At a Glance
- Tasks: Analyse trade reports and optimise inventory management to drive business performance.
- Company: Join Ralph Lauren, a global leader in premium lifestyle products with a rich heritage.
- Benefits: Enjoy a culture of inclusion, training opportunities, and a supportive team environment.
- Why this job: Be part of a dynamic team that values creativity, collaboration, and personal growth.
- Qualifications: Strong analytical skills, effective communication, and a passion for retail are essential.
- Other info: This is a full-time role with opportunities for professional development.
The predicted salary is between 28800 - 43200 £ per year.
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.
As an Associate Planner within the Merchandise Planning team at Ralph Lauren, you will play a crucial role in optimizing inventory management, forecasting, and strategic planning to drive business performance. This position requires a blend of analytical skills, business acumen, and collaborative abilities to support the company's merchandise planning efforts. The ideal candidate will be able to balance data-driven decision-making with strategic thinking to support Ralph Lauren's business objectives.
Responsibilities- Critically analyse trade reports, and utilise own knowledge to influence forecasting & promotional/MD planning.
- Optimise channel availability & take necessary trading actions.
- Own line card process and can translate impacts into department WSSI forecasting.
- Own department WSSI to reflect short- and long-term risks and opportunities to KPI’s, communicating impacts to planner.
- Find solutions to achieving EOH stock and average cost turn targets.
- Lead department/brand hindsight analysis and able to communicate clearly and objectively the key learnings to relevant stakeholders.
- Partner with buying counterparts to formulate the department forward strategy, and can communicate risks and opportunities associated to planner, beginning to suggest potential solutions.
- Drive OTB process, utilising the forward strategies created and collaborating with buying counterparts to understand category changes that will impact KPIs, and communicating to management.
- Oversee seasonal recodes.
- Responsible for overseeing seasonal markdowns & communication to stores.
- Deputise for Planner.
- Lead regular store visits, analysing store reports prior and presenting feedback to team.
- Understand where RL fits within the wider retail environment through comprehensive competitor analysis, and begin to identify areas of opportunity & risk.
- Adopt a positive and proactive approach to their own training and development as well as that of their peers.
- Constantly seek improvement in processes & increase efficiencies.
- Coach and train team, helping them to acquire the skills & knowledge to be more effective.
- Support team in achieving their personal goals.
- Participate in company initiatives as appropriate.
- Participate in team wellness & prioritise psychological safety.
- Create and maintain strong working relationships within cross-functional teams: Buying, Allocations, ECOM, and the retail store teams.
- Liaise with key stakeholders to review and assist in the formation of the seasonal lessons learnt.
- Influence future Buys, using analysis and historical data to ensure commercial decisions are made.
- Strong analytical and numerical mindset.
- Effective communicator - able to communicate messages clearly and concisely to a variety of audiences.
- Able to work autonomously, results orientated and able to 'think outside the box'.
- Able to demonstrate logical analysis and problem-solving skills.
- Solution orientated with an entrepreneurial attitude.
- Able to organise, prioritise tasks and manage time well to meet deadlines.
- Demonstrates self-awareness of their impact on others & seeks feedback on ways to improve.
- Able to build and maintain productive relationships within team environment.
- Competent in using Microsoft Excel and BI reporting tools.
- Attention to detail.
- Able to demonstrate resilience and remain positive during challenging periods.
- Regularly recognises & praises good work.
- Leads by example & is a good Associate role model.
- Desire to have fun at work and an appreciation for product.
Employment Type Full-time
Job Function Marketing and Sales
Industries Retail Apparel and Fashion
Associate Merchandise Planner employer: Polo Ralph Lauren
Contact Detail:
Polo Ralph Lauren Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Merchandise Planner
✨Tip Number 1
Familiarise yourself with Ralph Lauren's brand identity and product categories. Understanding their unique positioning in the market will help you articulate how your skills align with their merchandise planning needs during interviews.
✨Tip Number 2
Network with current or former employees of Ralph Lauren, especially those in merchandise planning roles. They can provide valuable insights into the company culture and expectations, which can be beneficial for your application and interview preparation.
✨Tip Number 3
Stay updated on retail trends and competitor analysis within the fashion industry. Being able to discuss recent developments and how they might impact Ralph Lauren's strategy will demonstrate your commercial awareness and analytical mindset.
✨Tip Number 4
Prepare to showcase your analytical skills through practical examples. Think of specific instances where you've used data to influence decision-making or improve processes, as this aligns closely with the responsibilities of the Associate Merchandise Planner role.
We think you need these skills to ace Associate Merchandise Planner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Associate Merchandise Planner role. Focus on analytical skills, communication abilities, and any retail or merchandise planning experience you have.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for retail and merchandise planning. Mention specific examples of how you've used data-driven decision-making in previous roles and how it can benefit Ralph Lauren.
Highlight Relevant Skills: In your application, emphasise your strong analytical mindset, problem-solving skills, and ability to work autonomously. Make sure to mention your proficiency in Microsoft Excel and any BI reporting tools you've used.
Showcase Your Understanding of the Brand: Demonstrate your knowledge of Ralph Lauren and its position within the retail environment. Discuss how you can contribute to their goals and values, particularly around inclusion and community engagement.
How to prepare for a job interview at Polo Ralph Lauren
✨Showcase Your Analytical Skills
As an Associate Merchandise Planner, you'll need strong analytical abilities. Be prepared to discuss your experience with data analysis and how you've used it to influence decision-making in previous roles. Bring examples of reports or forecasts you've worked on.
✨Demonstrate Communication Skills
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely. You might be asked to explain complex data to non-analytical stakeholders, so think about how you can simplify your explanations.
✨Understand the Retail Landscape
Familiarise yourself with Ralph Lauren's position in the retail market and its competitors. Be ready to discuss current trends in the industry and how they could impact merchandise planning. This shows your commercial awareness and genuine interest in the brand.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to think strategically. Prepare for scenarios where you might need to optimise inventory or respond to market changes. Think through your thought process and how you would approach these challenges.