Senior Merchandise

1.Product Selection and Procurement:

-Identify and analyze market trends, consumer preferences, and competitor offerings to guide strategic product selection.

-Build and maintain strong relationships with vendors and suppliers, ensuring a diverse and high-quality product assortment.

-Utilize effective negotiation skills to optimize product margins by securing favorable pricing, terms, and contracts with suppliers.

-Implement measures to ensure the procurement of high-quality products, aligning with brand standards and customer expectations.

2.Inventory Management:

-Develop and implement inventory management strategies to optimize stock levels and minimize excess inventory.

-Monitor and analyze sales data to identify fast-moving and slow-moving products, providing recommendations for restocking or clearance.

-Work closely with the logistics team to ensure timely and cost-effective delivery of merchandise.

-Utilize forecasting tools for proactive inventory adjustments and stock replenishments based on anticipated demand.

3.Assortment Planning:

-Collaborate with marketing and sales teams to create compelling product assortments aligned with brand strategy and customer preferences.

-Conduct regular data-driven analysis of product performance to refine assortments, ensuring a dynamic and appealing product mix.

-Develop and execute seasonal assortment plans, staying aligned with market trends and customer e

xpectations.

4.Pricing Strategy:

-Develop pricing strategies that balance competitive positioning with profitability goals.

-Monitor market trends, competitor pricing, and consumer behavior to adjust pricing strategies as needed.

-Implement dynamic pricing models, responding to changes in market conditions to maintain competitiveness.

5.Promotions and Marketing Support:

-Collaborate with the marketing team to plan and execute promotions, sales, and marketing campaigns for enhanced product visibility and increased sales.

-Provide valuable product knowledge and insights to support the creation of effective marketing materials.

-Develop initiatives to actively engage customers through promotions, fostering brand loyalty and driving sales.

6.Team Collaboration:

-Work closely with cross-functional teams, including marketing, sales, and finance, to ensure merchandise strategies align with overall business objectives.

-Provide training and guidance to team members, enhancing their product knowledge and merchandising skills for improved performance.

-Foster open and effective communication channels across teams, promoting a collaborative work environment.

-Gather and integrate feedback from various teams, fostering a culture of continuous improvement in merchandise strategies and execution.