Merchandise Planner, PINK Swim

Victoria’s Secret & Co.; Reynoldsburg (OH); On-site; USD 86,800 - 117,600; Full time

Job summary

Victoria’s Secret & Co. is looking for a Merchandise Planner in Reynoldsburg, Ohio. The role involves developing and maintaining sales and inventory plans and collaborating with merchants and demand forecasters. Candidates should have 5-7 years of experience in retail planning, demand forecasting, and a bachelor's degree in relevant fields. The company offers a salary range of $86,800 to $117,600 depending on experience and skills.

Qualifications

• 5-7 years of retail planning, demand forecasting, inventory management experience.
• Strong problem-solving and analytical skills with retail math skills.
• Experienced in data management systems, like JDA Enterprise Software.

Responsibilities

• Develop and maintain sales, inventory, and margin plans.
• Analyze performance and revise in-season plans for sales and profitability.
• Manage promotional and liquidation strategies.

Skills

Retail planning

Demand forecasting

Analytical skills

Communication skills

Problem-solving skills

Microsoft Excel

Education

Bachelor’s degree in finance, operations, economics, business, or statistics

Tools

JDA Enterprise Software

Job description

Merchandise Planner serves as the business manager for a book of business and is primarily responsible for translating the Merchants vision into viable plans and profitable results. The Planner is responsible for developing and maintaining sales, inventory and margin plans that tie to financial targets for an assigned Sub-Brand or Category. Plans will begin at the Sub-Brand or Category level and will drive to choice-level (Style/Color) plans, creating targeted assortments by cluster of stores with similar selling characteristics. In partnership with the Merchant, the Planner drives to additional value through optimizing the assortment for these store clusters. In collaboration with the Demand Forecaster, the Merchandise Planner generates demand plans, which incorporate statistically-based forecasts, merchandise plans and business knowledge. Demand plans provide the basis for future merchandise plans, as well as a forward-looking expectation of sales to inform the distribution process. The Merchandise Planner reports to the Manager, Merchandise Planning.

Your Impact

Pre-Season

• Build and refine a class/sub-class plan based on guidance from Category and Attribute plans created by Strategic Planning - the class/sub-brand plan is a weekly dollar and unit merchandise plan by class, sub-brand and potentially subclass
• Partner with Merchants to create and maintain a seasonal theme-based assortment list and volume targets by store grouping (format, cluster, etc)
• Develop assortment plans for sales, margin and inventory to the style/choice level by store groupings (cluster/format, etc) in support of productivity and financial targets
• Use demand forecast, pattern after items, targets from attribute and category plans, test results and historical trends
• Incorporate impact of events and entrance/exit strategies
• Propose initial and promotional pricing by item 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
• Communicate merchandise plans to other functional groups as follows:
• Logistics for their review from a capacity standpoint. Information gained is then reconciled with the plan; issues reviewed and discussed together
• Finance to inform their rolling business plan; together review and discuss any related issues
• Stores to inform their labor estimates
• Compliance to inform of possible categories for new product quality, testing and regulatory considerations
• Customer Marketing to give strategic direction for the development/refinement of their seasonal campaign plans
• Support the Sales & Operations Planning process by assisting in the preparation of materials for purposes of evaluating and resolving supply/demand imbalances
• Identify test candidates that fit with merchandise strategy

In-Season

• Analyze and reflect current trends in performance of strategy based on actual sales performance; revise in-season plans for sales and profitability, control inventory levels
• Partner with Merchant to develop and propose tactics in response to current business trends
• Manage and execute promotional and liquidation strategy
• Manage the assortment to approved inventory targets
• Communicate revisions both within the team and cross functionally
• Work with Demand Forecaster to formulate alternate event options
• Actively manage inventory levels pulling up, pushing back or cancelling orders; and by working with Inventory Deployment to recommend reorders

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, in partnership with Merchant.
• 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 Strategic Planning to inform, reconcile and revise financial targets based on the category and attribute plans
• Participate in consensus planning with Demand Forecasters; collaborate to drive to one number plan and recommendations for event modeling
• Partner with Inventory Deployment to establish and implement short- and long-term inventory management objectives and review order quantities
• Work with cross-functional partners to make informed decisions on promotional events and season planning, exit strategies, new item launches and collections; provide recommendations in response to financial targets
• Assist Merchandising, Logistics and Production to optimize flow of goods from suppliers to warehouses, distribution agents and fulfillment centers.
• Work with demand forecasting 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

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.

Minimum Salary: $86,800.00

Maximum Salary: $117,600.00

Your Experience

• 5-7 years of retail planning, demand forecasting experience, inventory management, allocation, assortment planning, or replenishment experience, financial planning or financial analysis experience
• Bachelor’s degree in finance, operations, economics, business, statistics
• Requires strong problem-solving and analytical skills; strong aptitude with numbers; retail math skills
• Strong technical skills in Microsoft Excel or related planning, finance or analytical systems
• Experienced in data management systems, like JDA Enterprise Software Enterprise Planning suite
• Merchant or merchandising experience a plus
• Positive business influence skills
• Able to identify and influence critical stakeholders, proactively problem solve, and recommend solutions
• Strong communication and presentation skills: concisely presents complex information and recommendations in meaningfoum to various audiences
• Demonstrated leadership capability and executive presence
• Optimization Mindset - designs and develops models/plans to optimize decisions
• Builds collaborative partnerships cross-functionally; identifies/influences critical stakeholders
• Ability to articulate detailed action plans to successfully accomplish goal
• Understands and executes against business strategy and goals
• Makes decisions with limited information but also able to synthesize large quantities of data to drive business decisions
• Ability to meet deadlines and handle multiple tasks/projects
• The ability to work in a fast-paced, dynamic environment with various levels of management

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.