Sr. Analyst Everyday Pricing Home

Target•Minneapolis, MN

3d•$71,000 - $128,000•Hybrid

About The Position

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here. A role with the Pricing & Promotion Center of Excellence (PPCOE) means you’re on a mission with merchants to develop enterprise-wide pricing and promotion strategies. Your work will impact millions of dollars in the form of everyday retail prices, promotional strategy and effectiveness, clearance management and competitive pricing. Here, you’ll be a key business consultant to merchants and develop relationships with buyers, senior buyers and leaders. Your strong partnership with Marketing will bring offers to life for guests, and you’ll also work closely with Store Operations, Finance and other key support areas. As an Everyday Pricing Insights Analyst in Target’s Pricing & Promotions Center of Excellence, you play an integral role working beside buyers, planners, and promotional planning teams. You will own the pricing decisions for a set of categories and develop pricing insights by assessing competitive, financial and guest data relating to our pricing performance. You will activate against these insights with a broad set of partners including our Pricing Strategy teams, Global Pricing Operations, Data Sciences, and Product teams, across the Pricing & Promotions COE, in addition to partnering with core Merchandising teams. You will bring these insights to life in the following ways: Own pricing decisions and investment opportunities for a set of categories within businesses in Home. Regularly review your category’s price position in the marketplace with buyers, planners, and promo planning teams. Weekly assessment and response to changes in the competitive and business environments to ensure that Target maintains strong everyday price position. Market intelligence summaries of strategic pricing changes implemented by key competitors Maintain a Pricing Playbook for each division, key seasons, and bring data-driven recommendations that improve our future price position and/or financial results. Delivery of objectives tied to captainships which improve the performance of the global Everyday Pricing and Competitive Retail Intelligence teams Lead weekly competitive promo and pricing routines for top sales driving items in key seasons. To achieve these goals, you will engage in several activities including, but not limited to: Influence pricing outcomes by building strong, trusted relationships with merchants, strategy & planning teams, pricing product teams, and operations. Developing and prioritizing action plans to improve KPI metrics via a blend of short-term countermeasures and long-term solutions Using domain expertise to determine the most effective data sources to improve pricing performance, inclusive of multiple internal reporting tools, 3rd party insights platforms, or acquisition of data through field studies Using economic and pricing strategies to improve gross margin performance and price perception Creating compelling problem statements and business cases to support and advance our pricing strategy Assessing and balancing stakeholder interests in managing price competitiveness vs gross margin Providing subject matter expertise on pricing capabilities

Requirements

4-year degree or equivalent work experience
2-5 years of professional work experience
Demonstrated peer leadership and decision-making skills
Ability to influence others through data and insights
Strong interpersonal skills and ability to maximize relationships
Strategic orientation and comfort with ambiguity
Strong data analysis skills
Ability to manipulate data in Excel
Strong financial acumen
Self-starter, ability to work independently

Nice To Haves

Understanding of Merchandising Product Lifecycle or prior experience on a merchandising team
Microeconomic and Pricing concepts in theory and application

Responsibilities

Own pricing decisions and investment opportunities for a set of categories within businesses in Home.
Regularly review your category’s price position in the marketplace with buyers, planners, and promo planning teams.
Weekly assessment and response to changes in the competitive and business environments to ensure that Target maintains strong everyday price position.
Market intelligence summaries of strategic pricing changes implemented by key competitors
Maintain a Pricing Playbook for each division, key seasons, and bring data-driven recommendations that improve our future price position and/or financial results.
Delivery of objectives tied to captainships which improve the performance of the global Everyday Pricing and Competitive Retail Intelligence teams
Lead weekly competitive promo and pricing routines for top sales driving items in key seasons.
Influence pricing outcomes by building strong, trusted relationships with merchants, strategy & planning teams, pricing product teams, and operations.
Developing and prioritizing action plans to improve KPI metrics via a blend of short-term countermeasures and long-term solutions
Using domain expertise to determine the most effective data sources to improve pricing performance, inclusive of multiple internal reporting tools, 3rd party insights platforms, or acquisition of data through field studies
Using economic and pricing strategies to improve gross margin performance and price perception
Creating compelling problem statements and business cases to support and advance our pricing strategy
Assessing and balancing stakeholder interests in managing price competitiveness vs gross margin
Providing subject matter expertise on pricing capabilities

Benefits

Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.
Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.
Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

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