Allocations Analyst

1616 Holdings Inc; Philadelphia (Philadelphia County); On-site; USD 60,000 - 80,000; Full time

Job summary

Five Below is seeking an Inventory Allocation & Planning professional to manage seasonal SKU allocations, optimize stock across stores and DCs, and partner with Buying, Planning, Visual Merchandising and Supply Chain to drive high service levels.

You will analyze store performance, identify slow movers, and develop allocation reports. Proficiency in Excel and Power BI help transform data into actionable recommendations in a fast-growing retail environment.

Qualifications

• 1-2 years of inventory management experience.
• Strong collaboration and communication skills.
• Advanced Excel and data analysis; knowledge of Power BI/Tableau is a bonus.

Responsibilities

• Seasonal allocation and planning for 500–1,000 SKUs, driving up to $200M annually.
• Monitor store sales performance, identify slow-moving items and adjust allocations.
• Generate allocation reports and partner with Data Science to build Power BI dashboards.
• Collaborate cross-functionally with Buying, Planning, Visual Merchandising and Supply Chain.

Skills

Cross-functional collaboration

Data analysis

Excel

Power BI

Tableau

Tools

Power BI

Tableau

Job description

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 35,000 crew members who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every crew member believes in. It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

JOB RESPONSIBILITIES:

• Seasonal Allocation and Planning: Oversee businesses with 500-1,000 SKUs, driving up to $200M annually Coordinate with buying, planning, visual to plan for seasonal set and refresh allocations Optimize the allocation of products to prevent stockouts and reduce excess inventory at end of season or product life cycle Review the allocation of merchandise to warehouses and stores based on demand forecasts, sales trends, and optimal inventory levels Support the execution of seasonal strategies and marketed events by allocating the right products to stores and online channels as per the marketing and merchandising plans.
• Inventory Analysis: Monitor store sales performance, tracking sell-through rates. Review opportunities with manager and align on the necessary adjustments for upcoming seasons Collaborate with manager to identify slow-moving items and recommend actions to address these issues (hold in DC, markdown, floor placement moves) Generate and maintain allocation reports, highlighting key performance metrics for your manager.
• Data Analysis and Reporting: Generate reporting on inventory performance Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes.
• Communication and Collaboration: Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination Partner with your manager to provide regular updates on allocation effectiveness throughout the season Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels.

QUALIFICATIONS:

• Minimum of 1-2 years of experience in inventory management
• Effective cross-functional collaboration and communication skills
• Ability to analyze data and provide actionable feedback.
• A strong problem-solving skillset
• Capable of prioritizing workload in a fast paced and dynamic environment
• Sense of urgency and excitement to be a part of a high-growth retail environment
• Advanced Microsoft Excel skills and ability to learn systems quickly.
• Power BI or Tableau experience a bonus

Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcome

Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.

Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new

Five Below is a leading growth retailer offering trend-right, extreme value, high-quality products loved by the kid and the kid in all of us. We believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced between $1 and $5 and some extreme-value items priced beyond $5, Five Below makes it easy to say YES! to the newest, coolest stuff across awesome Five Below worlds: Candy, Style, Party, Room, Create, Tech, Sports, and New & Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 1,900 stores in 46 states.