Associate Planner, Accessories - PFS

Ralph Lauren Lyndhurst , NJ 07071

Posted 2 months ago

Associate Planner, Accessories

  • PFS

Ref #:
5571582

Department:

Planning

City:

Lyndhurst

State/Province:

New Jersey

Country:

United States

Company Description

Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, and Club Monaco, among others, constitute one of the world's most widely recognized families of consumer brands.

#LI-JL1

Position Overview

Responsible for developing financial plans that deliver department objectives. Responsible for implementation of strategies for span of control to profitably drive business results while considering impact to division. Manage and plan merchandise inventory positions to drive departmental sales, inventory, profit and turnover objectives. Provide pre and in- season financial projections and strategies. Align Merchandise Assortment strategy with Financial Goals. Identify risks and opportunities to maximize profits. Contribute projects resulting in improved departmental systems and efficiencies.

Essential Duties & Responsibilities

Financial Planning

  • Develop and implement financial strategies by utilizing historical performance, current trend analysis, geographical/attribute based store research and cross-functional feedback

  • Communicate financial strategies in Business Reviews, Monthly Financial Review, and Assortment Strategy Meetings

  • Meet with cross-functional team to review business against projections, plans, and information weekly

  • Provide financial information while recommending actionable strategies based on current trends to drive business and manage inventories

  • Deliver strong presentations that clearly identify business opportunities/ issues and recommend actions/ solutions

  • Provide allocation team with direction and strategies to support financial goals

  • Manage team to ensure respective departmental strategies align to short and long term objectives

  • Assist planner with In-season Pricing and Promotion at style level

Assortment Planning

  • Assortment Planning tool / buy tool
  • FASHION
  • Quantify and ensure Assortment supports financial goals. Partner with buying counterpart on product ranking and work through assortment gaps/challenges

  • Manage clustering and attribute analysis

Inventory Management

  • Manage Key Item Planners (KIPs) to ensure that the flow of receipts supports the current and future business.

  • Maintain proper in-stock levels through KIP forecasting & allocation methodology

  • Own receipt reconciliation (Enterprise Planning)

Talent Management

  • Solicit Planner support when needed

  • Recognize and reward quality performance and teamwork. Celebrate success.

  • Lead by example, engage and inspire team

Process Leadership

  • Coordinate efforts of direct report to ensure consistency with departmental strategies

  • Develop and maintain cross-divisional peer relationships to share best practices

  • Identify and communicate opportunities where management support is needed on initiatives and strategies

  • Advocate for and integrate adoption of new technologies

Experience, Skills & Knowledge

Education

  • Bachelor's (B.A. or B.S.)
  • 3+ years of experience

Required Skills

  • Proficient in retail math and cost accounting

  • Strong analytical and problem-solving skills

  • Demonstrates strong listening, written and communication skills

  • Ability to manage multiple tasks simultaneously

  • Highly organized, detail-oriented and accurate

  • Able to develop and maintain effective cross-functional relationships

Systems Knowledge

  • Computer proficiency (i.e. Office Suite); ability to learn technical applications quickly

Associate Planner, Accessories

  • PFS
  • < back to search results

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Accountable for development and implementation of strategic vision to maximize profitability both in-season and pre-season - inclusive of Sales, Gross Margin, and Turn. Align Merchandise Assortment strategy with Financial Goals. Drive and/or contribute projects resulting in improved departmental systems and efficiencies. Essential Duties & Responsibilities Financial Planning * Initiate and implement financial strategies by utilizing historical performance, current trend analysis, geographical/attribute based store research and cross-functional feedback * Utilize the Enterprise Planning system to plan sales, margin, and inventory components for pre and in season; complete ownership of Open to Buy * Initiate financial strategies in Business Reviews, Monthly Financial Review, and Assortment Strategy Meetings * Analyze, conclude, and recommend strategies to drive business and manage inventories * Influence and persuade audience through strong presentations to gain consensus * Direct and manage team to ensure departmental strategies align to short and long term objectives * Accountable for development of in-season pricing and promotion strategies Assortment Planning * Quantify and ensure Assortment supports financial goals for Key Items and Fashion product * Collaborate with buyer to work through assortment gaps/challenges * Manage / oversight style level planning for both fashion and basic store clustering and attribute analysis Inventory Management * Pre & In-season planning and management of inventory by delivery/selling season * Ensure product flow maintains proper in-stock levels * Oversee Associate Planner to ensure optimal sizing in both initial and replenishment receipts * Accountable for risk and opportunity associated with receipt management and reconciliation Talent Management * Coach and develop planning and allocation team to develop and execute strategies that the business * Manage and support the career development of the associate planning and allocation team by identifying and developing bench strength * Assess and leverage planning and allocation team's strengths and address development needs * Provide feedback and direction to planning and allocation team to foster skill development and performance improvement * Partner with Director to solicit decision support when needed * Recognize and reward quality performance and teamwork. Celebrate success * Lead by example, engage and inspire team Process Leadership * Partner closely with team leaders to align cross-functional processes and objectives * Coordinate efforts of direct reports to ensure consistency of planning practices * Develop and maintain cross-divisional peer relationships to share best practices * Identify and communicate opportunities where management support is needed on initiatives and strategies * Cultivate a collaborative, creative, results-oriented work environment * Assume leadership role in change management process * Advocate for and integrate adoption of new technologies Experience, Skills & Knowledge Education * Bachelor's (B.A. or B.S.) Experience * 5+ years of Planning experience Required Skills * Proficient in retail math and cost accounting * Strong analytical and problem-solving skills * Demonstrates strong listening, written and communication skills * Ability to manage multiple tasks simultaneously * Highly organized, detail-oriented and accurate * Able to develop and maintain effective cross-functional relationships * Develop strong relationships throughout the organization * Strong leadership and team building skills including the ability to motivate, negotiate and influence effectively across departments and divisions Systems & Tools * Microsoft Office Suite * Enterprise Planning * Island Pacific * PromoMD/Relate * Microstrategy/DSS * GFE+ Planner, Accessories - PFS * < Back to search results Apply now Share Share Planner, Accessories - PFS with Facebook Share Planner, Accessories - PFS with Twitter Share Planner, Accessories - PFS with a friend via e-mail Job Notifications Sign up to receive job notifications. 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Associate Planner, Accessories - PFS

Ralph Lauren