Key Responsibilities:
Retail Strategy & Planning
- Develop and implement comprehensive retail planning strategies to drive sales, profitability, and operational efficiency.
- Align retail plans with overall business and financial goals, ensuring the best use of resources.
- Lead cross-functional collaboration between buying, merchandising, and store operations teams for seamless execution of retail strategies.
Sales & Demand Forecasting
- Create and manage accurate sales forecasts based on historical data, market trends, and business objectives.
- Use advanced forecasting models to predict demand and adjust plans for seasonal trends and promotional events.
- Regularly review sales performance against targets, providing corrective actions as needed.
Inventory & Assortment Planning
- Oversee the development of inventory plans that align with store needs, ensuring optimal stock levels and efficient stock turnover.
- Lead the planning of product assortment strategies by store and region to maximize sales and profitability.
- Monitor and manage product life cycles, ensuring timely introduction of new products and smooth clearance of outdated stock.
Replenishment & Allocation
- Ensure timely and accurate allocation of stock to stores and warehouses, based on demand forecasts and sales trends.
- Work with logistics and operations teams to optimize the replenishment process and reduce out-of-stocks or overstock situations.
- Implement strategies for inventory control and stock movement optimization across multiple retail channels.
Collaboration & Communication
- Collaborate with marketing and merchandising teams to align promotional plans and product launches with retail operations.
- Develop and maintain strong relationships with store managers, ensuring alignment on sales, stock levels, and store-specific needs.
- Communicate effectively with senior leadership to ensure alignment on business objectives and reporting metrics.
Team Leadership & Development
- Lead, mentor, and develop the retail planning team, setting clear goals and providing guidance on best practices.
- Foster a culture of continuous improvement, encouraging innovation and the use of new technologies to improve planning accuracy and efficiency.
