Assortment Planner - Mens Tailored, Dress Shirts, Neckwear
Macy's
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Be Part of an Amazing Story
Macy’s is more than just a store. We’re a story. One that’s captured the hearts and minds of America for more than 160 years. A story about innovations and traditions…about inspiring stores and irresistible products…about the excitement of the Macy’s 4th of July Fireworks, and the wonder of the Thanksgiving Day Parade. We’ve been part of memorable moments and milestones for countless customers and colleagues. Those stories are part of what makes this such a special place to work.
Job Overview
The Assortment Planner plays a pivotal role in spearheading the development of the buying framework for a designated category. They craft by-store and channel assortment plans that seamlessly align with overarching strategic and financial objectives. Bringing a progressive, customer-centric approach to the table, they effectively balance sales and profit goals while ensuring optimal inventory productivity. This leadership role demands a keen understanding of market dynamics, a knack for trend analysis, and a commitment to driving excellence in assortment strategies.
What You Will Do
Overall:
- Lead the development and execution of the buying framework for the designated category.
- Collaborate with cross-functional teams to ensure alignment with top-line strategic and financial objectives.
- Conduct in-depth analysis and assessments of pre-market, in-market, and post-market activities.
- Own and drive the Private Brand line plans, considering historical performance and adoption rates.
- Conduct style outs, ensuring alignment with customer preferences and market trends.
- Oversee the allocation process, confirming store matrix and applying Min/Max at the Style level.
- Provide leadership and vision to the Assortment Planning team, fostering a culture of excellence and collaboration.
- Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities
Pre-Market:
- Develop by-store sales and turn plans aligned with annual financial targets.
- Review receipt flow plan to support category needs, addressing variances with Financial Planning.
- Define clustering strategy considering channel, tier/climate differences by category.
- Build and maintain category C-1 in coordination with Divisional Merchandise Manager (DMM).
- Assess current season performance and determine future season replenishment assortment.
- Establish bottoms-up targets for key-item volume drivers, trends, and newness.
- Adjust Private Brand line plans based on historical category performance.
- Assess breadth, depth, and productivity of the assortment.
- Finalize composition of 'shopping list' prior to market appointments.
In-Market:
- Quantify Buyer's curated assortment by brand, style, channel, and store cluster.
- Ensure alignment with cluster financial targets and assortment framework.
- Identify duplication across styles and vendors during style out process.
Post-Market:
- Conduct style outs in NuOrder or within the market cycle based on system capabilities.
- Address key style out questions, including customer attributes, breadth across price bands, and tier differences.
- Finalize necessary changes after style out and Buy Review; send orders for allocation.
Key Process Updates:
Pre-Market:
- Senior Director, Assortment Planning to inspect each Assortment Wedge.
- Discuss top goals, risk and upside assessment, clustering strategy, breadth and depth philosophy, and key door initiatives.
In-Market:
- Assortment Director owns quantification.
- If an Assortment Director cannot attend market, an Assortment associate is to attend in their place.
Post-Market:
- Style outs to be conducted in NuOrder, including key questions related to customer attributes and tier differences.
- Allocation process includes confirming the store matrix and applying Min/Max at the Style level.
Allocation:
- Confirm store matrix as the first part of the allocation process.
- Apply Min/Max at the Style level to ensure appropriate depth.
- Send EDI allocations to vendors at least 30 days prior to In-DC dates.
- Review receipt availability before releasing orders.
Philosophy for the Leadership Team:
- Have a vision of being a top leader.
- Embrace personal responsibility.
Skills You Will Need
Financial Business Acumen: Ability to understand and analyze financial aspects to make informed strategic decisions.
Retail Strategy and Tactics: In-depth knowledge of market trends, customer behaviors, and competitive landscapes.
Leadership and Team Management: Capability to lead large teams leveraging upward and cross functional influence, fostering collaboration and building trust with a focus on achieving results.
Change Management: Comfort and effectiveness in leading teams through change ensuring successful adaptation.
Visionary Thinking: Ability to be a forward thinking and innovative leader with a vision to drive transformative strategies propelling family of business to new heights.
Communication Skills: Effective communication with candor, valuing open debate to bring the best ideas to life.
Growth Mindset: A growth-oriented mindset, coupled with the ability to coach teams in embracing growth opportunities.
Strategic Planning: Experience in driving strategies and plans supporting a compelling core and curated assortment.
Collaboration and Coordination: Skill in partnering closely with General Business Managers (GBMs) and Digital Directors for coordination and alignment across digital strategy and families of business.
Who You Are
- Candidates with a bachelor’s degree or equivalent work experience in a related field are encouraged to apply.
- This role involves performing essential job functions such as communication, collaboration, and use of office and computer systems. Responsibilities include the ability to access and review written and electronic information, and to move within the work environment and interact with workplace materials as needed to carry out job responsibilities.
- Able to work a flexible schedule based on department and company needs.
What We Can Offer You
Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Enjoy comprehensive health and wellness coverage and a 401(k) match to invest in your future. Prioritize your well-being with paid time off and eight paid holidays. Grow your career with continuous learning and leadership development. Plus, build community by joining one of our Colleague Resource Groups and make a difference through our volunteer opportunities.
Some additional benefits we offer include:
- Merchandise discounts
- Performance-based incentives
- Annual merit review
- Employee Assistance Program with mental health counseling and legal/financial advice
- Tuition reimbursement
Access the full menu of benefits offerings here.
About Us
This is a great time to join Macy’s! Whether you’re helping a customer find the perfect gift, streamlining operations in one of our distribution centers, enhancing our online shopping experience, buying in-style and on-trend merchandise to outfit our customers, or designing a balloon for the Thanksgiving Day Parade, we offer unique opportunities to be part of some of the most memorable moments in people’s lives.
Join us and help write the next chapter in our story - Apply Today!
This job description is not all-inclusive. Macy's, Inc. reserves the right to amend this job description at any time. Macy's, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.
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