Planners are responsible for the overall financial direction of a category or department(s) with the goal of meeting/exceeding sales margin and turn targets. Planners are primarily responsible for developing seasonal merchandise financial plans developing and managing the allocation strategy and supporting the Buyer with a department(s) open to buy. Planners also work with Buyers in assortment and buy planning by facilitating layering of assortments and validating the integrity of initial allocation -season Planners provide in-depth analysis of product performance and make recommendations to maximize business opportunities.
Key Roles and Responsibilities
Manage the financial success of a department by meeting sales gross margin and inventory turn goals.
Develop pre-season merchandise financial plans to the classification level that support department strategies
Reconcile merchandise plans against top-side goals and assortment plans
Analyze historical data and current trends to identify risks and opportunities by department and class.
Provide analytical inputs to support the Buyer in merchandise strategy planning assortment planning and buy planning processes
Collaborate with merchandising to develop and communicate a comprehensive strategy that aligns future financial and product opportunities by department and class.
Recap and analyze actual sales results to plan forecasts in-season sales and inventories on a weekly/monthly/quarterly basis
Develop monthly forecasts of sales and inventory for all basic styles and develop strategies to meet department financial goals.
Lead Open-to-Buy Process; present financial forecast and supporting action plans in monthly open-to-buy forecast meeting
Communicate financial results forecasts and action plans to manager and buying team on a weekly basis.
Provide pricing and promotional recommendations that align with department financial goals
Present financial plans forecasts and strategies in key meetings
Support a collaborative innovative and results-oriented environment with peers and cross-functional team.
Develop Key Item plans and provide analytics required for planning and managing key items in-season
Oversee the development of allocations by store and replenishment analysis/forecasting
Oversee style/SKU count analysis
Build a high-functioning planning team by developing partnerships leading coaching and providing constructive feedback
Develop and maintain effective working relationships with members of cross-functional team
Prioritize and set expectations around key deliverables with direct reports and buying team
Oversee store clustering process and provide location recommendations regarding product placement and maximization of trend performance
Partners with buyer on development of reinventions visual initiatives and collaborations
Assist the buy process by performing planning functions within the assortment planning/item planning tool
Manage and develop direct report
Qualifications and Competencies
Bachelors degree or equivalent experience required
4-7 years of retail buying planning or related analytical experience
2-3 years of experience in merchandise or financial planning roles
Demonstrate strong analytical and problem-solving skills
Demonstrates leadership and decision-making skills
Demonstrates strong listening written and oral communication skills
Able to develop and maintain strong working relationship with peers and cross-functional teams
Flexible and adaptive to changing priorities
Reacts to business trends in a timely and efficient manner
Takes calculated risks to achieve results
Able to organize and prioritize workload to meet deadline
Provides clear direction counseling and coaching to staff
High level of proficiency with Microsoft Excel and strong aptitude to learn technical applications quickly
DescriptionJob SummaryPlanners are responsible for the overall financial direction of a category or department(s) with the goal of meeting/exceeding sales margin and turn targets. Planners are primarily responsible for developing seasonal merchandise financial plans developing and managing the alloc...
Description
Job Summary
Planners are responsible for the overall financial direction of a category or department(s) with the goal of meeting/exceeding sales margin and turn targets. Planners are primarily responsible for developing seasonal merchandise financial plans developing and managing the allocation strategy and supporting the Buyer with a department(s) open to buy. Planners also work with Buyers in assortment and buy planning by facilitating layering of assortments and validating the integrity of initial allocation -season Planners provide in-depth analysis of product performance and make recommendations to maximize business opportunities.
Key Roles and Responsibilities
Manage the financial success of a department by meeting sales gross margin and inventory turn goals.
Develop pre-season merchandise financial plans to the classification level that support department strategies
Reconcile merchandise plans against top-side goals and assortment plans
Analyze historical data and current trends to identify risks and opportunities by department and class.
Provide analytical inputs to support the Buyer in merchandise strategy planning assortment planning and buy planning processes
Collaborate with merchandising to develop and communicate a comprehensive strategy that aligns future financial and product opportunities by department and class.
Recap and analyze actual sales results to plan forecasts in-season sales and inventories on a weekly/monthly/quarterly basis
Develop monthly forecasts of sales and inventory for all basic styles and develop strategies to meet department financial goals.
Lead Open-to-Buy Process; present financial forecast and supporting action plans in monthly open-to-buy forecast meeting
Communicate financial results forecasts and action plans to manager and buying team on a weekly basis.
Provide pricing and promotional recommendations that align with department financial goals
Present financial plans forecasts and strategies in key meetings
Support a collaborative innovative and results-oriented environment with peers and cross-functional team.
Develop Key Item plans and provide analytics required for planning and managing key items in-season
Oversee the development of allocations by store and replenishment analysis/forecasting
Oversee style/SKU count analysis
Build a high-functioning planning team by developing partnerships leading coaching and providing constructive feedback
Develop and maintain effective working relationships with members of cross-functional team
Prioritize and set expectations around key deliverables with direct reports and buying team
Oversee store clustering process and provide location recommendations regarding product placement and maximization of trend performance
Partners with buyer on development of reinventions visual initiatives and collaborations
Assist the buy process by performing planning functions within the assortment planning/item planning tool
Manage and develop direct report
Qualifications and Competencies
Bachelors degree or equivalent experience required
4-7 years of retail buying planning or related analytical experience
2-3 years of experience in merchandise or financial planning roles
Demonstrate strong analytical and problem-solving skills
Demonstrates leadership and decision-making skills
Demonstrates strong listening written and oral communication skills
Able to develop and maintain strong working relationship with peers and cross-functional teams
Flexible and adaptive to changing priorities
Reacts to business trends in a timely and efficient manner
Takes calculated risks to achieve results
Able to organize and prioritize workload to meet deadline
Provides clear direction counseling and coaching to staff
High level of proficiency with Microsoft Excel and strong aptitude to learn technical applications quickly
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