Merchandise Planner, Beauty

Description Your Role:

The Merchandise Planner supports the domestic (stores and digital) Beauty business.

This role will be focused on a specific category of business and is responsible for translating the merchant’s vision into viable profitable results through developing and maintaining sales, inventory and margin plans that tie to financial targets.

• Develop assortment plans for sales, margin and inventory to the style/choice level by store groupings (i.e. cluster, format) in support of productivity and financial targets

• Partner with merchants to create and maintain a seasonal theme-based assortment list and volume targets by store grouping

• Identify and propose initial and promotional pricing structures to drive topline season goals

• Participate in consensus planning with demand planner; collaborate to drive to "one number" sales plan with recommendations for events, based on class plan and forecast

• Analyze and reflect current trends in strategy performance based on actual sales performance; revise in-season plans for sales and profitability while maintaining appropriate inventory turns

• Actively manage inventory levels, partnering with production and inventory deployment partners to pull up, push out, cancel, or shift orders between sales channels as necessary

• Partner with merchant to develop and propose promotion and merchandise strategies in response to current business trends

• Manage and execute promotional and liquidation strategies to meet seasonal inventory targets

• Analyze performance for area of responsibility relative to performance of plan and trend for both period and season sales, margin and inventory

• Prepare recommendations and alternatives for key financial meetings/decisions in order to maximize sales and margin and optimize inventory productivity

• Perform trade-off analysis on impact of new items to the assortment identified at a sub-brand level and provide financial planning recommendations

• Partner with central planning to inform, reconcile and revise financial targets based on the category and attribute plans

• Partner with Merchant, Finance, Customer Marketing, Executive Committee to make informed decisions on promotional events and season planning

• Partner with Merchants, Commercialization and Customer Marketing on exit strategies, new item launches and collections; provide recommendations in response to financial targets

• Work with demand planning to improve reliability through demand plan accuracy

• Integrate with Space Planning to represent the opportunities and constraints that the physical environment creates at store level, monitor results from tests, launches and edits