Merchandise Planning Analyst
Welcome to Banana Republic, where we are dedicated to providing stylish and modern clothing for our customers. We are currently seeking a highly analytical and strategic Merchandise Planning Analyst to join our team. As a Merchandise Planning Analyst, you will play a crucial role in driving sales and profitability through effective merchandise planning and inventory management. This is a fantastic opportunity for a detail-oriented individual with a passion for fashion and a strong understanding of retail math and data analysis. If you are ready to make an impact and be a part of a dynamic and innovative company, we want to hear from you!
- Analyze sales data and market trends to identify opportunities for growth and optimization.
- Develop merchandise plans and assortments that align with company goals and customer preferences.
- Monitor and track inventory levels to ensure proper product availability and minimize overstock and stockouts.
- Collaborate with cross-functional teams, including buying, marketing, and operations, to develop and execute effective merchandise strategies.
- Conduct regular store visits to gather feedback and insights on product performance and customer behavior.
- Utilize retail math and forecasting techniques to create accurate sales and inventory projections.
- Prepare and deliver presentations to senior management on merchandise performance and recommendations for improvement.
- Analyze and report on key performance indicators, including sales, margin, and inventory turnover.
- Implement pricing strategies to maximize profitability while remaining competitive in the market.
- Identify and react to emerging trends and adjust merchandise plans accordingly.
- Partner with vendors to negotiate pricing, terms, and delivery schedules.
- Train and mentor junior merchandise planning team members.
- Continuously monitor and improve merchandise planning processes and systems.
- Stay updated on industry best practices and incorporate them into company strategies.
- Uphold company values and maintain a positive and professional attitude at all times.
Bachelor's Degree In Business, Finance, Merchandising, Or A Related Field.
Minimum Of 2-3 Years Experience In Merchandise Planning And Analysis, Preferably In The Retail Industry.
Strong Analytical And Problem-Solving Skills, With The Ability To Interpret Data And Make Strategic Decisions.
Proficiency In Microsoft Excel And Other Data Analysis Tools, As Well As Experience With Merchandise Planning Software.
Excellent Communication And Collaboration Skills, With The Ability To Work Cross-Functionally With Other Teams Such As Buying, Inventory Management, And Marketing.
Product Development
Inventory Management
Data Analysis
Market Research
Forecasting
Trend Analysis
Sales Analysis
Pricing strategies
Assortment planning
Merchandising Strategies
Retail Math
Communication
Conflict Resolution
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
Empathy
Decision-making
According to JobzMall, the average salary range for a Merchandise Planning Analyst in San Francisco, CA, USA is between $70,000 to $100,000 per year. However, this can vary depending on factors such as the company, experience level, and specific job duties.
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Banana Republic is an American clothing and accessories retailer owned by the American multinational corporation Gap Inc. It was founded in 1978 by Mel and Patricia Ziegler, who originally called the company "Banana Republic Travel & Safari Clothing Company."
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