Ensure creation of merchandise plans for all department/category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by the buyer.
Maximise Sales and profitability for the Concept
Determine high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets.
Discuss, decide and freeze the concept merchandise strategic plans around the following factors
Financials (Sales, Stock, Forward Cover etc)
Store (Sub-group level Sales, Allocation, Replenishment etc)
Assortment (Style, Price, Brand, Supplier etc)
Building working relationships with Store managers & identifying their needs, providing information on key factors such as last pieces, items not selling, discontinued lines etc & allowing freshness into the stores.
Prepare & Monitor Reports on Performance of Dept./Class/Subclass (where Applicable) to identify any exceptions to Sales, Stockholdings, Forward Covers, Inflows and propose actions on out of line situations to the Planners/Buyers monthly with action to be taken.
Visit warehouses and Stores on an agreed frequency to monitor Orders arrival into warehouse and ensure items are being displayed in the correct quantities where store planograms /Matrices have space/need (Daily)
Skill
Must have 3-4 years of relevant experience in retail. Home & Furniture Industry preffered
Good knowledge of Merchandise planning and analytics
Good knowledge of Retail Industry and products
Experienced in using planning applications to execute the planning role.
Planning and organizing skills.
Analytical skills
Good knowledge of MS Office