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Five Below · 5 days ago

Allocation Analyst

Philadelphia, PA

Full-time

Onsite

Entry Level

1+ years exp

Five Below is a dynamic retail company focused on providing an amazing shopping experience. The Allocation Analyst role involves optimizing inventory allocation and distribution strategies to meet customer demand and drive sales, particularly during peak seasons.

RetailSalesShopping

Responsibilities

Oversee businesses with 500-1,000+ SKUs, driving up to $200M annually

Develop and maintain demand forecasts by analyzing historical sales trends, seasonal patterns, and market drivers

Monitor forecast accuracy, identify variances, and recommend corrective actions to improve results

Contribute to process improvements by identifying opportunities for automation, enhanced forecasting models, and best practices

Coordinate with buying, planning, visual to plan for seasonal set and refresh allocations and align demand forecasts with business objectives

Optimize the allocation of products to prevent stockouts and reduce excess inventory at end of season or product life cycle

Review the allocation of merchandise to warehouses and stores based on demand forecasts, sales trends, and optimal inventory levels

Support the execution of seasonal strategies and marketed events by allocating the right products to stores and online channels as per the marketing and merchandising plans

Monitor store sales performance, tracking sell-through rates. Review opportunities with manager and align on the necessary adjustments for upcoming seasons

Collaborate with manager to identify slow-moving items and recommend actions to address these issues (hold in DC, markdown, floor placement moves)

Prepare reports, dashboards, and presentations to communicate forecast performance and inventory insights to leadership

Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination

Partner with your manager to provide regular updates on allocation effectiveness throughout the season with your cross-functional partners

Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels

Qualification

Inventory ManagementData AnalysisForecasting SystemsExcelPower BITableauCross-functional CollaborationProblem-solvingOrganizational SkillsCommunication Skills