Five Below, Inc. Philadelphia , PA 19107
Posted 2 weeks ago
At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 17,000 associates who work at Five Below and they'll tell you there's no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.
It's all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!
POSITION SUMMARY
The Senior Merchandise Planner owns sales, margin, and inventory forecasting for a department with high complexity and sales >$150M annually in an omni-channel environment. They are a leader on the Planning Team, providing peer support and developing a direct report Associate Planner. This role is highly detail-oriented, incorporating top-down, bottoms-up, and demand planning. The ability to work closely with cross-functional partners on the merchandising and allocation teams, creating alignment through the share out of detailed analysis and recommendations is also critical to success in this role.
RESPONSIBILITIES
Merchandise Financial Planning:
Assortment Planning:
Determine style-color and depth targets by attribute and store group for each area of business to support product selection in market
Manage SKU & style intensive category
Manage location intensive assortments
Demand Planning:
Open-to-Buy Management:
Inventory Management:
Markdown and End-of-life Management:
Manage markdown and MOS budgets to balance inventory ownership and margin objectives
Collaborate with key partners to identify pricing and liquidation opportunities to manage the transition of products
Analyze sales performance and make recommendations for pricing adjustments, promotions, and markdowns to optimize profitability
Performance Analysis:
Analyze sales, inventory, and margin performance to assess the effectiveness of merchandising strategies and identify areas for improvement, providing insights and recommendations to Buyers for optimizing assortment and inventory levels
Leverage weekly business insights to understand item level performance to maximize in season opportunities, minimize liability, and inform future seasons
Generate regular reports and analysis to provide insights into sales, inventory, and profitability metrics to senior management
Test multiple business strategies simultaneously, quantifying & communicating business impacts and be able to report results clearly and concisely to Executive management
Leadership:
Create and maintain alignment among peers on merchandising and allocation teams on forecast changes and inventory strategies
Participate in regular meetings and strategic discussions to provide input on merchandise planning strategies
Grow and develop Associate Planner, providing appropriate opportunities for training, career development, and talent retention
QUALIFICATIONS
5-7 years of experience in a retail or wholesale environment, including time spent as a planner
Bachelor's Degree
Demonstrated retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures
Excellent verbal and written communication skills, including ability to present complex information in a clear and compelling manner
Peer leader capable of creating alignment among cross-functional stakeholders by building strong business cases and driving execution
Attention to detail and strong time management, organizational, and interpersonal skills
Ability to manage multiple priorities in a fast-paced environment
Advanced proficiency in Excel, Word, and PowerPoint
Knowledge of PowerBI, Microstrategy, 09 MFP, and Oracle RMS a plus
Five Below is an Equal Opportunity Employer
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!
Five Below is an Equal Opportunity Employer.
BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below's Careers Site at www.fivebelow.com/info/careers to verify the posting.
Five Below, Inc.