Tory Burch Planning Manager

Tory Burch; New York (NY); On-site; USD 75,000 - 95,000; Full time

Benefits offered by this job

Employee discount

Exclusive sample sales access

Executive coaching on-demand

Paid volunteer days

Job summary

Tory Burch is seeking an Ecommerce Planner, Digital Planning to analyze and forecast select product categories for the North America Ecommerce channel through strategic merchandise planning and controlled inventory management. This role maintains the monthly divisional OTB and speaks to pre-season and in-season plans with strong retail math and analytical skills.

The role requires 3-5 years in planning or finance, excellent communication, and experience with planning and reporting tools.

Qualifications

• Bachelor's Degree.
• Proficient in Microsoft Office, including Excel and PowerPoint.
• 3-5 years experience in planning or finance.
• Experience with planning and business reporting applications is a plus.
• Prior experience in e-commerce is highly desired.
• Excellent communication skills.
• Strong analytical and strategic business acumen.

Responsibilities

• Merchandise Financial Planning and Inventory Management.
• Maintain monthly and yearly OTB, including reforecasting sales, margin, receipts, and inventory.
• Review plans and forecasts, identify risks and opportunities, and drive action plans.
• Communicate the state of the business in weekly meetings and monthly OTB meetings.
• Recommend strategic actions to maximize sales & margin, optimize inventory, and mitigate risk.
• Ensure that on-order and committed receipts are delivering on time to support forecasts.
• Recommend 'chasing' or 'reflowing' receipts as appropriate.
• Work with the buying team to ensure the final assortment supports sales and sell thru targets.
• Review Key Item planners weekly and report performance against plans.
• Collaborate with cross-functional partners to understand stock needs and secure inventory.

Skills

Excellent communication

Analytical skills

Attention to detail

Organizational skills

Education

Bachelor's Degree

Tools

Microsoft Excel

PowerPoint

Job description

We are an American luxury lifestyle brand, founded in 2004. Anchored in the casual elegance of American sportswear, Tory's design philosophy is defined by effortless silhouettes, innovative materials, eclectic juxtapositions of color, and the tension of past and present. The collections include ready-to-wear, handbags, footwear, accessories, jewelry, home and beauty.

Empowering women is the company's guiding principle, expressed through Tory's collections and reflected in the company culture as well as the work of the Tory Burch Foundation. Established in 2009, the Foundation provides women entrepreneurs in the United States with access to capital, education and community.

If you're prepared to work hard, create impact, and have fun while doing it, we would love to have you join #TeamTory.

Life @ToryBurch is Special Because:

When you join us, you're joining a global, purpose-led company on an exciting growth journey with an amazing culture and great benefits.

• Our culture is welcoming and inclusive -- everyone is empowered to make a difference.
• We have the best team in the world and believe in paying competitively and rewarding for high performance.
• Your overall well-being is important to us; we offer generous benefits to help you take care of your mental and physical health, create financial security, and achieve wellness in all areas of your life.
• We love seeing our employees wear our beautiful collections. You'll receive a generous employee discount and access to exclusive sample sales.
• We are invested in your professional growth - you'll have access to free executive coaching on-demand.
• We believe in the importance of giving back and you'll have many opportunities to do just that through the Tory Burch Foundation and paid volunteer days.

This Role is Tailor-Made for You Because:

The Ecommerce Planner, Digital Planning at Tory Burch is responsible for analyzing and forecasting select product categories within the business for the North America Ecommerce channel through strategic merchandise planning, controlled inventory management, and actionable reporting and insights. This individual maintains the monthly divisional OTB for select categories and is able to speak to both pre-season and in-season plans. To excel, this person must have excellent retail math and analytical skills, established planning experience, creative problem-solving skills, and enjoy working in a fast-paced, collaborative environment.

A Day in the Life:

Responsibilities:

• Merchandise Financial Planning and Inventory Management
  • Maintain monthly and yearly OTB, including reforecasting sales, margin, receipts, and inventory
  • Review plans and forecasts, identify risks and opportunities, and drive action plans
  • Communicate the state of the business in weekly meetings and monthly OTB meetings
  • Recommend strategic actions to maximize sales & margin, optimize inventory, and mitigate risk
  • Ensure that on-order and committed receipts are delivering on time to support forecasts
  • Recommend \"chasing\" or \"reflowing\" receipts as appropriate
• Assortment Planning
  • Pre-Season:
    • Create annualized financial plans for select category/categories (including sales, gross margin, receipt, and inventory targets) that align with the merchandise financial plan
    • Manage Buy Tools and the completion of the buys in collaboration with buying team
    • Assortment planning for key items and new collections
    • Work with the buying team to ensure the final assortment supports sales based on hindsight and that the inventory buys are appropriate to deliver sales and sell thru targets, including during key e-commerce event periods
  • In-Season:
    • Review and Manage Key Item planners weekly. Communicate demand requirements to corporate merch planning and production based on buy calendar
    • Report out on style and family performance in comparison to original plans
    • Collaborate with cross-functional partners to understand stock needs in fashion best sellers and take actions to secure inventory to support sales
• Business Management / Reporting and Analysis
  • Prepare for key promotional and seasonal periods by ensuring sufficient stock levels overall and in expected best sellers. Analyze event performance to Forecast/LY and communicate results
  • Review pricing and MD analysis in conjunction with Buying. Support price change and decisions on promotional strategies
  • Analyze sales and inventory reports and develop strategies to achieve Plan
  • Complete specific analysis to support buy process i.e. - Size level analysis
  • Own select weekly reporting documents
• Ownership of Small Leather Goods and other categories as well as functional support for the Handbags business

To Land This Role:

Qualifications:

• Bachelor's Degree
• Proficient in Microsoft Office, including Excel and Powerpoint
• 3-5 years of experience working in planning or finance-related field
• Experience with planning and business reporting applications is a plus
• Prior experience in e-commerce is highly desired
• Excellent communication skills
• Strong analytical skills paired with strategic business acumen
• Detail-oriented, results-driven, highly motivated, and entrepreneurial
• Strong organizational skills and excellent communication skills