Merchandise Planner

Welcome to Five Below, where everything is just $5 or less! We are seeking a highly motivated and detail-oriented Merchandise Planner to join our growing team. Are you passionate about retail and have a knack for numbers? Do you thrive in a fast-paced environment and have a keen eye for trends? If so, we want you to be a part of our dynamic and energetic company. As a Merchandise Planner, you will play a crucial role in forecasting, analyzing, and strategizing our product inventory to ensure maximum sales and profitability. Join us in our mission to provide high-quality, trend-right products at affordable prices and make a positive impact in the lives of our customers.

1. Develop and maintain a comprehensive understanding of our target market and customer preferences.
2. Collaborate with buying and marketing teams to determine product assortment and quantities based on sales data and market trends.
3. Create and manage merchandise plans and forecasts for each product category and store location.
4. Monitor and analyze sales performance, inventory levels, and market trends to make recommendations for product assortment and inventory levels.
5. Work closely with vendors to negotiate pricing, quantities, and delivery timelines.
6. Utilize data and sales trends to identify opportunities for growth and make strategic recommendations for product expansion or discontinuation.
7. Ensure timely and accurate execution of inventory plans and replenishment strategies.
8. Conduct regular store visits to gather feedback and insights on product performance and customer preferences.
9. Collaborate with cross-functional teams to develop and implement promotional and pricing strategies.
10. Ensure inventory levels are maintained to support sales and minimize excess inventory.
11. Continuously review and analyze sales data to identify potential risks and opportunities.
12. Communicate with store managers and buying team to ensure clear understanding of inventory needs and goals.
13. Monitor and adjust inventory levels to meet seasonal and promotional demand.
14. Identify and resolve inventory discrepancies and issues.
15. Stay updated on industry trends and competitor strategies to make recommendations for improvement.
16. Train and mentor junior merchandise planners, providing guidance and support as needed.

According to JobzMall, the average salary range for a Merchandise Planner in Philadelphia, PA, USA is between $50,000 to $80,000 per year. This can vary depending on factors such as experience, company, and industry.

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.