Creation of the Departmental financial strategy and execution of the Business strategy, by delivering a product offer that exceeds customers’ expectations, and achieves sales and profit targets combined with effective inventory management.
Head of Retail Analytics
Preparation of budgets, sales, stock and profit targets.
Monitor performance against plan, taking appropriate action to maximise sales and profit and reduce stockholding whilst increasing stock turn.
Identify new business opportunities to grow sales and profitability.
Review, propose and implement mark-down activity to reduce terminal stock whilst analysing action taken on mark-downs to maximise profit.
Communicate trading issues and forecasts with proposed actions to management and buyer.
Implement promotional plans to optimise sales and profit.
Measure brand/supplier performance against targets and make recommendations to grow or exit.
Range Building and Planning
Develop and agree plans in partnership with the buyer that achieve sales and profit targets and implement the agreed departmental strategy.
In conjunction with the buyer, build balanced and profitable seasonal range plans.
Evaluate market and customer information together with historical data to develop the department’s phased stock plans and pricing strategy.
Manage and forecast the intake of stock in line with agreed OTB stock levels.
Plan and implement replenishment volumes for continuity product.
Monitor and manage the availability of stock.
Promote stock efficiency through in season trading whilst managing forward covers.
Collaborate with Supply chain to ensure planned launch and replenishment dates are met.
Manage terminal stock.
Manage volume buys and optimal size ratio’s.
Key Skills and Experience
Bachelor’s degree with at least 2 quantitative subjects.
Proven working experience as a Planner (3years + essential).
A high degree of numeracy and an analytical, detailed and strategic approach to work.
Advanced computer literacy in excel and planning systems.
Key Competencies and Attribute
Strong business acumen and merchant thinking.
Good organisational and interpersonal skills.
Excellent communication skills.
Proven decision-making ability.