Merchandise Planner

Brooks Brothers; New York (NY); Hybrid; USD 70,000 - 90,000; Full time

Job summary

A leading retail company seeks a Merchandise Planner responsible for driving merchandise strategy and optimizing inventory. The role includes creating assortment architecture, financial planning, and collaborating across teams to achieve business objectives. A Bachelor's degree and 2-4 years of experience in merchandising are required.

Benefits

Health care benefits

401(k) plan with company match

Paid time off starting with 15 days

Employee discount program

Qualifications

• 2 to 4 years of experience in Merchandise Planning required.
• Advanced retail and price optimization knowledge essential.
• Ability to analyze financial information accurately and drive business.

Responsibilities

• Build financial sales, gross margin, and inventory plans at item level.
• Create pricing strategy to maximize sales and gross profit.
• Collaborate with cross-functional teams to ensure successful product strategies.

Skills

Analytical Skills

Collaboration

Problem-solving

Communication Skills

Education

Bachelor’s Degree

Tools

Excel

Financial Planning Applications

Job description

As a Merchandise Planner you will be responsible for driving the merchandise strategy and optimizing inventory to meet and exceed financial goals. The Merchandise Planner’s key focus is generating an assortment architecture for a given area and creating a seasonal buy plan by classification and/or item while developing seasonal product strategies based on business opportunities and collaborating with cross-functional partners to execute their vision.

The Merchandise Planner builds financial sales, gross margin and inventory plans for multiple departments at the item/classification level. Provides markdown strategies to drive departmental sales, inventory, profit and sell thru objectives and delivers in-season financial projections (OTB) and strategies identifying risks and opportunities to maximize profits. Responsible for providing the Store Planning Team with the necessary guidance and direction to help them achieve their objectives.

Position requirements:

• Build financial sales, gross margin and inventory plans at a weekly and item level

• Create pricing strategy by item that maximizes sales and gross profit

• Reforecast business in-season based on current performance, present revised projections and recommendations to cross functional partners and senior leadership

• Create allocation strategies, incorporating the merchandise plan and flow strategy to meet store inventory needs.

• Create and plan product assortments (item, color, size) for each product category

• Review replenishment plans monthly by style/size with team to ensure optimal inventory which drive sales and turn goals.

• Collaborate with cross functional departments to ensure success of product strategies

• Other related duties to be assigned by direct supervisor

• Frequent in person collaboration

Qualifications:

• Bachelor’s Degree

• 2 to 4 years experience in Merchandise Planning

• Advanced business knowledge of retail , merchandising and price optimization concepts

• Readily grasps numerical concepts and interprets financial information accurately

• Ability to utilize retail math skills to analyze and drive business

• Advanced excel skills necessary

• Knowledge of Financial Planning Applications (ie Arthur Planning, Foresight) -

• Ability to successfully collaborate with internal partners

• Strong problem solving and analytical skills

• Able to independently organize and prioritize broad workload to meet deadlines

• Strong written communication skills -Outstanding verbal communication skills with the ability to influence

• Exhibits high standards and accountability; takes pride in accuracy

• Results-oriented and self-motivated with a strong sense of urgency

• Travel may be required, based on business needs.

• Adhere to regular in-office presence, including to engage in in-person team interaction, meetings and collaboration. Job duties may be performed effectively using the hybrid work program designated by the company.

• Perform other duties as assigned by supervisor as the company retains the right to change duties to this position.

• Must have authorization to work in the United States.

Pay is based on several factors including but not limited to position offered and work experience. In addition to your salary, Catalyst Brands offers a benefits package, including health care (medical, prescription, dental, vision), company paid life insurance and long term disability, 401(k) plan with company match, paid time off programs starting with minimum 15-days based on role, overtime pay (if hourly), flexible work schedule, and a generous employee discount program (all benefits are based on eligibility). Additional information regarding the benefits for this position can be found here: https://sparcbenefits.com/Candidate-Benefits-Highlights

Reasonable Accommodation

The Company is committed to providing reasonable accommodation to enable qualified employees with disabilities to perform the essential functions of their jobs as required by the Americans with Disabilities Act (ADA).

Catalyst Brands is an equal opportunity employer. We value a culture of inclusion and diversity within our workforce, and are committed to maintaining a workplace free from prohibited employment conduct, including discrimination or harassment on the basis of race, color, national origin, sex, age, religion, disability, genetic information, sexual orientation, gender identity or expression, marital status, domestic partner status, civil partnership, status as a covered veteran, status in the Uniformed Services of the United States, citizenship and any other characteristic protected by law (“Protected Characteristics”).

Physical Requirements

• Ability to safely and successfully perform the essential job functions consistent with the ADA, FMLA and other federal, state and local standards.
• Ability to maintain regular and timely attendance consistent with the ADA, FMLA and other federal, state and local standards.
• Ability to remain in a stationary position for up to 8 hours per day
• Ability to constantly operate a computer, other office equipment and look at a monitor for up to 8 hours per day
• Ability to clearly and accurately communicate and exchange information verbally, in writing, or through other means in person, telephonically, or through virtual communication methods
• Ability to reach at or below shoulder level
• Ability to carry equipment, move boxes/samples, etc.