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- Tasks: Analyse pricing data and influence pricing strategies in a dynamic retail environment.
- Company: Join Ralph Lauren, a global leader in premium lifestyle products with a strong culture of inclusion.
- Benefits: Competitive salary, opportunities for growth, and a vibrant team atmosphere.
- Why this job: Be part of a creative team that shapes pricing strategies and drives business success.
- Qualifications: Analytical mindset, attention to detail, and proficiency in Excel required.
- Other info: Collaborate across teams and gain exposure to various business functions.
The predicted salary is between 30000 - 40000 £ per year.
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
Based in Watford, the Associate Buyer in Pricing will join the Brand Positioning team to be part of a very dynamic cross-brand and cross-channel function, embedded within EMEA Buying, Planning and Allocation Team. The Associate Buyer in Pricing will be the key contact on any price related matters, holding the necessary business knowledge on the topic to help and guide various teams. This role will provide exposure to different business functions, including Planning, Buying, Data Analytics and IT. It will suit an analyst mindset, working in a FMCG, distribution or fashion retailing company.
Essential Duties & Responsibilities
- Perform operational price activities to ensure correct price positioning, holistic accuracy & alignment
- Analyze pricing data (internal and external) to provide insights, trends and recommendations
- Monitor currency fluctuations and FX rates and recommend price adjustments as necessary
- Influence pricing tactics and strategies
- Maintain, improve and adapt price performance monitoring tools
- Manage local new price setting, exception requests & communication with relevant stakeholders
- Suggest process and operational improvements
- Analyze and assess impact of potential price changes
- Support teams on any price related topic
Shared accountabilities:
- Collaborate with operational teams to identify new ways of working
- Collaborate with IT & Data Analytics teams to identify solutions leveraging best in class technologies
- Collaborate with cross-functional teams to assess E2E change impact
Experience, Skills & Knowledge
- Critical thinker & creative problem-solver
- Self-starter; highly motivated and organized
- Attention to detail; able to maintain good accuracy levels
- Ability to build and maintain strong working relationships with business partners
- Thrives in a fast-paced & dynamic environment
- High level of computer literacy (intermediate / advanced level Excel)
- Fluent in English
- Concrete passion for Diversity & Inclusion values
- Excitement about team-work and straight talk
Ralph Lauren Junior Pricing Analyst in Watford employer: BoF Careers
Contact Detail:
BoF Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ralph Lauren Junior Pricing Analyst in Watford
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Ralph Lauren. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching the company culture and values. Ralph Lauren loves diversity and inclusion, so be ready to share how you embody these principles.
✨Tip Number 3
Show off your analytical skills! Be prepared to discuss how you've used data to influence decisions in past roles. This is key for a Junior Pricing Analyst.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in joining the Ralph Lauren team.
We think you need these skills to ace Ralph Lauren Junior Pricing Analyst in Watford
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Junior Pricing Analyst role. Highlight relevant experience and skills that match the job description, especially your analytical mindset and attention to detail. We want to see how you can contribute to our dynamic team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your passion for pricing analysis and how you align with Ralph Lauren's values of inclusion and teamwork. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to showcase any relevant projects or experiences where you've used data to drive decisions. We’re looking for critical thinkers who can provide insights and recommendations based on data!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re serious about joining our team at Ralph Lauren. We can’t wait to see what you bring to the table!
How to prepare for a job interview at BoF Careers
✨Know Your Numbers
As a Junior Pricing Analyst, you'll be dealing with data all the time. Brush up on your Excel skills and be ready to discuss how you've used data analysis in past roles. Think about specific examples where your insights led to better pricing strategies or operational improvements.
✨Understand the Brand
Familiarise yourself with Ralph Lauren's brand positioning and product categories. Be prepared to discuss how pricing strategies can influence brand perception. Show that you understand the importance of aligning pricing with the brand's image and values.
✨Show Your Problem-Solving Skills
This role requires a critical thinker and creative problem-solver. Prepare to share examples of challenges you've faced in previous roles and how you approached them. Highlight your analytical mindset and how it can benefit the team.
✨Emphasise Collaboration
Since this position involves working with various teams, be ready to talk about your experience in cross-functional collaboration. Share instances where you successfully worked with IT, Data Analytics, or other departments to achieve a common goal, showcasing your teamwork skills.