What are the responsibilities and job description for the Ralph Lauren Allocator, Collection and FW&J position at BoF Careers?
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
Support sales and profitability of the DTC - North America product line through managing functions of distribution and retail analysis for Womens Collection. Execute and replenish distribution plans that support the financial objectives of the assigned division.
Essential Duties & Responsibilities
Inventory Management: Ensure the financial success of one or more departments by meeting or exceeding sales, gross margin, gross margin return on investment (GMROI) and inventory turn goals Utilize current systems to monitor basic and fashion allocations to support financial goals Develop and implement allocation strategies for seasonal products and peak selling periods that support style selling trends and optimize available inventory Maintain accurate unit forecasting by department by utilizing the Unit Distribution Forecast tool Ensure inventory levels support style/color/size and APS goals Recommend buy quantities/ store distribution based on APS and WOS. Collaborate to determine minimum/maximum quantities for lower volume stores - Preseason/In season Maintain inventory flow, store capacities, new store goals, repurpose and space allocation/fixture projects Maintain style and fixture minimums and maximums provided by Buying and Brand Presentation Adjust allocations strategies accordingly and execute action plans based on business climate Manage seasonal inventory appropriately to achieve "zero out" dates Ensure product flow to stores maintain proper in-stock levels Analyze and recap style/color/size selling trends across the various store attribute filters (destination, climate, alpha, district) pre and post season Generate store reports weekly and monthly (including: in stock report, key item recaps, etc.) and make recommendations based on analysis Create appropriate size breaks by product category to support selling Execute pre-pack optimization strategies Participate in distribution meetings, business reviews, product reviews, store visits and other business meetings sharing allocation opportunities and strategies Create in-season store tiers as needed based on current trends to support initials and flow allocations Create in-season minimums to be used in allocations to maintain in-stocks Establish and maintain effective working relationships within both the allocation team and the cross-functional Product team (Planning, Buying, Brand Presentation, Distribution Center, Stores, etc.) Communicate with peers to ensure consistency of information; share best practices and develop systems knowledge Responsible for continuous education on various tools and core competencies in relation to development plan
Experience, Skills & Knowledge
Skills/Behaviors: Proficient in retail math Strong analytical and problem-solving skills Demonstrates strong listening, written and communication skills Ability to manage multiple tasks simultaneously Highly organized, detail-oriented and accurate Able to develop and maintain effective cross-functional relationships Systems & Tools: Computer proficiency (i.e. Office Suite); ability to learn technical applications quickly Knowledge of V-lookups, H-lookups, and pivot tables Impact Analytics Allocation a plus
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
Support sales and profitability of the DTC - North America product line through managing functions of distribution and retail analysis for Womens Collection. Execute and replenish distribution plans that support the financial objectives of the assigned division.
Essential Duties & Responsibilities
Inventory Management: Ensure the financial success of one or more departments by meeting or exceeding sales, gross margin, gross margin return on investment (GMROI) and inventory turn goals Utilize current systems to monitor basic and fashion allocations to support financial goals Develop and implement allocation strategies for seasonal products and peak selling periods that support style selling trends and optimize available inventory Maintain accurate unit forecasting by department by utilizing the Unit Distribution Forecast tool Ensure inventory levels support style/color/size and APS goals Recommend buy quantities/ store distribution based on APS and WOS. Collaborate to determine minimum/maximum quantities for lower volume stores - Preseason/In season Maintain inventory flow, store capacities, new store goals, repurpose and space allocation/fixture projects Maintain style and fixture minimums and maximums provided by Buying and Brand Presentation Adjust allocations strategies accordingly and execute action plans based on business climate Manage seasonal inventory appropriately to achieve "zero out" dates Ensure product flow to stores maintain proper in-stock levels Analyze and recap style/color/size selling trends across the various store attribute filters (destination, climate, alpha, district) pre and post season Generate store reports weekly and monthly (including: in stock report, key item recaps, etc.) and make recommendations based on analysis Create appropriate size breaks by product category to support selling Execute pre-pack optimization strategies Participate in distribution meetings, business reviews, product reviews, store visits and other business meetings sharing allocation opportunities and strategies Create in-season store tiers as needed based on current trends to support initials and flow allocations Create in-season minimums to be used in allocations to maintain in-stocks Establish and maintain effective working relationships within both the allocation team and the cross-functional Product team (Planning, Buying, Brand Presentation, Distribution Center, Stores, etc.) Communicate with peers to ensure consistency of information; share best practices and develop systems knowledge Responsible for continuous education on various tools and core competencies in relation to development plan
Experience, Skills & Knowledge
Skills/Behaviors: Proficient in retail math Strong analytical and problem-solving skills Demonstrates strong listening, written and communication skills Ability to manage multiple tasks simultaneously Highly organized, detail-oriented and accurate Able to develop and maintain effective cross-functional relationships Systems & Tools: Computer proficiency (i.e. Office Suite); ability to learn technical applications quickly Knowledge of V-lookups, H-lookups, and pivot tables Impact Analytics Allocation a plus
