Allocator

ALLOCATOR

Who You Are:

Michael Kors is looking for an Allocator who will be responsible for the merchandise allocation for a global retail business with the objective of meeting financial and merchandising goals. The Allocator will help to identify opportunities at a store level and communicate them to the team in order to drive business. Duties include initial purchase order allocation, maintenance of warehouse back stock, managing transfers and reorders and partnering with buying and planning team to ensure proper merchandise assortment by door. Strong analytical skills, creative problem-solving skills and ability to thrive in an entrepreneurial environment are a must.

What You’ll Do:

• Manage purchase orders from initial allocation through end of life cycle of merchandise, including replenishment and consolidation of goods to other stores or channels.
• Manage overall store inventory levels based on store capacity, attributes, seasonality and selling curves. Monitor flow of initial assortments as well as reorders to stores by classification, delivery/group and by style whenever necessary.
• Identify and communicate sales opportunities and stock liabilities by door on a regular basis. Ensure that buy quantities and stock levels meet current sales trends and maximize readiness for key selling time periods.
• Ensure strong stock position by door on core, seasonal basics and item programs. Partner with the Buying team to maximize sales and profit by monitoring sales and stock penetrations on key programs as well as clearance and aging by door.
• Manage basic stock replenishment programs.
• Take ownership of warehouse inventory and aged inventory by door. Be aware and highlight any shipping issues that may affect business.
• Partner with Planner to recap business at by door level and create best seller/hindsight reports on a weekly, monthly and quarterly basis to allow for a thorough analysis of the business. Communicate and champion needs of the stores.
• Establish strong relationships with buying/planning team and stores in order to better understand merchandising strategies and needs of the business. Visit stores at least once a month with the team
• Initiate and develop actionable analysis to recap business by classification and subclass at a store level in order to partner with planning and buying team to determine store attributes and create strategies to drive sales and achieve gross margin profitability by door.
• Recommend changes and/or enhancements to the current procedures and systems for the allocation and replenishment functions.

You’ll Need to Have:

• Minimum Bachelor’s Degree
• Preferred interest in Finance, Accounting, and/or Supply Chain
• 0-1 Years of Planning or Allocation Experience
• Computer Literate – Advanced Excel Skills
• Ability to work in NYC office 3 days a week

We’d Love to See:

• You’re a numbers person who enjoys exposure to product
• Strong analytical and creative problem-solving skills
• Ability to thrive in an entrepreneurial environment

MK Perks:

• Generous Paid Time Off & Holiday Calendar
• Summer Fridays
• Internal Mobility Across Brands
• Cross-brand Discount
• Exclusive Employee Sales
• Fav 5 Cards (MK Discount for friends and family)
• 401k Match
• Paid Parental Leave
• Thrive Wellness Program
• Commuter Benefits
• Gym Discounts

The Company is an equal employment opportunity employer. The Company’s policy is not to unlawfully discriminate against any applicant or employee on the basis of race, color, sex, sexual orientation, gender identity, religion, national origin, age, military status, disability, genetic information or any other consideration made unlawful by applicable federal, state, or local laws. The Company also prohibits harassment of applicants and employees based on any of these protected categories.

At Capri Holdings Limited, we are committed to providing a fair and accessible recruitment process. If you require a reasonable accommodation for the interview or application process, please contact our Talent Acquisition team at CapriTalentAcquisition@CapriHoldings.com.

In compliance with certain Pay Transparency laws, employers are required to disclose a salary range. The salary for this position will vary based on role requirements, skill set and years of experience.