Merchandise Planner - 4 positions available!

David; King of Prussia (PA); On-site; USD 70,000 - 95,000; Full time

Job summary

David's Bridal is seeking a Merchandise Planner in King of Prussia, PA. You will partner with management and buying to set seasonal sales, margin, and inventory targets, and manage the open-to-buy process to achieve ROI goals.

Responsibilities include in-season adjustments, pricing and promotions guidance, and liaising between buying and demand planning teams. The role requires 3+ years in merchandise/demand planning, a Bachelor's degree (or 1-2 years related experience), and strong analytics

Qualifications

• Bachelor's Degree or 1-2 years of related experience.
• 3+ years in merchandise/demand planning.

Responsibilities

• Manage monthly open to buy and advise on inventory metrics and promotions.
• Provide pre-season inventory recommendations including assortment gaps and product mix.
• Make in-season recommendations on pricing, promotions, and inventory flow.
• Analyze ROI of styles/SKUs and optimize markdowns and liquidations.
• Act as liaison between buying and demand planning teams and stop production on under-performing SKUs.

Skills

Analytical skills

Relationship building

Microsoft Office

Education

Bachelor's degree or equivalent

Job description

The Merchandise Planner works in close partnership with the management team and the buying team to set seasonal divisional merchandise sales, margin, and inventory parameters and manage the business to achieve sales, turn, and return-on-investment goals. This position synthesizes her/his knowledge of David's Bridal business and open to buy metrics to make pre-, in, and post-season sales plan and inventory management recommendations/decisions. The Merchandise Planner manages the seasonal open to buy, advises the buying team on inventory levels, and controls merchandise flow.

Essential Functions:

• Responsible for managing monthly open to buy, advise demand planner and buying team on inventory metrics, sales, margin, inventory and promotional changes.
• Make pre-season inventory management recommendations including assortment gaps, liquidations candidates, mix of novelty/fashion, and benchmarks for productivity.
• Make in-season recommendations/decisions on business approaches, including pricing, sales driving promotions, and inventory flow remediation.
• Analyze and provide recommendations on cost benefits of assortment expansions, changes, in pricing or promotional strategies, special programs, vendor diversification, and company-wide expansion of inventory.
• Define inventory, in partnership with buying team, that will achieve sales plan. Analyze and make recommendations on return on investment of styles/SKUs. Optimize markdowns and liquidations on underperforming merchandise. Provide analytical support on new and discontinued product sales variances from replenishment output in season. Act as liaison between buying team and demand planning team. Make decision to stop production or orders of under-performing styles/SKUs.
• Provide strong point of view in sales projection reviews with cross functional teams.
• Other duties as assigned.

Education:

• Bachelor's Degree or 1-2 years of related experience.

Work Experience:

• 3 or more years in merchandise/demand planning.

Skills and Abilities:

• Strong analytical skills.
• Relationship Building.
• Proficient in Microsoft Office.

Travel Requirements:

• Minimal Travel Required 1-2 times per year.