Associate Merchandise Planner, LOFT

LOFT; New York (NY); Hybrid; USD 66,000 - 75,000; Full time

Benefits offered by this job

Merchandise discount

Career mobility

Volunteer opportunities

Medical insurance

Dental insurance

Vision insurance

401(k)

EAP

Paid time off

Job summary

LOFT in New York, NY is seeking an Associate Planner to build financial sales, gross margin and inventory plans for departments across channels. You will leverage analytics to drive client-focused decisions that optimize sales, margin and turnover.

In partnership with your manager, you will manage merchandise inventory positions, markdown strategies, and provide in-season projections to maximize profits. The role requires 2–4 years in retail planning or analysis, a Bachelor's degree, strong math

Qualifications

• 2-4 years of retail buying, planning or financial analysis experience.
• Bachelor’s degree, or equivalent.
• E-Commerce experience is strongly preferred.
• Results driven; strategic, conceptual, and innovative thinker.
• Expert command of retail math concepts, applications, and statistical analysis.
• Strong communication skills and ability to work cross-functionally.

Responsibilities

• Develop financial sales, gross margin and inventory plans for departments across channels.
• Use analytics to drive client-focused business decisions to achieve sales, margin and turnover goals.
• Manage merchandise inventory positions and markdown strategies to maximize profitability.
• Provide in-season financial projections and identify risks and opportunities.
• Collaborate with cross-functional teams and leadership to support seasonal objectives.
• Present seasonal item plans and communicate division-level financial merchandising plans.

Skills

Analytical skills

Communication skills

Team collaboration

Retail forecasting

Education

Bachelor's degree or equivalent

Tools

Microsoft Office

Excel

Job description

About usLOFT creates modern, feminine, versatile clothing for women with one common style goal: to look and feel confident wherever the day takes them. We empower women to find their authentic self-expression because feeling like yourself is always in style.Here at LOFT, we're busy styling the careers and supporting the lives of everyday optimists just like you. Express your authentic self and experience endless inspiration, all while enjoying the opportunities and benefits that help you get the most from your career, life, and wardrobe.About the roleThe Associate Planner, LOFT builds financial sales, gross margin and inventory plans for departments in a given area at a multichannel level. The Associate Planner will also use analytics to make client focused business decisions to achieve sales, margin and turn across both channels. In partnership with their manager, this person will manage and plan merchandise inventory positions and markdown strategies to drive departmental sales, inventory, profit and turnover objectives. Provides in-season financial projections and strategies. Identifies risks and opportunities to maximize profits. Contribute to projects resulting in improved departmental systems and efficiencies. The impact you can haveDevelop, consolidate, and communicate a comprehensive pre-season planning strategy for cross channel inventory movement that identifies opportunities and risks.Reforecast business in-season based on current performance, present revised projections and recommendations to cross-functional partners and senior leadership.Ensure that each channel is planned and managed at appropriate growth rates and inventory is proactively managed.Provide Merchants with analytics to support assortment decisions by channel and develop promotional and markdown strategies to maximize profitability and sales.Analyze promotional effectiveness and make future recommendation.Participate in all aspects of line building process with Merchandising Lead or participate in department projects to improve systems or efficiencies.Partner with cross-functional teams to communicate division level financial merchandising plans that support the seasonal financial objectives.Strategize, develop, and present seasonal key item plans that support sales and GM goals for stores and .com.Identify and communicate potential inventory liabilities and drive appropriate actions to resolution.Participate in developing processes that build efficiencies and streamline work streams.Use retail financial measurements to evaluate short-term and long-term impacts of business decisions.Analyze quarterly hindsight.You'll bring to the role2-4 years of retail buying, planning or financial analysis experience.Bachelor’s degree, or equivalent.E-Commerce experience is strongly preferred.Results driven; strategic, conceptual, and innovative thinker.Expert command of retail math concepts, applications, and statistical analysis.Possess strong communication skills to partner effectively with cross-functional partners.Ability to develop realistic work plans, goals, and schedules.Detail oriented, with excellent follow-through skills.Strong analytical, verbal, and written communication skills.Ability to work productively in a team environment.Proficient in Microsoft Office applications.BenefitsYou will be eligible to receive a merchandise discount at select KnitWell Group brands, subject to each brand’s discount policies.Support for your individual development plus opportunities for career mobility within our family of brands.A culture of giving back – local volunteer opportunities, annual donation and volunteer match to eligible nonprofit organizations, and philanthropic activities to support our communities.Medical, dental, vision insurance & 401(K).*Employee Assistance Program (EAP).Time off – paid time off & holidays.*The target salary range for this role is: $65,500 - $75,000Any job offer will consider factors such your qualifications, relevant experience, and skills. Eligibility of certain benefits and associate programs are subject to employment type and role.Hybrid: This position works in a hybrid model, with 3 to 4 days per week worked in the New York City office.Applicants to this position must be authorized to work for any employer in the US without sponsorship. We are not providing sponsorship for this position.#LI-LL1Location:Times Square Tower-ANN-New York, NY 10036Position Type:Regular/Full timeEqual Employment OpportunityThe Company is an equal opportunity employer and welcomes applications from diverse candidates. Hiring decisions are based upon a candidate's qualifications as they relate to the requirements of the position under consideration and are made without regard to sex (including pregnancy), race, color, national origin, religion, age, disability, genetic information, military status, sexual orientation, gender identity, or any other category protected by applicable law. The Company is committed to providing reasonable accommodations for job applicants with disabilities. If you require an accommodation to perform the essential duties of the position you are seeking or to participate in the application process, please contact [e-mail]. The Company will make reasonable accommodations for otherwise qualified applicants or employees, unless such accommodations would impose an undue hardship on the operations of the Company’s business. The Company will not revoke or alter a job offer based on an applicant’s request for reasonable accommodation.