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