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Senior Planner

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At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 20,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

RESPONSIBILITIES

Merchandise Financial Planning:

Leverage corporate financial targets to develop seasonal sales, inventory, and margin plans by Department-Classification and store groups

Assortment Planning:

Determine style-color and depth targets by attribute and store group for each area of business to support product selection in market

Manage SKU & style intensive category

Manage location intensive assortments

Demand Planning:

Develop sales forecasts and buy quantity estimates to determine the appropriate inventory levels for each product considering factors such as lead times, seasonality, and turn targets to optimize inventory investment

Open-to-Buy Management:

Manage the open-to-buy (OTB) budget for a category of business, $50-150M, to ensure inventory investment funds sales and margin plans, adjusting as necessary

Inventory Management:

Manage inventory levels and receipts to ensure optimal stock vs. sales levels, monitoring in season to minimize stockouts and overstocks

Markdown and End-of-life Management:

Manage markdown and MOS budgets to balance inventory ownership and margin objectives

Collaborate with key partners to identify pricing and liquidation opportunities to manage the transition of products

Analyze sales performance and make recommendations for pricing adjustments, promotions, and markdowns to optimize profitability

Performance Analysis:

Analyze sales, inventory, and margin performance to assess the effectiveness of merchandising strategies and identify areas for improvement, providing insights and recommendations to Buyers for optimizing assortment and inventory levels

Leverage weekly business insights to understand item level performance to maximize in season opportunities, minimize liability, and inform future seasons

Generate regular reports and analysis to provide insights into sales, inventory, and profitability metrics to senior management

Test multiple business strategies simultaneously, quantifying & communicating business impacts and be able to report results clearly and concisely to Executive management

Leadership:

Create and maintain alignment among peers on merchandising and allocation teams on forecast changes and inventory strategies

Participate in regular meetings and strategic discussions to provide input on merchandise planning strategies

Grow and develop Associate Planner, providing appropriate opportunities for training, career development, and talent retention

QUALIFICATIONS

5-7 years of experience in a retail or wholesale environment, including time spent as a planner

Bachelor’s Degree

Demonstrated retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures

Excellent verbal and written communication skills, including ability to present complex information in a clear and compelling manner

Peer leader capable of creating alignment among cross-functional stakeholders by building strong business cases and driving execution

Attention to detail and strong time management, organizational, and interpersonal skills

Ability to manage multiple priorities in a fast-paced environment

Advanced proficiency in Excel, Word, and PowerPoint

Knowledge of PowerBI, Microstrategy, 09 MFP, and Oracle RMS a plus

Five Below is an Equal Opportunity Employer

Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcome

Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.

Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new

BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below's Career Site to verify the posting. fivebelow.com/info/careers

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$95000 / YEARLY (est.)

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$80000K

$110000K

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What You Should Know About Senior Planner, Five Below

At Five Below, located in the heart of Philadelphia, PA, we're on the lookout for a passionate Senior Planner to join our vibrant team! Here at Five Below, we believe that life is better when you can just Let Go & Have Fun, and that’s exactly what we strive to provide to our associates and customers alike. As a Senior Planner, you'll be instrumental in shaping our merchandising strategies to support our incredible growth. You will have the exciting responsibility of developing seasonal sales, inventory, and margin plans, allowing you to show up your mastery in merchandise financial planning. You'll not only determine style-color and depth targets but also get to manage our SKU and style-intensive categories to deliver outstanding product selections. With your keen analytical skills, you will develop sales forecasts, manage our open-to-buy budget, and craft strategies that optimize our inventory investment. Your insights will help drive performance analysis, enhancing both sales and profitability, while your leadership will guide our Associate Planner's development. So if you have the experience and an eye for detail, we invite you to bring your energy and creativity to Five Below, where the possibilities are endless, and every day is an opportunity to make a difference!

Frequently Asked Questions (FAQs) for Senior Planner Role at Five Below

What are the primary responsibilities of a Senior Planner at Five Below?

The Senior Planner at Five Below is responsible for a variety of key tasks that drive our merchandising strategies. This includes developing seasonal sales, inventory, and margin plans, managing assortment planning by determining style-color and depth targets, and overseeing demand planning to ensure optimal stock levels. You will also manage the open-to-buy budget for a category of business, analyze inventory and performance metrics, and collaborate with cross-functional teams. Your role ensures that our inventory aligns with sales opportunities and margin goals.