Role: The Company’s merchandise mix and assortments are constantly evolving as merchants and planners focus on what customers want to buy and respond by providing best of the products on a wider variety of name brand merchandise. Incumbent is expected to drive & maximize Sales & Profitability in the business by providing effective Merchandise Strategies. Planning & In Season management of Assortment & Inventory by Stores/Region/Product Hierarchy to achieve or exceed Strategic Business Targets viz. Top-line, Sell-Thru, Gross Margin, etc. He/she must have a keen eye to detail and decisions driven by customer needs
Key Responsibilities:
Merchandising Strategy
To support in devising a buy plan after reviewing the product performance
To assign base stock as per the Product Hierarchy & Store Location and manage the same to ensure each category is adequately represented at each store at all times
Gross Margin/P&L Management
Product pricing strategy to manage budgeted multiples
Optimizing Logistics cost
Discount budget management
Sell Through/Promotions Management
Generate and analyse inventory and sales reports to deduce relevant trends
Configure & communicate promotional activities to store team and in support to it, ensure adequate inventory
Best seller and slow mover reporting, planning stock rotation and restricting Opportunity Loss
Channel Management
Relationship management with all partners – Brand partners, SIS partners, E-com partners and third party
Provide feedback on inventory health at various stores, circulate periodic reports like sell through, top sellers, slow movers, size set availability etc.
Build incentive plans for store teams – depending on prices, product and push strategy.
Desired Skills and Abilities:
Strong numerical understanding
Demonstrate strong business understanding with flair for fashion retailing.
Self-starter, exceptional communicator and good at interpersonal skills
Strong analytical skills
Good planning and execution skills
Good communication and interpersonal skills
Education & Experience Required:
PG in Retail Management/Fashion Management from a reputed business or fashion institute
1-3 years of experience in similar role for retail Planning & Merchandise allocation
Preferred Industries – Organized Fashion Retailers/Ecommerce companies