Senior, Product Development - Handbags

Macy’s is more than just a store. We’re a story. One that’s captured the hearts and minds of America for more than 160 years. A story about innovations and traditions…about inspiring stores and irresistible products…about the excitement of the Macy’s 4th of July Fireworks, and the wonder of the Thanksgiving Day Parade. We’ve been part of memorable moments and milestones for countless customers and colleagues.

Those stories are part of what makes this such a special place to work.

The Senior, Development is a member of the Development team responsible for building and managing the Macy’s Private Brand program, taking ownership of assortment execution. The team plays a pivotal role in shaping the vision of Macy’s Private Brands and collaborates with Sourcing to attain the desired final product cost and meet Brand/Category Initial Mark Up targets for its products. The Senior, Development works closely with the design, buying, and sourcing teams to ensure the translation of design intent into an approved sample that aligns with the brand’s aesthetic, style, and fit requirements within the specified cost and margin targets.

Key responsibilities include executing the assortment strategy and actively participating in milestone meetings.

• Collaborate with Buying and Planning counterparts to ensure that department-level financial targets align with the assortment strategy; collaborate with Design to make necessary modifications.
• Work alongside Sourcing Associates to guarantee that all styles receive vendor allocation.
• Utilize the costing database with support from the Costing team to determine target costs based on product attributes, initial mark up goals, and retail prices. Review vendor cost breakdowns and escalate any costing issues. Collaborate with Raw Materials and Design to propose engineering solutions if necessary.
• Communicate product details and specific meeting sample requirements to Overseas Office Merchant.
• Update and take ownership of first-cost style-level analysis, iterating as needed until the final style is approved.
• Update initial mark up roll-up at a style-level based on target cost, first cost (and iterations), and final cost.
• Provide dashboard views of initial mark up roll-up to the Strategic Sourcing team.
• Partner with Overseas Office Merchant and Strategic Sourcing to ensure the execution of cost negotiations and meeting established target cost/initial markup goals.
• Review the execution of all development samples and monitor line development activities throughout the season.
• Participate in Seasonal Prep and Line Development Meeting, Mid-Point/Pre-Line Review, and Line Review Meetings.
• Support the Product Lead with materials for Post Buy Recap, including program and style placements.
• Escalate any product-related issues (e.g., sample delivery timing, style execution, costing).
• Collaborate with Buying counterparts to manage in-season chase/open to buy opportunities.
• Communicate all purchase authorization/purchase order information to the Product Assistant and manage the accuracy and completeness of purchase order entry and tracking.
• Ensure that PLM is updated throughout the season by the Product Assistant.
• Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities.
• Track development and adoption rates for the area of responsibility.

Assortment Execution: Demonstrate a strong ability to take ownership of assortment execution, ensuring that the Macy’s Private Brand program aligns with strategic objectives.

Collaboration: Collaborate effectively with Buying, Planning, Design, and Sourcing teams to streamline processes, ensuring department-level financial targets support the assortment strategy.

Costing Expertise: Utilize a costing database to determine target costs based on product attributes, IMU goals, and retail prices. Capable of reviewing vendor cost breakdowns and proposing engineering solutions when necessary.

Communication

Skills:

Practice open and continuous communication, keeping team members informed and presenting information in a clear, concise…