Finance to prepare and execute monthly, quarterly, and seasonal business reviews
• Reviews P&L and analyze financial reports to determine actionable improvements as it relates to inventory and gross margins

Benefits

• Wellness incentive programs to help you stay healthy physically and mentally.
• Health & Income Protection benefits (for eligible employees).
• Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more.
• Free meals in our employee dining room.
• Free parking on and off shift.
• Healthcare, financial, and time off benefits.
• Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager