Merchandise Planner-Urban Outfitters
Urban Outfitters - Philadelphia, PA

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To maximize sales by developing sound merchandise plans that support Company goals for sales, turn and margin.

Job Skills:
Expert command of retail math concepts and applications
Strong statistical analysis skills
Strong communication skills
Excellent organizational, prioritizing and problem-solving skills
Ability to work well within a team environment
Technical skill proficiency with Microsoft Word and Excel

Ensure the financial success of one or more departments by meeting or exceeding sales, gross margin, and inventory turn goals

Formulate guidelines for style and customer choices (style OTB) based on business analysisProvide the buyer with purchase quantification of styles in order to maximize sales and inventory levels

Monitor and evaluate sales of current styles on a weekly basis, partnering with the buyer and the Divisional Planner to effectively manage receipts and inventory

Identify inventory levels needed to support the rate of sale and the markdown strategy for a merchandise area based on sell-through percent, WOS, and planned product life span

Develop style-level plans based on current forecast, historic trend and test information for key items

Analyze and revise the financial strategy for current trend or actual performance on a monthly basis to maximize sales and profitability.

Develop markdown strategy for a merchandise area based on sell-through percent and planned product life span. This includes both redlines and promotional strategies in stores

Conduct color-level planning based on the inventory need to support rate of sale, store presentation, targeted sell-through percent, and the current risk parameters and historical trends (long range goal)

Develop entrance and exit strategies for styles

Work in synergy with Buyer and Allocation Analyst toward common goals for the merchandise area. Look to Divisional Planner for guidance on all areas of responsibility. Divisional Planner and DMM are considered to be the leadership team for each division.

Education Requirement:
Bachelor's in Finance or Business related degree preferred

Experience Requirement: Two or more years experience in a Planning or Allocation Analysis role. Some experience in buying or store management is a plus.

Career Path: A Merchandise Planner should expect to spend 1-2 years gaining experience and achieving success before consideration for increased responsibility. Increased responsibility may be a Merchandise Planner for a larger business. With 2-4 years of experience and success a Merchandise Planner may be considered for promotion to Divisional Planner.

Some travel required

About this company
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Urban Outfitters, Inc. is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People and...