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Five Below · 3 days ago

Merchandise Planner

Philadelphia, PA

Full-time

Onsite

Mid Level

3+ years exp

Five Below is a dynamic company that focuses on providing an amazing shopping experience filled with unlimited possibilities. They are seeking a Merchandise Planner responsible for leveraging financial targets to develop sales and inventory plans, managing assortment and demand planning, and optimizing inventory investment to enhance profitability.

RetailSalesShopping

Responsibilities

Leverage corporate financial targets to develop seasonal sales, inventory, and margin plans by Department-Classification and store groups

Determine style-color and depth targets by attribute and store group for each area of business to support product selection in market

Manage SKU & style intensive category

Manage location intensive assortments

Develop sales forecasts and buy quantity estimates to determine the appropriate inventory levels for each product considering factors such as lead times, seasonality, and turn targets to optimize inventory investment

Manage the open-to-buy (OTB) budget for a category of business, $50-150M, to ensure inventory investment funds sales and margin plans, adjusting as necessary

Manage inventory levels and receipts to ensure optimal stock vs. sales levels, monitoring in season to minimize stockouts and overstocks

Manage markdown and MOS budgets to balance inventory ownership and margin objectives

Collaborate with key partners to identify pricing and liquidation opportunities to manage the transition of products

Analyze sales performance and make recommendations for pricing adjustments, promotions, and markdowns to optimize profitability

Analyze sales, inventory, and margin performance to assess the effectiveness of merchandising strategies and identify areas for improvement, providing insights and recommendations to Buyers for optimizing assortment and inventory levels

Leverage weekly business insights to understand item level performance to maximize in season opportunities, minimize liability, and inform future seasons

Generate regular reports and analysis to provide insights into sales, inventory, and profitability metrics to senior management

Test multiple business strategies simultaneously, quantifying & communicating business impacts and be able to report results clearly and concisely to Executive management

Create and maintain alignment among peers on merchandising and allocation teams on forecast changes and inventory strategies

Participate in regular meetings and strategic discussions to provide input on merchandise planning strategies