Merchandise Planner

Five Below; Philadelphia, Northern (Philadelphia County, KY); Hybrid; USD 70,000 - 95,000; Full time

Job summary

Five Below is hiring a Merchandise Planner in Philadelphia to develop seasonal plans, forecasts, and assortments that align with corporate targets. The role focuses on inventory efficiency, margin optimization, and proactive merchandising decisions in a dynamic discount retail environment.

You will work in a hybrid setting with cross-functional collaboration to drive profitable growth while managing OTB budgets and inventory levels for multiple departments.

Qualifications

• 3-5 years of experience in a retail or wholesale environment, including 2-3 as a planner.
• Bachelor’s degree required.
• Strong retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures.

Responsibilities

• Develop seasonal sales, inventory, and margin plans by department and store group.
• Determine style-color targets and assortments to support product selection in market.
• Forecast sales and buy quantities to optimize inventory levels.
• Manage open-to-buy (OTB) budgets of $50-150M to align investments with sales plans.
• Oversee inventory levels and receipts to minimize stockouts and overstocks.
• Analyze sales and inventory performance and provide recommendations to optimize profitability.
• Collaborate with Buyers and partners to adjust pricing, promotions, and markdowns as needed.

Skills

Retail math

Business acumen

Communication

Collaboration

Organizational skills

Problem solving

Education

Bachelor’s degree

Tools

Excel

Word

PowerPoint

PowerBI

MicroStrategy

Oracle RMS

09 MFP

Job description

## Merchandise PlannerApply: Hybrid: Philadelphia, PA 19106: Full time: Posted Today: JR94925At 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!**RESPONSIBILITIES****Merchandise Financial Planning:*** Leverage corporate financial targets to develop seasonal sales, inventory, and margin plans by Department-Classification and store groups**Assortment Planning:*** Determine style-color and depth targets by attribute and store group for each area of business to support product selection in market* Manage SKU & style intensive category* Manage location intensive assortments**Demand Planning:*** Develop sales forecasts and buy quantity estimates to determine the appropriate inventory levels for each product considering factors such as lead times, seasonality, and turn targets to optimize inventory investment**Open-to-Buy Management:*** Manage the open-to-buy (OTB) budget for a category of business, $50-150M, to ensure inventory investment funds sales and margin plans, adjusting as necessary**Inventory Managemen**t:* Manage inventory levels and receipts to ensure optimal stock vs. sales levels, monitoring in season to minimize stockouts and overstocks**Markdown and End-of-life Management:*** Manage markdown and MOS budgets to balance inventory ownership and margin objectives* Collaborate with key partners to identify pricing and liquidation opportunities to manage the transition of products* Analyze sales performance and make recommendations for pricing adjustments, promotions, and markdowns to optimize profitability**Performance Analysis:*** Analyze sales, inventory, and margin performance to assess the effectiveness of merchandising strategies and identify areas for improvement, providing insights and recommendations to Buyers for optimizing assortment and inventory levels* Leverage weekly business insights to understand item level performance to maximize in season opportunities, minimize liability, and inform future seasons* Generate regular reports and analysis to provide insights into sales, inventory, and profitability metrics to senior management* Test multiple business strategies simultaneously, quantifying & communicating business impacts and be able to report results clearly and concisely to Executive management**Leadership:*** Create and maintain alignment among peers on merchandising and allocation teams on forecast changes and inventory strategies* Participate in regular meetings and strategic discussions to provide input on merchandise planning strategies**QUALIFICATIONS*** 3-5 years of experience in a retail or wholesale environment, including 2-3 as a planner* Bachelor’s Degree* Demonstrated retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures* Excellent communication and collaboration skills to work with peers and partners* Demonstrated organizational skills with an attention to detail* Adaptable to feedback and pivot based on changing organizational priorities.* Demonstrated ability to work under pressure to meet deadlines while maintaining positive attitude* Resourceful with the ability to prioritize, problem-solve, and make decisions* Advanced proficiency in Excel, Word, and PowerPoint* Knowledge of PowerBI, Microstrategy, 09 MFP, and Oracle RMS a plusMust be Philadelphia based or willing to relocate.