Merchandise Planner serves as the business manager for a book of business (collection of sub-brands or classes of merchandise) and is primarily responsible for translating the Merchants’ vision into viable plans and profitable results. The Merchandise Planner is responsible for developing and maintaining sales, inventory, and margin plans that tie to financial targets for an assigned Sub-Brand/Category. Plans will begin at the Sub-Brand/Category level and will drive to choice-level (Style/Color or Fragrance) plans, creating targeted assortments by cluster (group of stores with similar selling characteristics). In partnership with the Merchant, the Planner drives to additional value through optimizing the assortment for these clusters, which may include multiple channels of distribution (Stores, Internet, Catalogue, and Wholesale). In collaboration with the Demand/Event Planner, the Merchandise Planner generates demand plans that incorporate statistically-based forecasts, merchandise plans and business knowledge. Demand plans provide the basis for future merchandise plans, as well as a forward-looking expectation of sales to inform the distribution process.
•Build or refine a class/sub-class plan based on guidance from Category and Attribute plans created by Strategic Planning - the class/sub-brand plan is a weekly dollar and unit merchandise plan by class, sub-brand and potentially subclass. It may be broken out by Channel (stores, web, catalog, wholesale), Division and/or store format (core, flagship, etc) for one season
•Partner with Merchants to create and maintain a seasonal theme-based assortment list and volume targets by store grouping (format, cluster, etc.)
•Develop assortment plans for sales, margin and inventory to the style/choice level by store groupings (cluster/format, etc) in support of productivity and financial targets corporate impact of events and entrance/exit strategies
•Communicate merchandise plans to other functional groups as follows:
Logistics for their review from a capacity standpoint. Information gained is then reconciled with the plan; issues reviewed and discussed together
Compliance to inform of possible categories for new product quality, testing and regulatory considerations
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