Job Description
- Merchandise Planning: Develop and implement merchandise planning strategies, including assortment planning, inventory management, and product allocation across different sales channels.
- Trend Analysis: Conduct market research, analyze industry trends, and identify consumer preferences to stay ahead of market demands and make informed merchandising decisions.
- Product Selection and Development: Source, select, and develop product offerings in line with customer preferences, market trends, and business objectives. Collaborate with suppliers and designers to create and curate a compelling product assortment.
- Pricing and Profitability: Set pricing strategies based on market dynamics, competitive analysis, and margin targets. Monitor and optimize pricing to maximize profitability while remaining competitive.
- Inventory Management: Monitor inventory levels, analyze sell-through rates, and implement inventory replenishment strategies to ensure optimal stock availability and minimize overstock or stockouts.
Skills
- Merchandising Expertise: Extensive knowledge and experience in merchandise planning, assortment selection, and product development across multiple product categories.
- Market and Trend Awareness: Strong understanding of market trends, consumer preferences, and industry dynamics to drive effective merchandise strategies.
- Analytical Skills: Proficiency in analyzing sales data, market research, and financial metrics to make data-driven merchandising decisions and forecasts.
- Inventory Management: Experience in inventory planning, allocation, and optimization to maintain optimal stock levels and minimize stockouts or excess inventory.
- Pricing and Profitability Analysis: Ability to analyze pricing strategies, margins, and profitability to maximize revenue and achieve financial targets.
- Supplier and Vendor Management: Strong negotiation and relationship management skills to establish and maintain positive relationships with suppliers and vendors.