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Merchandise Planner (non-apparel) - LOFT Outlet

About usKnitWell Group, a specialty retail operating company, comprises some of the most iconic brands in America – Ann Taylor, Chico's, Haven Well Within, Lane Bryant, LOFT, Soma, Talbots, White House Black Market. Individually, our brands are unique and strong. Together, we are powerful.Our common thread is our commitment to create exceptional products, provide memorable experiences, and achieve superior results. Our associates are innovators who thrive through collaboration and are dedicated to excellence. At the heart of it all are the customers we serve. We are dedicated to creating fashion that not only looks good but also makes our customers feel good.Merchandise Planner (non-apparel) – LOFT OutletAbout the roleThe Merchandise Planner plays a key role in the pro-active management of the business to maximize sales, margin and inventory through strategic end-to-end optimization across all customer channels (direct consumer business), accountable for, by channel, pre-season and in-season. The Planner builds financial sales, gross margin and inventory plans for multiple departments in a given area. This work requires strong analytical and story-telling skills, the ability to build close partnerships with other functions, and a focus on executing best-in-class customer experience while delivering/exceeding financial targets.The Impact You Will Have• Accountable for departmental success. Responsible for OTB re-forecasting at a weekly level to reflect trends, alignment with company direction, and solutions for risks and opportunities.• Through analysis, strategic thinking, and collaboration develop the financial classification plans/key items plans for sales, margin and inventory.• Proactively identify issues and opportunities within product mix and use analytics and creative problem solving to drive profitable solutions.• Actively recommend markdown and liquidation strategies to maximize store profitability.• Collaborate with the merchant team to develop and communicate a comprehensive pre-season strategy that aligns financial and product opportunities across multiple departments, inclusive of style/sku targets, in-store dates, good/better/best framework, key attribute, and season code (time on offer).• Participate in all aspects of line building process with Merchandising Lead or participate in department projects to improve systems or efficiencies.• Ensure alignment of top/down and bottoms/up style/color plans with merchandising strategies and financial targets.• Partner with the Inventory Planning team to maximize profitability through pre-season store cluster analysis, initial allocation, DC management, and in-season management.• Drive profitability through leading and executing promotional and markdown strategies which align with divisional and brand financial goals.• Analyze business weekly as it relates to last forecast and last year, identify trends and highlight selling that exceeds or falls short of expectation.• Collaborate with other planners to drive consistency and best practices throughout the organization.You’ll bring to the role• Minimum 3-4 years of experience years of experience in planning which includes knowledge of buying and allocation. Retail experience preferred.• Undergraduate degree in finance, economics, accounting, business or related field-- MBA a plus• Excellent technical skills – MS Office (specifically Excel, Word)• Stores and/or direct experience required.• Customer-centric focus with understanding of customer needs and ability to understand market trends.• Ability to build strong relationships with a diverse group of cross functional partners and cascade the proper level of information to support decision making.• Possesses a clear understanding of financial measurements; sales, weeks of supply, inventory turn, sales thru and how to impact them.• Proven ability to interpret and synthesize data into intelligent business decisions.• Strong organizational and time management skills; able to handle multiple priorities.• Strong verbal and written communication skills• Ability to work in fast-paced, often-changing environmentBenefits• Merchandise discount at our brands: 50% off regular-priced merchandise at Ann Taylor, LOFT, Talbots & Lane Bryant (in store and online)• Support for your individual development plus career mobility within our family of brands• A culture of giving back – local volunteer opportunities, annual donation and volunteer match to eligible nonprofit organizations, and philanthropic activities to support our communities*• Medical, dental, vision insurance & 401(K)*• Employee Assistance Program (EAP)• Time off – paid time off & holidays*• The target salary range for this role is: $85,000 – 95,000• Any job offer will consider factors such your qualifications, relevant experience, and skills. Eligibility of certain benefits and associate programs are subject to employment type and role.Applicants to this position must be authorized to work for any employer in the US without sponsorship. We are not providing sponsorship for this position.This position works in a hybrid model, with three (3) days per week worked in the Times Square Tower office location and two (2) days per week worked remotely.#LI-MJ1Location:Times Square Tower-ANN-New York, NY 10036Position Type:Regular/Full timeEqual Employment OpportunityThe Company is committed to hiring and developing the most qualified people at all levels. It is our policy in all personnel actions to ensure that all associates and potential associates are evaluated on the basis of qualifications and ability without regard to sex (including pregnancy), race, color, national origin, religion, age, disability that can reasonably be accommodated without undue hardship, genetic information, military status, sexual orientation, gender identity, or any other protected classification under federal, state, or local law. We do not discriminate in any of our employment policies and practices. All associates are expected to follow these principles in all relationships with other associates, applicants, or others with whom we do business.
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What You Should Know About Merchandise Planner (non-apparel) - LOFT Outlet, Loft

