The role described focuses on merchandise and stock management within a retail or wholesale environment, with an emphasis on achieving financial goals and maximizing profitability. Key responsibilities include:

Merchandise Management:

• Develop and communicate inventory forecasts to merchandising and buying teams.
• Support in budgeting and forecasting sales, margins, and stock levels by store/brand/season.
• Implement markdown and promotional strategies to maximize profitability.
• Analyze vendor performance and provide insights to support buyers' decision-making.
• Deliver weekly sales and performance analysis at store and department levels.
• Collaborate with logistics to manage inventory and ensure timely delivery for launches.

Stock Management:

• Forecast optimal stock levels and develop reports for monitoring.
• Manage stock transfers to maximize sales and minimize markdowns.
• Assist in stock re-buys, cancellations, and markdown management.
• Ensure accurate tracking of stock movement and timely updates across functions.

Planning and Execution:

• Conduct in-depth analysis for range and promotional planning.
• Prepare seasonal range plans and perform complex analysis to support assortment, pricing, and inventory decisions.
• Monitor stock-to-sales ratios and adjust strategies to meet targets.
• Analyze KPIs and provide updates to the merchandising and buying teams.

Financial Controls and Profitability:

• Conduct quantitative analysis to optimize profitability and identify risks.
• Collaborate with buyers to develop markdown strategies for financial success.
• Monitor and take action on bestsellers to ensure they reach full potential.
• Address slow sellers by implementing price adjustments, promotions, or stock movement.
• Overall, the role is highly analytical, requiring strong collaboration with various teams to ensure smooth inventory flow, optimized sales, and achievement of financial targets.

Skills

Education & Experience

•  Bachelor degree is required
•  Minimum 1-2 years of experience in fashion retail/Merchandise

Skills & Knowledge

• Excellent verbal and written communication skills
• Team oriented
• Strong analytical skills and data-driven thinking
• IT Systems Awareness
• Numerical skills
• Time management
• Self-Driven
• Retail merchandising experience
• Follow up and monitoring skills