At a Glance
- Tasks: Lead financial and strategic planning for a dynamic retail environment.
- Company: Join Michael Kors, a global luxury fashion brand with a purpose-driven culture.
- Benefits: Enjoy flexible work options, career growth, and exclusive employee perks.
- Other info: Be part of a team that champions inclusion and social responsibility.
- Why this job: Make an impact in the fashion industry while developing your leadership skills.
- Qualifications: Experience in product planning and strong analytical skills required.
The predicted salary is between 72000 - 80000 £ per year.
- Product Planning Manager
- Department: Omni Planning | Location: London | Reports: Senior Director Product Planning
- What You’ll Do
- Financial & Strategic Planning
- Own category-level sales, margin, inventory and receipt plans across the EMEA Omni-Channel business.
- Develop annual, seasonal and monthly financial plans that support long-term growth objectives and customer demand.
- Lead the Open-to-Buy (OTB) process, identifying risks and opportunities and making recommendations to senior leadership.
- Drive forecasting accuracy through robust analysis of historical performance, trends and market opportunities.
- Develop and execute category strategies that maximise sales, profitability, inventory productivity and customer satisfaction.
- Lead weekly, monthly and seasonal trade reviews, providing clear insights and actions to improve business performance.
- Product & Assortment Planning
- Partner with Buying teams to develop customer-focused assortment strategies that balance commercial objectives with customer demand.
- Influence product investment decisions through detailed analysis of sales performance, market trends, profitability and inventory productivity.
- Provide recommendations on buy quantities, depth, breadth and lifecycle management across multiple product categories.
- Develop and execute seasonal strategies to support key launches, new product opportunities and category growth initiatives.
- Inventory, Allocation & Replenishment Strategy
- Partner closely with Allocation leadership to define strategies that optimise inventory across stores, digital fulfilment locations and regional markets.
- Evaluate allocation and replenishment performance through hindsight analysis, identifying opportunities to improve future inventory investments and stock deployment.
- Work closely with Branch and Retail Leadership teams to understand local trading opportunities, customer demand and inventory requirements.
- Drive inventory optimisation initiatives, balancing service levels, stock availability, markdown exposure and working capital efficiency.
- Lead strategies to improve stock turn, reduce aged inventory and maximise full-price sell-through.
- Trade & Performance Management
- Monitor business performance across Retail, E-Commerce and Wholesale channels, identifying emerging risks and opportunities.
- Analyse sales, inventory, markdown, profitability and productivity metrics to drive actionable commercial decisions.
- Partner with Retail, Digital and Branch teams to understand customer behaviour and translate insights into planning actions.
- Lead promotional, markdown and exit strategies to support achievement of sales, margin and inventory objectives.
- Leadership & Team Development
- Lead, coach and develop a high-performing team of Planners, Assistant Planners and Allocators.
- Foster a culture of accountability, collaboration and continuous improvement.
- Provide strategic direction and support career development across the planning function.
- Champion planning best practices and contribute to ongoing transformation and process improvement initiatives.
- You’ll Need to Have
- Significant experience in Product Planning, Merchandise Planning or Commercial Planning within a multi-category retail environment.
- Experience leading and developing high-performing planning teams.
- Advanced Excel skills and strong proficiency in planning systems and analytical tools.
- Strong financial acumen with the ability to interpret and manage key retail performance metrics.
- Experience within fashion, luxury, premium retail or consumer-led businesses preferred.
- Bachelor's degree or equivalent experience preferred.
- MK Perks
- A purpose-driven workplace where you can grow your career, enjoy flexible benefits, and be part of a culture built on inclusion, impact, and recognition.
- Career Growth Clear paths for progression, leadership opportunities, and mentorship programs to help you thrive.
- Work-Life Balance & Flexibility Support for your well-being with flexible work options and generous time-off policies.
- Culture & Belonging Be part of a culture that champions fairness, fosters belonging, and provides opportunities for everyone to grow and reach their full potential.
- Exclusive Employee Perks Enjoy discounts on premium products and luxury brands.
- Impact & Social Responsibility Contribute to global and local causes through volunteer days, sustainability programs, and charitable giving.
In compliance with certain Pay Transparency laws, employers are required to disclose a compensation range.
The range for this position will vary based on role requirements, skill set, and years of experience.
Please note that for salaried roles, the figures reflect full-time equivalency, while for hourly roles, the figures represent the applicable hourly rate.
Compensation Range: 72,000.00 - 80,000.00 GBP
Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready-to-wear.
His namesake company, established in 1981, currently produces a range of products under Michael Kors Collection, Michael Kors, and Michael Kors Mens, including accessories, ready-to-wear, footwear, watches, jewelry, and a full line of fragrance products.
Michael Kors stores are operated in the most prestigious cities in the world, including New York, Los Angeles, Chicago, London, Milan, Paris, Dubai, Seoul, Tokyo, Hong Kong, Shanghai, and Rio de Janeiro.
In addition, Michael Kors operates digital flagships across North America, Europe, and Asia, offering customers a seamless omnichannel experience.
At the center of it all is a designer who has created an enduring and iconic luxury lifestyle brand with a distinctive point of view and global reach.
