Manager, Allocations

Five Below; Philadelphia (Philadelphia County); On-site; USD 90,000 - 130,000; Full time

Job summary

Five Below is seeking an Inventory Manager to lead a team of analysts in developing allocation strategies driven by sales data and geographic factors. You will partner with Buying, Planning, and Visual Merchandising to execute seasonal set plans and ensure timely product allocations.

The role requires 4–7 years in inventory management, advanced Excel, and a track record of driving actionable insights through data. Strong collaboration skills and the ability to coach a growing team are essential.

Qualifications

• 4–7 years of experience in inventory management.
• Strong cross-functional collaboration and communication skills.
• Ability to delegate to a team and provide coaching and feedback.
• Advanced Excel skills; Power BI or Tableau experience is a bonus.

Responsibilities

• Guide analysts to develop allocation strategies based on sales data, geography, store size, and customer preferences.
• Lead the team with buying, planning, and visual merchandizing to plan seasonal sets and refresh allocations.
• Support seasonal strategies by ensuring correct product allocations at the right time.
• Monitor and adjust allocation strategies throughout seasons based on conditions.
• Oversee inventory performance reporting and collaborate with Data Science on dashboards.

Skills

Cross-functional collaboration

Delegation & coaching

Microsoft Excel

Power BI

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 27,000 associates 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 associate 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

• Guide team of analysts to develop allocation strategies based on influences such as historical sales data, geographic location, store size, and customer preferences
• Lead a team in partnering with buying, planning, visual to plan for seasonal set and refresh allocations
• Support the execution of seasonal strategies and marketed events by ensuring the allocations on the right product at the right time are done in a timely manner
• Monitor and adjust allocation strategies as necessary throughout seasons based on changing conditions

Inventory Analysis

• Evaluate opportunities and apply the necessary adjustments for upcoming seasons based on reviewing store sales performance, tracking sell-through rates
• Proactively identify and mitigate risks related to inventory management, such as overstocking, stockouts, or excess inventory write-offs
• Manage with cross functional partners slow-moving items and recommended actions to address these issues (hold in DC, markdown, floor placement moves)
• Review key performance metrics, highlighting areas for improvement and opportunity

Data Analysis And Reporting

• Review reporting on inventory performance and recommended strategy adjustments
• Oversee the partnership with Data Science team in building dynamic Power BI dashboards that fuel analysis and actions
• Help develop and deliver a story from large data sets to create an action plan accordingly

Communication, Collaboration, Team Development

• Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination
• Provide regular updates on allocation effectiveness throughout the season
• Support a collaborative, innovative, and results-oriented environment within your team and with a cross-functional partners
• Train, manage and develop team of analysts

Qualifications

• Minimum of 4-7 years of experience in inventory management
• Effective cross-functional collaboration and communication skills
• Ability to delegate to a team, and provide ongoing coaching, feedback, and performance evaluations
• Foster a positive work environment where you lead a team to success
• 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
• Able to formulate a point of view of the business and to summarize opportunities and strategies
• 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 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

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