Merchandise Planner, Outlet

Theory; New York (NY); On-site; USD 90,000 - 100,000; Full time

Job summary

Theory is seeking a Merchandise Planner for its Outlet division in New York. This pivotal role involves building detailed inventory and sales plans, managing markdown strategies, and collaborating with various departments to ensure optimal product strategies. Candidates should have a strong background in merchandise planning and a degree in finance or business.

Qualifications

• 4+ years of experience in Merchandise Planning.
• High level of experience and proficiency in Excel.
• Superior written and verbal communication skills.

Responsibilities

• Build financial sales, gross margin, and inventory plans at the item level.
• Create pricing strategies to maximize sales and gross profit.
• Collaborate with cross-functional departments, such as Marketing and Store Operations.

Skills

Problem solving

Analytical skills

Mathematical proficiency

Teamwork

Attention to detail

Education

Bachelor’s Degree in Finance

Bachelor’s Degree in Business

Bachelor’s Degree in Merchandising

Tools

Excel

Job description

At Theory, we create clothes that matter that empower and improve the way we live through exceptional fit, fabric, and style. In 1997, Theory was founded in New York on the simple idea that stretch fabrics in tailored clothing could change how we dress and live. Two decades later, we continue to perfect our offering of elevated wardrobe essentials for the ambitious, urban man and woman. From sourcing materials from the best mills in the world, to the innovation and craftsmanship at our atelier in New York's Meatpacking District, the integrity of our process is just as important as our final product.

In 2004, Theory was acquired by Fast Retailing, spurring the international expansion of the brand. Operating 440 stores worldwide, today Theory is a New York brand with a global mindset. Our customers dream big, achieve goals, and aim for perfection. So do we, and so do our clothes.

The Merchandise Planner, Outlet builds financial sales, gross margin and inventory plans for multiple departments in a given area on an item level basis. They will manage and plan merchandise inventory positions and markdown strategies to drive departmental sales, profit and sell thru objectives. The Merchandise Planner also provides in-season financial projections and strategies while identifying risks and opportunities to maximize profits.

Responsibilities:

• Build financial sales, gross margin and inventory plans at a weekly level at the 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
• Manage replenishment plans to ensure that sales are optimized and stores are without missing SKUs
• Place orders for both seasonal and replenishment product buys
• Collaborate with cross functional departments, ie. Marketing and Store Operations, to ensure success of product strategies

Qualifications:

• 4+ years of experience in Merchandise Planning
• Bachelor’s Degree in Finance, Business, Merchandising or related field
• High level of experience and proficiency in Excel
• Excellent problem solving and analytical skills
• Mathematical proficiency with strong business and financial acumen
• Superior written and verbal communication skills to effectively communicate across all levels of management
• Strong sense of teamwork to coordinate with many cross-functional partners
• High degree of accountability and attention to detail
• Ability to flex across shifting priorities
• Strong sense of urgency and accuracy

Salary: $90,000.00 to 100,000.00*

*The offered salary or salary range is based on several factors, including, but not limited to, overall experience, relevant experience, education level, certifications, applicable skills and expertise, and location of the position.

Equal Opportunity Statement:

As an Equal Opportunity Employer, Theory LLC does not discriminate against applicants or employees because of race, color, creed, religion, sex, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other status or condition protected by applicable federal, state, or local law.

Ensure your Theory job offer is legitimate and don't fall victim to fraud. Theory never seeks payment from job applicants. Feel free to ask your recruiter for a phone call or other type of communication for an interview, and ensure your communication is coming from a Theory or sister company email address. For added security, where possible, apply through our direct job posting.