Michael Kors has a sharp focus on providing his customers with accessories and clothes that are consistently polished, chic, relaxed, and glamorous.
Kors has also been the recipient of numerous industry awards and accolades within the fashion industry.
The fashion designer also focuses on giving back.
For more than 35 years he has been a passionate supporter of God’s Love We Deliver, a New York-based non-profit organization that cooks and delivers nutritious meals to people living with serious illnesses in and around New York City.
In 2013, in a move to broaden his philanthropic efforts, Michael Kors launched "Watch Hunger Stop", partnering with the United Nations World Food Programme (WFP) to help fight world hunger.
Proceeds from annual special-edition products and other targeted initiatives help provide food to children through WFP’s school meals program.
To date, Michael Kors has helped WFP deliver over 35 million meals (and counting) to hungry children.
The Company is an equal employment opportunity employer.
The Company’s policy is not to unlawfully discriminate against any applicant or employee on the basis of race, color, sex, sexual orientation, gender identity, religion, national origin, age, military status, disability, genetic information or any other consideration made unlawful by applicable federal, state, or local laws.
The Company also prohibits harassment of applicants and employees based on any of these protected categories.
At Capri Holdings Limited, we are committed to providing a fair and accessible recruitment process.
If you require a reasonable accommodation for the interview or application process, please contact our Talent Acquisition team at Capri Talent Acquisition@Capri Holdings. com.
For more information on how Capri Holdings Group uses your personal data, please see our Applicant Privacy Notice.
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Product Planning Manager employer: Michael Kors
At Michael Kors, we pride ourselves on being a purpose-driven employer that fosters a culture of inclusion, impact, and recognition. Located in the vibrant city of London, our team enjoys flexible work options, generous time-off policies, and clear paths for career progression, all while contributing to meaningful social responsibility initiatives. Join us to be part of a high-performing team where your growth is supported, and you can make a difference in the luxury retail industry.
StudySmarter Expert Advice🤫
We think this is how you could land Product Planning Manager
✨Join Product Management Meetups
Get involved in local product management meetups or workshops. These events are perfect for meeting industry folks, sharing ideas, and staying updated on trends. Plus, you never know who might be hiring—it's a fantastic way to make connections that could lead to a job at places like Michael Kors!
✨Show Off Your Product Sense
Create case studies or mini-projects showcasing your product management skills, and share them on platforms like Medium or LinkedIn. This not only puts your skills on display but also boosts your visibility in the product community. Imagine how impressed the hiring team at Michael Kors would be by your initiative!
✨Utilise Online Communities
Dive into online product management communities like Product Coalition or Mind the Product. Engage in discussions, ask questions, and share your insights. These platforms are goldmines for networking and finding hidden job opportunities—many companies often scout talent from within these circles.
✨Leverage Your University Network
If you’ve recently graduated or are still in uni, tap into your alumni network for connections in product management. Many universities have their own job boards and affinity resources to help graduates land roles. Don't forget to keep an eye out for job openings at Michael Kors through your school's career services!
We think you need these skills to ace Product Planning Manager
Some tips for your application 🫡
Show Off Your Product Passion:When applying for a product management role like Product Planning Manager, let your passion for developing products shine through in your cover letter. Share specific examples of products you've managed, how you solved user needs, and any successful outcomes you've achieved. This is your chance to showcase your understanding of the product lifecycle!
Highlight Your Cross-Functional Skills:Product management isn't just about understanding the product; it’s about collaborating with different teams! Make sure to emphasise your experience working with developers, designers, and marketers. Use your CV to showcase your ability to bridge gaps between these areas, and include relevant experiences that demonstrate your communication and leadership skills!
Include Your Metrics and Achievements:In a full-time product management application, data speaks volumes! Quantify your achievements wherever possible. Did you increase user retention by a certain percentage? Launch a product ahead of schedule? Include these metrics in your CV to paint a picture of your impact and effectiveness in previous roles.
Tailor Your CV to the Role:Make sure your CV is tailored for the Product Planning Manager position at Michael Kors. Use keywords from the job description and ensure your relevant experiences are front and centre. Highlight any certifications or relevant training you’ve completed that will make you stand out as a strong candidate for the role. And remember, we’re excited to see your application on our website!
How to prepare for a job interview at Michael Kors
✨Understand the Product Life Cycle
As a product management candidate, we need to get our head around the complete product life cycle. Be prepared to discuss real-world examples of how you’ve managed product development from ideation to launch. Bring specific insights on tools like JIRA or Trello that can help streamline these processes.
✨Showcase Your Cross-Functional Skills
Product management is all about collaboration. We should be ready to highlight how we’ve worked across teams—think marketing, engineering, and design. Prepare to discuss scenarios where you had to mediate differing opinions and how you got everyone on board with a shared vision.
✨Prepare for Case Studies
In a full-time role, we can expect to encounter case study questions during our interviews. Practise solving hypothetical product problems on the spot, such as prioritising features for a new app or improving user engagement metrics. This will show our analytical thinking and decision-making skills.
✨Know Your Metrics
Let’s face it, numbers are our best friends in product management. We should prepare to discuss key performance indicators (KPIs) and how we've used analytics to inform product decisions. Dive into examples where data has driven our strategy for improvements or justified product changes.
