Merchandise Strategy Specialist

3 days ago

Bengaluru, Karnataka, India beBeeAllocator Full time ₹ 8,00,000 - ₹ 12,00,000
Job Title: Retail Allocator

The ideal candidate will have a strong background in merchandise planning and be able to develop and implement strategies to drive sales and revenue growth.

About the Role:
  • Assist in creating merchandise assortment plans for all stores aligned with sales targets
  • Develop buying plans for assigned categories including Option plans and depth analysis
  • Set Average Retail Price (ARP) targets for product categories
  • Formulate Stock to Sale plans for the season including EOM (End of Month) and BOM (Beginning of Month)
  • Calculate Open to Buy (OTB) to ensure optimal inventory levels
Key Responsibilities:
  • Provide inputs for setting monthly targets by breaking them down into product categories
  • Track target versus achievement metrics regularly
  • Prepare merchandise plan reports and analyze product performance at a Look-to-Look (Lk2Lk) level
What We Offer:
  • Ensure ideal stock cover is maintained for each product category
  • Monitor and manage dormancy and pullback within defined norms
  • Generate weekly sell-through reports and photo sell-through reports for sales tracking
Benefits:
  • Formulate product category-wise dispatch plans and monitor planned vs actual dispatches
  • Develop allocation plans for stores based on dispatch plans and size-wise analysis
  • Track allocation against actual dispatches to ensure accuracy
Requirements:
  • Keep track of new launches including competitor products, windows, and schemes
  • Conduct competition mapping to inform merchandise strategies
  • Support training initiatives related to merchandise, product, and visual merchandising (VM)
Qualifications:
  • Monitor and analyze category contribution percentage to overall business on a Look-to-Look basis
  • Identify and recommend new designs for addition to the category
Additional Information:
  • Collaborate with VM and design teams for successful IGTM planning
  • Coordinate dressing up key stores and rollout of IGTM initiatives across multiple stores

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