To strategize, develop, and manage long-range buying financial plans that support the company’s buying financial targets and brand strategies
To plan revenue, gross margin amount, and unit forecast on an annual basis
Independently capture and apply a deep understanding of market competitors (target consumer, market positioning, and markdown activities) to drive improved performance across all planning responsibilities, from strategy to in-season management
Assist with pre-booking (ranking styles and suggesting estimated units to book in advance of the market)
Lead development of pre-season strategies and approve seasonal sales and inventory plans that support brand objectives and customer financial sales and margin targets
Help identify both shared and individual market needs
Responsible for capturing visuals of landed lines by market at adoption and archiving them
Sales, Stock, and Inventory monitoring (40%):
Visit and analyze stores to improve investment and flow strategies based on inventory levels, stock capacity, visual layout, and other key components analysis and preparation of competitive market trend information and customer feedback
Analysis and preparation of sales reports
Responsible for capturing visuals of landed lines by market at adoption and archiving them
Recommend suggested retail pricing for franchise and wholesale customers down to the style level for assigned categories; ensure the margin targets are achieved
Partner with marketing and visual merchandising to communicate seasonal direction for a given season
Work with visuals to create effective store presentations
Assist with training the sales team to present and sell products during market week
Regularly reviewing performance indicators, such as sales and discount levels;
Stock management control. Develop requirements and evaluation standards
Support in developing short and long-term inventory plan
Support (10%):
Support Brand Manager in request.
Job Requirement
Good understanding of retail business, product knowledge and understanding of brand positioning
Posses a clear understanding of financial measurements and how to impact them
Retail math skills necessary to understand financial results of performance measures
Ability to do product costing
Experience with gross margin, pricing and trend analysis
Proven leadership and communication skills
Must have excellent verbal and written communication skills and the ability to influence all levels of management and staff
Must have high sense of urgency with demonstrated ability to work independently and make effective decisions in a timely manner
Allocates time effectively, handles multiple demands and competing priorities
