RWW Merchandise Planner 

Title: Merchandise Planner 

Overview: The merchandise planner will provide inventory analysis & management through monitoring sales, margin, inventory turn, mark-downs and market trends to forecast against plan/goal of the business. Their data will guide buyer budget & decisions both company wide and by individual locations. The planner will also play a role in marketing strategies based on trend research.

Reporting Structure: Reports to Director of Stores 

Key Accountabilities:

• Inventory Management 
• Optimizing Profit/Margin
• Reporting, Analysis & Insights
• Forecasting/Predictive Modeling 

Required Technical Knowledge: 

• Advanced retail math (Gross margins, Mark-ups, Mark-downs, Turn Rate, Average inventory, Breakeven analysis, Open to Buy, Sell through rate, Stock to sales ratio, etc.) 
• 4-6 years of retail planning, inventory management, financial planning and / or production planning education equivalent and/or experience 
• Microsoft Excel and/or related planning, finance, or analytical systems - Advanced 
• Data Analysis - Advanced 
• POS systems - Intermediate 
• Microsoft Office Suite - Advanced 
• Lightspeed - Intermediate 
• Looker - Intermediate 
• Shopify - Beginner 
• Marketing Platforms - Beginner 
• Spanish - Preferred 

Regular Execution:

• Pre-Season Planning - Connecting statistical analysis, assortment architecture, and merchant vision into a pre-season view of a merchandise plan.
• Develop weekly sales, markdown and receipt plans at the style level based on both trend and historical performance.
• Report writing 
• Identify hot selling merch to be added to models 
• Identify slow selling merch to be discontinued due to slow sales, market trends, etc. 
• Model stock maintenance 
• Monitor/analyze product sales for trends by style to forecast future buying decisions 
• Communicating with store managers on possible flow block of styles 
• End of Season Planning - Develop strategy for end of season markdowns 
• Monitor replenishment inventory on a regular cadence 
• Analyze actual sales to plan & forecast future merchandise buys 
• Improve capabilities around analytics, conclusions, recommendations, to assist in driving key milestone 

Required Outputs:

• Sales, margin, and probability reporting 
• Buying recommendation by category, by brand, and by store. 
• Create an accurate/usable "open to buy" for buying group 
• Inventory Plan by Store 
• Identifying most urgent needs to manage inventory levels in stores. 
• Routinely review product sales/turnover by category, by brand, and by store 
• KPI reporting - weekly/monthly 
• Analyze and maintain inventory product models and recommend timely replenishment orders 

Key Stakeholder Communications:

• Vendors 
• Planning leadership 
• Buyer 
• Store Managers 
• Marketing Team 
• General Manager 
• EComm Director 

Hidden Maintenance:

• Margin awareness 
• Awareness of sales by Russell's stores and in total." 
• Keeping up with the most updated software & apps relative to our operating systems to provide the most accurate reporting possible. 
• Lead times 
• Supply chain issues 
• Awareness of buyer issues 
• Market awareness, market trends 

Future Development: 

• Personalized development plan

Job Type: Full-time

Pay: $70,000.00 - $90,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Ability to Relocate:

• Tampa, FL 33614: Relocate before starting work (Required)

Work Location: In person