Planner - Off Price (Hybrid) (New York Office)
About The Position
The role of the Off-Price Planner is to maximize gross margin dollars & inventory productivity by providing the overall financial direction of a category or department(s). The Off-Price Planner is accountable for the development and implementation of merchandise plans by focusing on inventory, clearance, and opportunistic buys. Off-Price Planners are primarily responsible for developing seasonal merchandise financial plans, pricing strategies and assortment optimization. Off-Price Planners also work with Buyers in assortment and buy planning by facilitating layering of assortments and validating the profitability of purchases. In-season, Off-Price Planners provide in-depth analysis of product performance and make recommendations to maximize business opportunities. The Off-Price Planner will forecast sales and stock needs by monitoring inventory and establishing pricing and discount strategies.
Requirements
- Works effectively with staff and Divisional/BSS management to achieve sound financial and merchandising solutions based on analysis, input and experience
- 4-6 years retail experience required
- 1-3 years merchandise or financial planning required
- Ability to work in a fluid, fast paced environment
- Demonstrates strong analytical and problem solving skills
- Highly organized and able to multitask
- Builds and maintains productive relationships with peers, merchant team and allocation team
- Demonstrates leadership and decision-making skills
- Takes calculated risks to achieve result
- Demonstrates strong listening, written and oral communication skills
- Analyzes business to adapt to unpredictable stock levels and opportunistic buys
- Reacts to business trends in a timely and efficient manner
- Adapts to shifting circumstances in a business environment
- Able to translate strategy into tactical, well-developed financial plans
- Able to think strategically and provide financial direction for future business opportunities
- Maintains professionalism in work relationships and habits
- Develops creative solutions to business issues
- Communicates effectively with stores and vendors
- Proficient in Excel and Microsoft office suite of products and business related software
Responsibilities
- Develop and execute merchandise financial plans that support the merchandise strategies while achieving corporate financial goals both for the short term (seasonal) and long term (multi-year).
- Develop inventory plans that deliver quick product turnover without long-term commitment while adjusting strategies based on market fluctuation and inventory availability.
- Optimize profitability by setting competitive price points in a highly competitive market
- Analyzes business to the lowest level to identify opportunities in sales, inventory and margin by store, department, and class
- Develop the assortment plan and the initial buy plan through use of hind sighting and profitability tools
- Lead Monthly Forecast process to manage business in season and maximize opportunities through product lifecycle management
- Leverages open-to-buy process to manage business in-season and maximize opportunities
- Collaborate with Buying Partner and Allocation Team to reconcile merchandise and by-door strategies with store level opportunities
- Build and maintain strong relationships with Buying Partner and vendors, while building a presence with new and existing vendors within the outlets and company
- Travels to all necessary work related trips, i.e. markets and store trips
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
