What are the responsibilities and job description for the Pricing Strategist position at Bachman's Inc.?
Pricing Strategist
Minneapolis, MN
Bachman’s is committed to creating a caring environment while inspiring a passion for bringing beauty to life.
Join Bachman's as a Pricing Strategist and play a key role in shaping pricing strategies that drive growth and profitability. As the merchandising team's pricing expert, you'll turn data into action by building pricing frameworks, evaluating market trends, and recommending pricing, promotion, and markdown strategies that deliver results.
If you're analytical, strategic, and energized by influencing key decisions, this is your opportunity to make a measurable impact.
Position Duties:
- Develop and maintain pricing strategies, including price points, price ladders, and category pricing structure.
- Partner with Category Managers and Merchants to set pricing for new products and assortments while meeting margin goals.
- Conduct seasonal pricing reviews and recommend targeted retail price adjustments.
- Establish and manage pricing guidelines across stores, grocery, and e-commerce channels.
- Lead markdown and clearance strategies, forecasting sales, margin, and inventory impacts.
- Create markdown programs for live plants and floral products to balance sell-through and shrink.
- Evaluate promotional performance and recommend future pricing and promotional actions.
- Monitor competitor pricing and maintain competitive pricing on key value items.
- Track, analyze, and report pricing and margin performance through recurring scorecards and KPI reporting.
- Analyze price elasticity, product mix, and pricing trends to identify margin improvement opportunities.
- Assess the financial impact of pricing decisions before implementation and measure results afterward.
- Manage the price change process, including approvals, system updates, effective dates, and communication.
- Partner with store teams to ensure accurate execution of price changes and signage compliance.
- Maintain pricing policies, procedures, and documentation to ensure consistent pricing decisions across the organization.
- Perform other duties as assigned.
- Bachelor's degree in business, finance, economics, analytics or a related field, or equivalent experience.
- 5 years in retail pricing, merchandise planning, merchandising analytics or buying, with direct ownership of pricing or markdown decisions.
- Strong command of retail math: IMU, gross margin, markdown rate, sell-through, ASP and margin mix.
- Track record of turning analysis into recommendations that merchants acted on, with measurable margin results.
- Confidence to influence peers and leaders without authority, and to push back with data.
- Clear communicator who can present findings simply to merchants, store leaders and executives.
- Employee Discount
- Medical Insurance
- Dental Insurance
- Vision
- Life and AD&D
- Disability, Accident, Critical Illness Insurance
- 401(K)
- ID Watchdog
- Pet Insurance
- Wellness
- Employee Assistance Program (EAP)
- PTO
- Paid Holidays (6/year)
Don’t settle, come grow with us!
Bachman’s is an Equal Opportunity Employer
Salary : $80,000 - $90,000