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For Companies At a Glance
- Tasks: Lead inventory management and drive sales for the Outlet channel.
- Company: Join a global brand known for innovation and excellence.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Be part of a team that values creativity and strategic thinking while making a real impact.
- Qualifications: Experience in planning, merchandising, or retail management is essential.
- Other info: This is a 3-month contract based in London.
The predicted salary is between 36000 - 60000 £ per year.
Location: London
Type: 3 Months Contract
Scope of JOB:
Regional Purpose: This position will manage EMEIA Outlet planning activities in their respective region within Client’s global planning organisation. They will act as an ambassador for Client, driving commercial performance, whilst fostering a culture of simplification, innovation, collaboration and driving excellence with key stakeholders.
Responsibilities:
- Taking the lead in creating strategic and controlled inventory management of the Outlet channel, through the Rolling Open to Buy and Corporate OTB process to achieve our sales, inventory and margin targets across all sales channels.
- Accountable for commercial insights in driving pre-season and in-season decisions (with a key focus on promotions) to ensure improved inventory productivity, drive sales and deliver margins.
- Accountable for quarterly buy process for the Outlet channel in line with key strategies.
- Leading the partnership and alignment across Retail, Merchandising, Allocation, Regional Finance and Central Planning teams on Open to Buy, lifecycle, fiscal risks, opportunities, markdown, and inventory management.
- Accountable for the Outlet ROTB including intake, transfers, delist and consolidations in line with the overall annual sales/inventory strategy to highlight risk and opportunities.
- Develop seasonal liquidation strategies, including markdowns, promotions, price points and % off strategy.
- Partner with cross-functional teams (Retail, Merchandising, Allocation, VM, Regional Finance, Central Planning and Store teams) to manage delist timings, cooling off periods and assortment.
- Leading the Outlet Allocation team to ensure regular store replenishment in line with key strategies.
- Managing and developing Outlet Planner to support key strategies and objectives.
- Lead the monthly inventory forecast review, working with Mainline Planner on total regional inventory forecasting in the Corporate OTB – providing insight and highlighting risks and opportunities.
- Provide key support to Director of Planning, partnering with regional teams on inventory management, driving sales and controlling margin.
Measures of success:
- Divisional Net sales, AUR, Sell-thru, margin aligned to fiscal targets, including aged inventory targets.
- Divisional Rolling and Collection Open to Buy management.
- Weeks of Cover (Store).
- Development of an inspired, high performing team with strong collaboration among cross-functional teams.
Connecting with others:
This role will work closely with Retail Stores and Leadership, Merchandising, Visual Merchandising, Central Inventory Management team, Central Outlet teams, Regional Planning teams, Merch Planning Operations, Customer Ops, Finance and Regional Commercial teams.
Merchandise Manager employer: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Merchandise Manager
✨Tip Number 1
Familiarise yourself with the latest trends in inventory management and retail planning. Understanding the nuances of the Rolling Open to Buy process will give you an edge, as it’s crucial for this role.
✨Tip Number 2
Network with professionals in the retail and merchandising sectors. Attend industry events or join relevant online forums to connect with people who can provide insights into the company culture and expectations.
✨Tip Number 3
Prepare to discuss your experience with cross-functional collaboration. This role requires working closely with various teams, so be ready to share examples of how you've successfully partnered with others in previous positions.
✨Tip Number 4
Research the company's recent performance and strategic initiatives. Being knowledgeable about their current challenges and successes will help you demonstrate your genuine interest and how you can contribute to their goals.
We think you need these skills to ace Merchandise Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and expectations of the Merchandise Manager position. Familiarise yourself with key terms like 'Open to Buy', 'inventory management', and 'commercial insights' as these will be crucial in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in inventory management, strategic planning, and collaboration with cross-functional teams. Use specific examples that demonstrate your ability to drive sales and manage margins effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your skills align with the job description, particularly your experience in managing inventory and driving commercial performance.
Highlight Key Achievements: In both your CV and cover letter, include quantifiable achievements related to sales growth, margin improvement, or successful inventory strategies. This will help you stand out as a candidate who can deliver results.
How to prepare for a job interview at JR United Kingdom
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Merchandise Manager. Familiarise yourself with inventory management processes, sales strategies, and how to drive commercial performance. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Your Analytical Skills
Be prepared to discuss your experience with data analysis and decision-making. Highlight specific examples where you've used commercial insights to drive sales or improve inventory productivity. This is crucial for the role, so make it a key part of your conversation.
✨Emphasise Collaboration
Since this role involves working closely with various teams, be ready to talk about your experience in cross-functional collaboration. Share examples of how you've successfully partnered with other departments to achieve common goals, especially in planning and inventory management.
✨Prepare Questions
Have insightful questions ready to ask at the end of the interview. This shows your interest in the role and the company. You might ask about their current challenges in inventory management or how they measure success in the Outlet channel.
