What are the responsibilities and job description for the Merchant - Tools position at Lowes?
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Your Impact
Merchants are responsible for all aspects of daily business within their assigned product assortments. This role will have financial accountability, including P&L and buying responsibility for assigned products. Merchants will innovatively solve for customer needs, grow market share, capitalize on business and product opportunities, improve upon merchandising localization and merchandising productivity. The Merchant will manage their assigned product assortments within the direction and objectives set forth by their MVP/DMM. The Merchant may have a team of direct reports, ranging from 1 to 3 associates with responsibility for making hiring decisions including hiring and terminations, performance management and coaching.
What You Will Do
Responsible for the P&L performance of assigned product category and has buying responsibility
Creates direction and strategy for assigned category-specific products that exceeds customer expectations and meets Product Line Review objectives
Create appealing product assortments and pricing strategies in assigned categories that align with brand vision/strategy and through an omni-channel lens, such as market localization and partnering with online merchandising
Translates strategy into actionable tactics that execute and meet or exceed objectives including sales, gross margin dollar, and inventory turn
Provides support and direction to support functions and merchandising team including performance management, accountability and coaching, and makes hiring decisions
Maintains an effective, day-to-day relationship with vendors, negotiations, providing feedback, and acquiring new relationships
Maintain industry expertise to stay aware of new trends/business to optimize product category success
Maintain strong, effective relationships with vendors to drive innovation and product development
Minimum Qualifications
Bachelor's degree Related Field and 5-7 Years Merchandising Experience
3-5 Years Merchandising Experience
Preferred Skills/Education
Cross-functional rotation experience outside of core merchandising
Experience in retail buying at large or big box retail
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
