Sr Merchandise Planner

Michaels Stores; Irving (TX); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

401(k) with employer match

Medical, dental, and vision coverage

Telemedicine services

Tuition assistance

Adoption assistance

Flexible spending accounts

Employee discounts

Commuter benefits

Job summary

The Michaels Companies Inc. seeks a Senior Merchandise Planner to partner with Buyers to optimize sales, gross margin, and inventory. Lead weekly planning using Michaels Financial Planning (MFP) for seasonal programs and basic assortments, ensuring on-time resets and adherence to critical timelines.

Responsibilities include in-season MD recommendations, SKU rationalization, and collaboration with pricing and replenishment teams to maximize profitability.

Qualifications

• 2–5 years in retail
• Bachelor’s degree or equivalent in business, retail or related field
• Numerical analysis; collaboration; project management

Responsibilities

• Provide analysis and recommendations to optimize sales, margin and inventory.
• Own MFP administration for seasonal and basic plans.
• Develop and adhere to critical timelines for planning cycles.
• Monitor reset activities and integrate into forecasts.
• Partner with pricing and buyers for in-season MD recommendations.

Skills

Numerical analysis

Analytical thinking

Project management

Communication

Collaboration

Time management

Education

Bachelor’s degree or equivalent in Business/retail or related field

Tools

Microsoft Office

Excel

Planning system skills

Job description

Support Center - Irving

The Senior Merchandise Planner is key business partner with Buyer/Sr Buyer to ensure achievement of department goals in terms of sales, gross margin and inventory.

Analysis

• Provide Buyer/Sr Buyer with analysis and recommendation to optimize sales, margin and inventory, in season recommendations to optimize seasonal plans
• Ensure corporate inventory initiatives are included in department strategies
• Optimize seasonal inventory flow in season management and execution of basic assortment exit strategies for resets
• Partner with Financial Planner to develop and execute SKU rationalization goals

Purchase Planning

• Using MFP (Michaels Financial Planning), create weekly sales, margin and inventory plans at subclass level for seasonal and trend programs
• Owns MFP administration for seasonal and basic plans
• Incorporates correction of errors
• Recommend "wave breaks" for seasonal flow
• Recommend optimal inner and master packs
• Work with pricing and Buyer/Sr Buyer to make appropriate in season MD recommendations for seasonal and trend product
• Evaluate forward buys on market deals and other opportunities
• Develop and adhere to critical timelines

Assortment Planning

• Insure assortments are completed within specific timeframes
• Participate in assortment plan review with category mgt team for seasonal and SBA assortments by analyzing historical information
• Make appropriate recommendations

Reset Support

• Develop and implement MD strategy following reset financial timeline
• Implement discontinue timing
• Implement order placement timing for new product with Buyer/Sr Buyer and replenishment team
• Monitor progress of reset activities and integrate into MFP sales, margin and inventory forecast
• Update finance partner on any activities that would require updating reset financials

Other Duties As Assigned

Minimum Type of experience the job requires

• 2-5 years in retail
• Numerical analysis; collaborative activities; project management

Other

• Analytical, organizational, communication, collaborative, self-motivational, and good time management skills required
• Ability to work comfortably on unstructured problems/tasks
• Ability to work quickly and accurately under pressure and time constraints

Preferred Education

• Bachelor’s degree or equivalent
• Business, retail or related field

Preferred Special Certifications Or Technical Skills

• Microsoft Office knowledge, especially Excel. Planning system skills preferred

Preferred Type Of Experience The Job Requires

• 2+ in retail planning or allocation preferred

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.comandMichaels.ca.The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visitwww.michaels.com.

Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 401(k) with employer match, an Employee Assistance Program, medical, dental, and vision coverage, telemedicine services, flexible spending accounts, commuter benefits, tuition assistance, adoption assistance, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and access to partner discount programs. For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit MIKBenefits.com

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

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