Under the direction of the Merchandising Director, the Merchandiser is responsible for managing the assigned product groups on a daily basis to ensure each item performs according to the financial goals set by senior management. Works closely with Logistics, Marketing, Planogramming, and other support groups on a regular basis to optimize the sales initiative for the assigned product and further enhance customer satisfaction. This position is a developmental step for a Merchandise Manager position.
Essential Functions and Responsibilities:
•Manage assigned product groups according to the financial goals and objectives set by senior management
•Monitor each product group on a regular basis to ensure sales opportunities are maximized as directed by the Merchandising Director
•Identify and drive new opportunities to improve product performance for each category
•Prepare financial analysis of each product group and understand the impact of the results
•Report to the Merchandising Director the state of the category as directed utilizing financial analysis and any necessary documentation
•Conduct Product Line Reviews as directed by the Merchandising Director
•Review industry research to remain current on market trends
•Under the direction of the Merchandising Director, negotiate with vendors as needed to secure the best opportunity for Lowe’s. Assumes negotiation responsibility once Merchandise Director determines proficiency
•Serves as the main Merchandising contact for the Implementation of new Merchandising processes and systems, communicating relevant information concerning the process/change through the appropriate channels to all members of the Merchandising team, Logistics team, vendors, store personnel and other applicable support groups.
•Ensure that all vendor and product documentation is complete and on file with required departments within the company
•Decision maker and point of contact if Merchandise Manager / Merchandising Director are unavailable
•Consistently understand the product offering of all competitors in the market and the potential impact to Lowe’s
•Regularly visit Lowe’s stores and those of the competitors to better understand the needs of the product categories
•Complete 2 weekday Lowe’s store visits per quarter (8 days per year), and 1 three-day market visit per year as required by the Lowe’s travel policy
Additional Duties and Responsibilities:
•Participate in the planning of product placement within the stores as defined by Store Planning
•Maintain a working knowledge of any new or updated policies, procedures and/or standard practices pertaining to Merchandising
•Effectively communicate any merchandising information to support teams outside merchandising
•Provide guidance and support to all team members that support the product category
•Maintain a professional and productive relationship with supporting vendors to ensure all product opportunities are identified and responded to effectively
•Maintain a professional and productive relationship with all supporting Lowe’s team members to ensure product requirement are managed effectively
•Assist Merchandise Manager and / or Merchandising Director in researching the market place for new and innovative product ideas
•Effectively communicate with Lowe’s store employees to ensure the needs of the customers are met
•Ensure merchandising team members adhere to the standards set forth in the Lowe’s Co. Statement of Business Ethics.
•Ensure that vendors and suppliers understand the requirement to comply with all applicable laws and regulations in the conduct of their business with Lowe's Companies, Inc.
•4 year degree or equivalent work experience
•3 - 4 years experience in one or more of the following areas: purchasing, buying, merchandising, brand management or related field
•Excellent oral and written skills
•Superior analytical skills, particularly in the area of financial and strategic analysis
•Ability to interface effectively with management at all levels of the organization
•Excellent time management/organizational skills
•Ability to handle multiple task simultaneously
•2 years experience in retail product merchandising
•Knowledge of Lowe’s Merchandising systems
•High degree of familiarity with the retail industry as a whole – preferably in the Home Improvement sector
With fiscal year 2011 sales of $50.2 billion, Lowe’s Companies, Inc. is a FORTUNE® 50 company that serves approximately 15 million customers a week at more than 1,750 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.
Lowe's - 18 months ago
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No longer a low-profile company, Lowe's Companies has evolved from a regional hardware store operator into a nationwide chain of home...