Manages budgets by determining necessary revisions to planner budgets; approving category and subcategory financial targets; comparing annual, monthly, weekly, and daily financial projections to actual results; requesting and reviewing analysis and reports from suppliers and cross-functional peers; addressing the root cause of deviations from projected plans; and reporting business risks and opportunities to senior management.
Manages the development of strategy and growth of multiple formats and departments for large, complex, or high-risk categories and subcategories by staying current on customer and competitive trends; aligning and adapting strategies to meet the needs of the small formats; translating multiple category theory and strategy into tactical and actionable business plans; tailoring multiple category brands and assortments to meet diverse customer needs while working cross-functionally with core merchandising teams; reviewing pre- and post-modular financial results; identifying opportunities for additional marketing support to enhance return on investment; developing strategies for merchandising in-store presentation; and communicating business needs to senior management.
Oversees and coordinates the execution and maintenance of inventory plans for highly complex or high-risk categories and subcategories by reviewing open-to-buy developments, updates, and recommendations; providing recommendations to guide merchandise flow and replenishment decisions at the store level; reviewing and approves markdown budgets and clearance plans; addressing discrepancies that deviate from established plans; reconciling differences of opinion related to sales and margin targets, markdown, or inventory strategy between key stakeholders; reviewing, approves, and monitors key seasonal business flow plans; partnering with merchandise operations to execute flow plans; and evaluating existing processes and opportunities.
Directs new and existing product lines by presenting and supporting line review decisions; ensuring modular item assortment and design determinations are aligned with category, department, and division strategies, financial targets, and presentation expectations; setting base retail prices; and approving price tiers and price leadership items.
Manages cross-functional buying matrix team by aligning subcategory team workload with modular relay timelines and strategies; reviewing and approving purchase plans; ensuring timely execution of business plans at the store level; reviewing and analyzing inputs and reports from team members; identifying merchandising issues; coordinating and leading team meetings to address merchandising issues and develop potential solutions; addressing unexpected or unusual circumstances that impact product availability or demand; and escalating issues to senior management as required.
Minimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications: Bachelor’s degree in Business, Merchandising, or related field and 5 years’ experience in merchandising management, buying, financial planning, operations, or related area OR 7 years’ experience in merchandising management, buying, financial planning, operations, or related area. 2 years’ supervisory experience.
Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Leadership of cross-functional task forces or projects, Microsoft Office, Negotiating Skills
Masters: Business Administration