At a Glance
- Tasks: Join us as a Merchandiser to manage stock and drive sales in the beauty industry.
- Company: Space NK is a leading destination for innovative beauty brands and community engagement.
- Benefits: Enjoy flexible working options, a vibrant team culture, and opportunities for personal growth.
- Why this job: Be part of a dynamic team that values creativity and customer experience in beauty.
- Qualifications: Experience in retail or brand management is a plus; strong Excel skills are essential.
- Other info: This is a 3-month fixed-term contract with potential for future opportunities.
If you love beauty, youβre in the right place. As the ultimate curator of over 100 of the most in-demand, highly innovative and boundary-pushing beauty brands, we are the go-to destination for worldwide beauty discovery. Together through our neighbourhood stores, online presence and loyalty scheme, Space NK has built a flourishing community in which to discover beauty. The customer is at the heart of everything we do, and we will always endeavour to offer everything they need to help them explore, experiment, and enjoy our brands.
This contract role will support our permanent teams during a busy period as we continue to scale.
Purpose of Position:Responsible for the planning and trading of the department, to ensure stock levels are maintained in line with department requirements to deliver sales and stock targets for their area of responsibility, maximising sales, and profit, whilst minimising markdown risk.
OTB/Trade:- Weekly management OTB to ensure intake flow into the business is in line with forecast requirement to drive sales and minimise markdown.
- In charge of the weekly order management process, reviewing stock requirements for the department for both replenishment of core and newness.
- Develop and nurture strong working relationship with Brands to maximise sales opportunities.
- Supporting the buyer with negotiation of RTVs, product swaps etc.
- Accountable for maintaining brand and department availability targets in line with business goals.
- Provide weekly trade summaries of key performance indicators within departments of responsibility to the B&M team and the wider business, relating to sales, profit, and markdown versus budget, forecast and last year.
- Assessment of over/under performance and the impact on stock levels, proposing actions to mitigate risk and maximise opportunity.
- Key contact for all analysis relating to departments of responsibility and the wider business.
- Being a key contact for marketing/events and executing all deadlines with the support of the wider team.
- Work collaboratively with buying team drive sales and profitability and be aligned on category strategy and execution plan.
- Drive Annual/Quarterly feedback sessions to report on Cum & BTA performance based on Planned FY budgets and current run rate.
- Set up and manage department WSSI and report back risks and opportunities to Merch Manager.
- Plan and implement AGR forecasting to drive out accurate AGR Orders which align with top line business sales/stock targets.
- Produce lessons learnt analysis to feed into the development of the department strategy.
- Plan monthly newness considering sales and stock targets in department WSSI.
- Providing brands with long term stock forecasts to guarantee fulfilment of orders.
- Accountable for the overall Markdown and Promotional Management of the Department.
- Working with the buyer to select seasonal markdowns, model markdowns and implement to minimise margin erosion but optimise sell through.
- Provide analysis and summary of Markdown and Promotional activity for departments of responsibility and wider business.
- Working with Trading, Retail, Buying and Marketing departments to deliver the promotional calendar, events and ensuring stock levels support such activity.
- Ability to challenge current processes and implement new ways of working.
- Leading best practice across the merchandising team.
- In conjunction with the Inventory Merchandiser lead Quarterly stock meeting with Brands.
- Develop and build strong relationships with cross functional partners internally and externally.
- Management and development of an Assistant Merchandiser and MAA.
- Experience of managing brands; luxury and beauty brands desirable but not essential.
- Proven track record in a retail business.
- Advanced Excel skills.
- Entrepreneurial mind set and self-motivated.
- Excellent communication skills, both written and verbal.
- Enthusiastic and self-confident.
- Analytical with a high level of accuracy and attention to detail.
- Ability to interpret large sets of data.
- Adaptable, willing to take on new challenges and driven to continually improve.
- Constantly challenging the ways of working and developing best practice approach.
- Ability to demonstrate excellent planning and organisational skills.
- Resourceful and highly commercial.
- Able to handle large volume of workload and prioritise as required.
- Ability to manage upwards.
Please note that only successful candidates will be contacted. All applicants must have the right to live and work in the UK. If you want to find out more about us, what it is like to work for us, all about our benefits, and our pledges on Diversity, Inclusion and Belonging, please visit our website. Space NK are an equal opportunities employer.
Merchandiser (3 month FTC) employer: Space NK
Contact Detail:
Space NK Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Merchandiser (3 month FTC)
β¨Tip Number 1
Familiarise yourself with the beauty brands that Space NK curates. Understanding their unique selling points and how they fit into the market will help you demonstrate your passion for the role during any discussions.
β¨Tip Number 2
Brush up on your Excel skills, as advanced proficiency is a key requirement for this role. Consider taking an online course or practicing with real data sets to ensure you're comfortable with data analysis and reporting.
β¨Tip Number 3
Network with professionals in the beauty retail industry. Attend events or join online forums where you can connect with others who work in merchandising or related fields, as they may provide insights or even referrals.
β¨Tip Number 4
Prepare to discuss your previous experiences with stock management and sales forecasting. Be ready to share specific examples of how you've successfully managed inventory levels and maximised sales opportunities in past roles.
We think you need these skills to ace Merchandiser (3 month FTC)
Some tips for your application π«‘
Understand the Role: Read the job description thoroughly to grasp the responsibilities and qualifications required for the Merchandiser position. Tailor your application to highlight relevant experiences that align with these requirements.
Craft a Compelling CV: Ensure your CV is up-to-date and clearly outlines your experience in merchandising, particularly in beauty or retail sectors. Use bullet points to make it easy to read and focus on achievements that demonstrate your analytical skills and ability to drive sales.
Write a Strong Cover Letter: In your cover letter, express your passion for beauty and how your skills can contribute to Space NK's goals. Mention specific examples of past successes in managing stock levels, driving sales, or working collaboratively with teams.
Highlight Relevant Skills: Emphasise your advanced Excel skills and any experience you have with data analysis. Discuss your ability to interpret large datasets and how this has positively impacted previous roles, especially in terms of sales and stock management.
How to prepare for a job interview at Space NK
β¨Know Your Brands
Familiarise yourself with the beauty brands that Space NK curates. Understand their unique selling points and how they fit into the market. This knowledge will help you demonstrate your passion for beauty and your ability to connect with the company's ethos.
β¨Showcase Your Analytical Skills
As a Merchandiser, you'll need to interpret large sets of data. Be prepared to discuss your experience with data analysis, particularly in relation to sales performance and stock management. Bring examples of how you've used data to drive decisions in previous roles.
β¨Demonstrate Strong Communication
Excellent communication is key in this role. Be ready to explain how you've built relationships with brands and cross-functional teams in the past. Highlight any experiences where your communication skills led to successful outcomes.
β¨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and adaptability. Think of scenarios where you've had to manage stock levels or respond to markdown challenges. Prepare to discuss your thought process and the actions you took to achieve positive results.