Five Below

Merchandise Manager

Five Below

Columbus, OH, USA
Full-TimeDepends on ExperienceMid-LevelBachelors
Job Description

Are you someone who is passionate about retail, has a keen eye for trends, and loves working with a dynamic team? If so, then we have the perfect opportunity for you! Five Below is currently seeking a driven and experienced Merchandise Manager to join our team. As a Merchandise Manager, you will play a crucial role in driving sales and managing inventory for our stores. We are looking for someone who is highly organized, creative, and has a proven track record of successfully managing a team. If you thrive in a fast-paced and ever-changing environment, then we want to hear from you!

  1. Develop and implement merchandise strategies to drive sales and meet company goals.
  2. Stay current with industry trends and competition to make informed buying decisions.
  3. Collaborate with cross-functional teams, including marketing and operations, to ensure successful execution of merchandise plans.
  4. Manage inventory levels and make inventory adjustments as needed to avoid stock shortages or overstock situations.
  5. Utilize data and analytics to identify opportunities for growth and improvement in the merchandise assortment.
  6. Lead a team of merchandisers to ensure effective and efficient execution of merchandising plans.
  7. Train and develop team members to improve their merchandising skills and knowledge.
  8. Monitor and analyze sales performance to identify areas of improvement and implement necessary changes.
  9. Communicate effectively with upper management regarding sales, inventory, and merchandising strategies.
  10. Ensure visual merchandising standards are consistently met to provide an engaging and customer-friendly shopping experience.
  11. Conduct store visits to evaluate merchandise presentation and provide feedback and recommendations to store teams.
  12. Develop and maintain strong relationships with vendors to negotiate favorable terms and secure exclusive products.
  13. Monitor and adhere to budget and financial goals related to merchandise purchases and inventory management.
  14. Stay up-to-date on industry and market trends to identify new opportunities for business growth.
  15. Continuously evaluate and improve processes and procedures related to merchandising to increase efficiency and effectiveness.
Where is this job?
This job is located at Columbus, OH, USA
Job Qualifications
  • Experience In Retail Management: A Successful Merchandise Manager At Five Below Should Have At Least 3-5 Years Of Experience In Retail Management, Preferably In A Similar Industry. This Experience Should Include Overseeing Merchandising Strategies, Managing Inventory, And Driving Sales.

  • Strong Analytical Skills: As A Merchandise Manager, One Must Possess Strong Analytical Skills To Identify Sales Trends, Forecast Demand, And Make Data-Driven Decisions. This Involves Analyzing Sales Data, Tracking Inventory Levels, And Understanding Customer Behavior To Make Effective Merchandising Decisions.

  • Excellent Communication And Leadership Skills: A Merchandise Manager Must Have Excellent Communication And Leadership Skills To Effectively Manage A Team And Work Collaboratively With Other Departments. This Includes Delegating Tasks, Providing Feedback, And Communicating With Vendors And Upper Management.

  • Product Knowledge: A Successful Merchandise Manager Should Have A Strong Understanding Of The Products Sold At Five Below, As Well As The Latest Trends In The Industry. This Knowledge Is Essential For Creating A Successful Merchandising Strategy And Ensuring That The Product Mix Is Appealing To The Target Market.

  • Bachelor's Degree In Business Or Related Field: While Not Always Required, A Bachelor's Degree In Business Or A Related Field Can Be Beneficial For A Merchandise Manager Position At Five Below. This Provides A Strong Foundation In Business Principles And May Include Coursework In Retail Management, Marketing, And Merchandising.

Required Skills
  • Inventory Management

  • Budget management

  • customer service

  • Sales Analysis

  • Visual merchandising

  • Team Leadership

  • Vendor Relations

  • Store Operations

  • Promotional Planning

  • Trend Forecasting

  • Product Sourcing

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Critical thinking

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Merchandise Manager in Columbus, OH, USA is $50,000 to $90,000 per year. This range can vary depending on factors such as the size and type of company, years of experience, and specific job responsibilities.

Some factors that may affect the salary of a Merchandise Manager in Columbus, OH include:

  1. Company Size: Larger companies tend to have higher budgets and more resources, which can result in higher salaries for Merchandise Managers.

  2. Industry: The industry in which the company operates can also play a role in salary. For example, a Merchandise Manager in the fashion industry may have a higher salary compared to one in the grocery industry.

  3. Experience: As with most jobs, experience can impact salary. A Merchandise Manager with several years of experience may be able to negotiate a higher salary compared to someone with less experience.

  4. Performance: Merchandise Managers who consistently meet or exceed sales targets and contribute to the company's bottom line may be eligible for bonuses and higher salaries.

  5. Location: The cost of living in a particular city or state can also affect salary ranges. Columbus, OH has a lower cost of living compared to other major cities, which may result in a slightly lower salary range for Merchandise Managers.

Overall, the salary range for a Merchandise Manager in Columbus

Additional Information
Five Below is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedSeptember 10th, 2024
Apply BeforeMay 10th, 2026
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About Five Below

Five Below Inc. is an American chain of specialty discount stores that sells products that are less than $5, plus a small assortment of products from $6 to $25. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens.

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