What are the responsibilities and job description for the Associate Merchandise Planner position at Arhaus?
Arhaus was founded in 1986 on a simple idea: Furniture and décor should be sustainably sourced, lovingly made, and built to last. Today, we partner with artisans around the world who share our vision, creating beautiful, heirloom-quality pieces that can be used – and loved – for generations.
The Associate Merchandise Planner is responsible for creating and maintaining monthly and yearly financial plans for their assigned categories and effectively partnering with the Merchandising, Sourcing, Channel (Stores / Ecom) and Distribution & Logistics teams on identifying and implementing strategies to achieve the approved plans.
Essential Duties & Responsibilities:
- Develop annual / seasonal / monthly category merchandise financial plans in accordance with company goals, historical performance and trend analysis.
- Create SKU level sales and inventory plans for seasonal Investment Reviews to ensure the correct inventory levels in place to support category plans.
- Continuously analyze and reforecast the Open to Buy and recommend / execute strategies to maximize opportunities and minimize risk.
- Monitor and manage inventory levels throughout product lifecycle to stay in line with the turn and inventory plan, partnering with Sourcing and Vendors to adjust on order where appropriate.
- Develop and execute price actions to drive sales and margin across new products, promotions and markdowns.
- Evaluate stock and sales by store or DC for replenishment product and make recommendations to balance inventory and drive SKU productivity.
- Conduct detailed SKU hindsight analysis and present findings and actions to maximize SKU productivity, margin and turn.
- Set and communicate KPI targets and updates (e.g. SKU Count & Productivity, Sales, Margin and Inventory targets) to Merchandising partners
Requirements:
- Bachelor’s Degree or equivalent business experience
- Minimum 3 years of experience in Merchandise Planning, Allocation or Buying
- High proficiency in Excel
- Thorough understanding of retail math
- Strong analytical curiosity and critical thinking
- Drive to problem-solve, continuously improve and execute
- Strong written and verbal communication skills
- Self-motivated and able to work in a dynamic / fluid environment with efficiency, accuracy and sense of urgency
Arhaus is an Equal Opportunity Employer and prohibits discrimination and harassment of any kind. Arhaus is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Arhaus are based on business needs, job requirements, and individual qualifications, without regard to race, color, sex, sexual orientation, gender identity, religion or belief, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Arhaus will not tolerate discrimination or harassment based on any of these characteristics. Arhaus encourages applicants of all ages.