If you're ready to take your planning expertise to the next level, then the Merchandise Planner (non-apparel) position at LOFT Outlet in New York, NY might just be the perfect fit for you! At KnitWell Group, we pride ourselves on providing exceptional products and experiences, and as a Merchandise Planner, you will play a pivotal role in maximizing sales and ensuring efficient inventory management across multiple customer channels. In this dynamic role, you'll leverage your analytical skills to build robust financial plans that drive sales, margin, and inventory performance. Collaborating closely with the merchant team, you'll craft comprehensive pre-season strategies that align product offerings with financial goals. You'll also be taking the lead on forecasting and inventory management, utilizing data and creative problem-solving to recommend markdown strategies that enhance store profitability. We value strong relationship builders, so your ability to work alongside diverse teams will be crucial. You'll report directly on market trends and store performance, ensuring we adapt quickly to meet consumer needs. With a minimum of 3-4 years of planning experience under your belt, you'll enter an environment that not only supports your individual development but also allows you to have a 50% merchandise discount across all our fantastic brands. So come join us at LOFT Outlet and make a lasting impact on our business while having fun in the fashion world!

Frequently Asked Questions (FAQs) for Merchandise Planner (non-apparel) - LOFT Outlet Role at Loft
What are the key responsibilities of a Merchandise Planner (non-apparel) at LOFT Outlet?

As a Merchandise Planner (non-apparel) at LOFT Outlet, you will be responsible for managing the business proactively to maximize sales, margin, and inventory. This includes developing financial sales plans, executing markdown strategies to boost store profitability, and collaborating with various teams to ensure that product and financial goals align.

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What qualifications are required for a Merchandise Planner at LOFT Outlet?

To qualify as a Merchandise Planner (non-apparel) at LOFT Outlet, you need a minimum of 3-4 years of planning experience, preferably within the retail sector. An undergraduate degree in finance, business, or a related field is essential, while an MBA is considered a plus. Strong analytical skills and proficiency in Excel are also required.

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How does the Merchandise Planner contribute to customer experience at LOFT Outlet?

The Merchandise Planner (non-apparel) plays a crucial role in enhancing customer experience at LOFT Outlet by driving inventory strategies that align with customer preferences and market trends. By utilizing analytics and collaborative efforts, you ensure the product mix meets customer needs, thereby creating a satisfying and memorable shopping experience.

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What kind of work environment can a Merchandise Planner expect at LOFT Outlet?

At LOFT Outlet, the Merchandise Planner (non-apparel) works in a hybrid model, spending three days a week at the Times Square Tower office in New York, NY, and two days working remotely. This flexible approach fosters collaboration while allowing for focused work at home.

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What are some of the benefits offered to Merchandise Planners at LOFT Outlet?

Merchandise Planners at LOFT Outlet enjoy a range of benefits that include a generous 50% merchandise discount across various brands, support for professional development, medical and dental insurance, 401(k) plans, paid time off, and opportunities for community engagement through volunteer work.

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Common Interview Questions for Merchandise Planner (non-apparel) - LOFT Outlet
Can you describe your experience with financial planning in retail?

When discussing your experience, focus on specific retail roles where you analyzed sales data, developed financial forecasts, and implemented strategies that enhanced profitability. Highlight your understanding of key metrics such as inventory turn and margin management.

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How do you approach collaboration with the merchant team?

Emphasize the importance of open communication and building strong relationships. Provide examples of how you've successfully collaborated on projects in the past, ensuring that product offerings align with financial goals.

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What strategies do you use for effective inventory management?

Discuss how you utilize data analysis to anticipate trends and manage inventory levels efficiently. Describe specific techniques you've employed for re-forecasting and addressing risks or opportunities.

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Tell me about a time you recommended a successful markdown strategy.

Share a specific instance where your analysis led to a successful markdown campaign. Explain the process you undertook and the positive impact it had on store profitability and sales performance.

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How do you analyze market trends to inform your planning decisions?

Explain your methods for staying up-to-date with industry trends, such as tracking competitors, customer feedback, and sales data. Discuss how you incorporate this knowledge into your planning processes.

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What software tools are you proficient in for planning?

Highlight your experience with Microsoft Office, particularly Excel, and any other planning software you've used. Mention specific functions (like pivot tables or forecasting models) you're comfortable with and how they've aided your previous roles.

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Describe your time management strategies when handling multiple priorities.

Discuss techniques you use to stay organized, such as prioritizing tasks based on deadlines and impacts. Provide examples of how you've effectively managed competing priorities in past roles.

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How do you ensure alignment between financial and merchandising strategies?

Talk about the importance of regular communication and collaboration sessions with both financial and merchandising teams. Share examples of how you’ve ensured that both teams are on the same page for successful outcomes.

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What is your approach to analyzing sales data weekly?

Explain your process for reviewing sales data regularly, noting trends, and making necessary adjustments to forecasting and planning. Provide examples of how you’ve identified changes in sales patterns and responded accordingly.

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How would you describe your customer-centric focus?

Elaborate on how understanding customer needs guides your planning decisions. Share experiences where you've interpreted market insights or feedback to enhance product offerings or inventory management.

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