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Merchandising Manager (Charles & Keith)

Minor Lifestyle

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5-7 Years
3 months ago
59 Viewed
0 Applied

Job Description

Job Purpose:

The Merchandising Manager will be responsible for all merchandising, buying, inventory management and promotion activities for the brand. The Merchandising Manager works closely with Brand Manager and the team to form the merchandizing strategy for the brand.

Main Responsibilities:

  • Developing the assortment strategy, product selection and category plans for Business manager approval
  • Determining product allocation, replenishment and reallocation and preparing allocation plans for Business Manager approval
  • Preparing sales forecasts and determining OTB Budget for Brand Manager approval
  • Managing product orders and product lifecycle
  • Determining product pricing for new arrivals and adjusting product pricing for discount items for approval by the Business Manager
  • Conducting detailed sales and margin analysis to drive merchandising plans and boost sales
  • Controlling stock levels based on forecasts for the season
  • Analysing every aspect of bestsellers (for example, the best-selling price points, colours or styles) and ensuring that they reach their full potential
  • Monitoring slow sellers and taking action to reduce prices or set promotions as necessary
  • Analysing the previous season and current season
  • Preparing the promotion strategy and promotion calendar
  • Managing product promotions and collaborating with the Retail Marketing Manager to plan for sales and outside promotions and events

Qualifications

  • Bachelor's Degree in Business Administration or related field
  • Minimum 5 years of experience in merchandising, inventory management or retail marketing
  • Background in retail/apparel/ fashion/ fashion accessories.
  • Graduated in fashion or retail management is a plus
  • Leadership & Supervisory skill
  • Understanding of what motivates customers to buy particular products
  • Good analytical skills to work out present and future trends
  • Communication and team-working skills
  • Ability to work under pressure in a fast-paced environment
  • Negotiation skills and ability to influence others
  • Numeracy skills and ability to use computer modelling software (Excellent in Ms excel esp. Pivot Table, Vlook up)
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