Merchandise Manager

Welcome to Five Below, where everything is just $5 or less! We are currently seeking a dynamic and driven Merchandise Manager to join our team. As a rapidly growing retail company, we are looking for someone who is passionate about merchandising, has a keen eye for trends, and is excited to bring our customers the latest and greatest products at an unbeatable value. If you thrive in a fast-paced and collaborative environment, have a strong understanding of retail operations, and love to inspire and develop a team, then we want to hear from you! Keep reading to learn more about the qualifications and responsibilities for this exciting role.

1. Develop and implement merchandising strategies to drive sales and meet company goals.
2. Stay up-to-date on industry trends and customer preferences to make informed buying decisions.
3. Collaborate with cross-functional teams including marketing, operations, and finance to ensure successful execution of merchandising plans.
4. Conduct regular store visits to monitor and analyze product performance, inventory levels, and visual merchandising standards.
5. Create and maintain strong vendor relationships to negotiate pricing, terms, and product availability.
6. Manage inventory levels and make timely replenishment decisions to ensure optimal product availability.
7. Train and coach store teams on merchandising standards and best practices.
8. Conduct regular performance evaluations and provide feedback to team members to drive growth and development.
9. Conduct competitive analysis to identify opportunities and make recommendations for assortment improvements.
10. Oversee the pricing and markdown process to maximize profitability.
11. Monitor budget and expenses related to merchandising activities.
12. Ensure compliance with company policies and procedures related to merchandising.
13. Develop and maintain merchandising reports to track sales, inventory, and product performance.
14. Participate in the development of quarterly and annual merchandise plans and budgets.
15. Identify and address any operational issues related to merchandising in a timely and efficient manner.
16. Collaborate with visual merchandising team to ensure products are showcased effectively and in line with company branding.
17. Stay informed about industry trends, market conditions, and competitor strategies to make informed business decisions.
18. Plan and execute seasonal and promotional events to drive sales and engage customers.
19. Foster a positive and collaborative team environment, promoting open communication and teamwork.
20. Continuously seek opportunities for process improvements and implement them to drive efficiency and productivity.

According to JobzMall, the average salary range for a Merchandise Manager in Lone Jack, MO 64086, USA is $67,073 - $85,774 per year. This may vary depending on factors such as experience, education, and the specific industry or company the individual is working for.

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.