Merchandise Planner, Beauty

Victoria’s Secret & Co.; New York (NY); On-site; USD 99,800 - 135,240; Full time

Job summary

Victoria’s Secret & Co. in New York seeks a Merchandise Planner for the Beauty business, focused on translating merchant vision into profitable sales, inventory and margin plans.

You will partner with merchants, demand and space planning to develop seasonal assortments, pricing, and promotional strategies while maintaining inventory turns. Minimum qualifications include a Bachelor's degree and 5–7 years in vertical beauty retail or planning, with strong analytical and Excel skills.

Qualifications

• Bachelor's degree required.
• 5-7 years relevant work experience.
• Vertical Beauty retail experience and/or assortment/attribute planning experience a plus.
• Strong problem-solving and analytical skills; strong aptitude with numbers; retail math skills.
• Ability to advance to high levels of computer literacy; exposure to planning, finance, analytical, data management systems (e.g., JDA Enterprise Software).
• Strong Excel skills; ability to read, adopt and build dynamic reporting.
• Able to synthesize large quantities of data to drive business decisions.
• Strong business acumen and ability to make sound decisions when information is limited.

Responsibilities

• Develop assortment plans for sales, margin and inventory to the style/choice level by store groupings.
• Partner with merchants to create and maintain a seasonal theme-based assortment list and volume targets by store grouping.
• Identify and propose initial and promotional pricing structures to drive topline season goals.
• Participate in consensus planning with demand planner to drive to one number sales plan and event recommendations.

Skills

Excel

Data analysis

Analytical skills

Retail math

Cross-functional

Communication

Education

Bachelor's degree

Tools

JDA Enterprise Software

Job description

Why You Belong Here At Victoria’s Secret & Co, you’ll join a world-leading specialty retail brand recognized globally for innovation and excellence in lingerie and fashion. You’ll work alongside industry leaders to set the standard for what a retail brand can achieve, placing customers at the center of everything we do to create products and experiences that bring them joy. We believe everyone deserves a place where they truly belong. We celebrate individuality and know that your passion, experience, and unique perspective strengthen our team and business. Here, you’ll be empowered to perform, grow, and engage through unmatched opportunities to develop your skills, gain real-world experience, and learn from the best in the business.

Description

Your Role:

The Merchandise Planner supports the domestic (stores and digital) Beauty business. This role will be focused on a specific category of business and is responsible for translating the merchant’s vision into viable profitable results through developing and maintaining sales, inventory and margin plans that tie to financial targets.

Your Impact

Pre-Season

• Develop assortment plans for sales, margin and inventory to the style/choice level by store groupings (i.e. cluster, format) in support of productivity and financial targets
• Partner with merchants to create and maintain a seasonal theme-based assortment list and volume targets by store grouping
• Identify and propose initial and promotional pricing structures to drive topline season goals
• Participate in consensus planning with demand planner; collaborate to drive to "one number" sales plan with recommendations for events, based on class plan and forecast

In-Season

• Analyze and reflect current trends in strategy performance based on actual sales performance; revise in-season plans for sales and profitability while maintaining appropriate inventory turns
• Actively manage inventory levels, partnering with production and inventory deployment partners to pull up, push out, cancel, or shift orders between sales channels as necessary
• Partner with merchant to develop and propose promotion and merchandise strategies in response to current business trends
• Manage and execute promotional and liquidation strategies to meet seasonal inventory targets

Reporting/Analytics

• Analyze performance for area of responsibility relative to performance of plan and trend for both period and season sales, margin and inventory
• Prepare recommendations and alternatives for key financial meetings/decisions in order to maximize sales and margin and optimize inventory productivity
• Perform trade-off analysis on impact of new items to the assortment identified at a sub-brand level and provide financial planning recommendations

Integration Points

• Partner with central planning to inform, reconcile and revise financial targets based on the category and attribute plans
• Partner with Merchant, Finance, Customer Marketing, Executive Committee to make informed decisions on promotional events and season planning
• Partner with Merchants, Commercialization and Customer Marketing on exit strategies, new item launches and collections; provide recommendations in response to financial targets
• Work with demand planning to improve reliability through demand plan accuracy
• Integrate with Space Planning to represent the opportunities and constraints that the physical environment creates at store level, monitor results from tests, launches and edits

Click here for benefit details related to this position.

Minimum Salary: $99,800.00

Maximum Salary: $135,240.00

VS&Co provides a range of compensation for this role as shown. Your actual salary will be determined by a number of factors, including: your specific skills and experience, geographic region, or other relevant factors.

Qualifications

Your Experience:

• Bachelor's degree
• 5-7 years of relevant work experience
• Vertical Beauty retail experience and/or assortment/attribute planning experience a plus
• Strong problem-solving and analytical skills; strong aptitude with numbers; retail math skills
• Ability to advance to high levels of computer literacy; exposure to relevant planning, finance, analytical, data management systems - systems used: JDA Enterprise Software's Enterprise Planning suite
• Strong excel skills; ability to read, adopt and build dynamic reporting
• Able to synthesize large quantities of data to drive business decisions
• Possesses strong business acumen and ability to make sound business decisions when information is limited
• High energy, staying flexible and positive during fast paced/ ever changing environment
• High degree of communication and partnership; ability to manage up and across
• Optimization mindset - designs and develops models/plans to optimize decisions & processes

We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws. Please see links: California Fair Chance Act, Los Angeles Fair Chance Initiative for Hiring Ordinance, Philadelphia Fair Chance Law, San Francisco Fair Chance Ordinance, Los Angeles County Fair Chance Ordinance

An equal opportunity employer, we do not discriminate in hiring or terms and conditions of employment because of an individual’s race, color, religion, gender, gender identity, national origin, citizenship, age, disability, sexual orientation, marital status or any other protected category recognized by state, federal or local laws. We only hire individuals authorized for employment in the United States.