Product Development Manager

MGM Resorts International

2d • Onsite

About The Position

The Retail Product Development Manager will communicate and execute retail product development strategies and initiatives for achieving sales and financial objectives in support of property and corporate retail financial goals. This position will be responsible for evaluating industry trends alongside property specific needs when developing new products and refining existing products. All duties are to be performed in accordance with departmental and MGM Resorts policies, practices and procedures.

Requirements

• Bachelor's Degree required
• 2+ Years of Prior Relevant Retail buying experience or equivalent field

Responsibilities

• Oversees day to day operational aspects of product development projects that vary in scope and complexity and evaluates technical feasibility and design optimization of products and programs.
• Manages and coordinates product development projects; manages communication through multiple phases of the product cycle with corporate and property leadership.
• Maximizes all opportunities to create products that are unique and individualized for properties/segments.
• All product development projects to consider core, luxury and ultra-luxury properties.
• Evaluates industry trends, innovation, customer brand guidelines, regulations, and business objectives to pursue profitable products.
• Analyzes historic data, trends, product assortment, and competition to make recommendations and develop the product development strategy.
• Identifies changing market trends and makes recommendations to ensure competitive advantage.
• Develops target customer profile for property segments through market data, competitive shopping analysis and business trends.
• Provides product recommendations based on trend and market data to property leaders and creates a compelling assortment that will meet financial targets and support property and corporate brand objectives.
• Identifies and evaluates vendors based on their alignment with product technical specifications.
• Negotiates exclusive offerings, terms, pricing, vendor funded markdowns, return-to-vendor agreements, drop-ship programs.
• Participates in the development of the vendor matrix for multiple categories.
• Evaluates current state of business to manage inventory in season; including driving markdowns and exit strategy in collaboration with corporate and property leadership.
• Analyzes current business to identify business opportunities and in-season risks.
• Develops and maintains effective working relationships with members of cross-functional teams and influences to achieve results.
• Leads, mentors and trains junior team members; makes performance recommendations as appropriate.

Benefits

• Wellness incentive programs to help you stay healthy physically and mentally
• 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 parking on and off shift
• Health & Income Protection benefits (for eligible employees)
• 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: Mid Level