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ULTA Salon, Cosmetics & Fragrance inc

Merchandise Planner

ULTA Salon, Cosmetics & Fragrance inc - IL, USA

The Merchandise Planner is responsible for developing brand/class level financial plans and forecasts that align with the overall merchant strategy, business trends and company objectives in conjunction with their merchant partner. The planner will use fact based analysis to develop financial plans and forecasts for sales, margin, and inventory at the brand/class level, as well as item forecasts for key items and promotional events. The planner will be jointly aligned with the merchant to deliver and execute the financial plan and forecast. This position reports to the Merchandise Planning & Inventory Manager.Partner with Merchandising and Planning Manager to assess the performance of the business, develop key brand/class strategies that support merchant objectives, deliver ROI targets and meet the financial expectations for the department. Examples include: Identifying impacts from major shifts in product flowReview changes in product flow and product flow strategiesReview all planogram shifts that affect brand/class level plans for future seasonsUnderstand the impact of new stores, remodels, and exiting brands/categories to the planReviewing pricing & promotional activity shiftsUnderstand the impact of seasonal change in SRP'sUnderstand the impact of changes in promotional activity across months/weeks and all brands/classes and the affect on sales and selling margin.Review assortment changes in all brands/classes and understand the impact to inventory as it relates to OTB and ending OH's.Assess impact of category launches, exits, and relaunches to brand/classIdentify and assess impact of shifts in class plans that impact multiple brands simultaneouslyForecasting and Planning vendor fundingAssess impact of receipt flow and sales performance on vendor fundingIdentify opportunities to leverage receipt flow to increase vendor fundingParticipate in vendor performance management and performance trackingPre-Season Planning: Analyze current business trends and historical data using fact based analysis for future season planningWork with merchant and inventory partner to support development of merchandising and product flow strategies through analyticsDevelop & communicate brand/class plans that incorporate shifts in strategies and business trends to Planning Manager that reconcile back to Departmental financial targets.Develop & communicate promotional and key item forecasts in collaboration with merchandising that will be passed off to the Inventory team to executeIn Season Management:Actively participate in business review meetings weekly with cross-functional team to highlight current business trends, identify and action on risks and opportunities.Own communication of brand/class recap for all areas of responsibility including following up on meeting takeawaysAnalyze promotional results and communicate to the team including recommended go forward strategies and address any liable inventory concernsResponsible for OTB management at brand/class level in partnership with merchandising and inventory team to achieve inventory & turn targets.Develop liability inventory strategies that minimize markdowns and maximize productivityOwn the execution of RTV's for all brands/classes and follow thru on reimbursement from vendorCommunicate OTB targets, risks, and opportunities at a brand/class level to inventory teamCommunicate forecast for promotional items to the inventory teamProvide regular feedback to Planning Manager on any OTB risks/opportunities and monthly reconciliation to OTB targetsWeekly/Monthly review of brand/class forecasts and variance to plan, including upside plans as dictated by business trends and company strategiesReview completed promotional item forecasts with planning manager prior to delivering to inventory team for executionWeekly reforecasting at brand/class level to achieve sales, margin, inventory targetsManage financial plans for key vendors that reinforce merchant strategies and corporate expectations for driving profitability, achieving ROI, and setting vendor up for future growthPartner with inventory team to identify issues affecting stores, DC's, and vendor partners such as over/under stocks, pricing, and product flow issues; develop solutions and manage the execution to get resolution of all outstanding issuesSupport a collaborative and results-oriented environment with peers, cross-functional teams, and vendor partners to drive the business forwardPersonal growth and development:Develop strong partnerships with peers by sharing best practices and maintaining regular, open communicationEffectively communicate with direct leadership and all business channelsDrive the business forward through process improvement and consistent re-evaluation of strategies,

21 days 20 hours ago

ULTA Salon, Cosmetics & Fragrance inc

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Merchandise Planner ULTA Salon, Cosmetics & Fragrance inc - , IL, United States

   

Company Profile:
ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. Our goal is to help everyone feel beautiful, inside and out. We do this by offering a true wonderland of beauty within an inviting atmosphere that makes our guests feel welcome, confident and enthusiastic about shopping with us.