Merchandise Planner - CK Retail
PVH Corp.
New York, NY Calvin Klein Office
Full-Time
$82,500
HybridExecutive
Be part of an iconic story.
At Calvin Klein, we believe in fostering an inclusive and collaborative culture by celebrating different perspectives, backgrounds and beliefs to truly connect with our associates and consumers. Join us and have a meaningful impact on the world – and – endless opportunities to design your future. Immerse yourself in Calvin Klein here! (YouTube, Instagram, TikTok)
About the Role:
The Planner is responsible for developing, executing and communicating strategic merchandise financial plans for the Calvin Klein Omni-Channel and driving business to meet the division’s financial, merchandising and marketing objectives.
What You'll Do:
Accountabilities:
Develop, execute, and communicate strategic merchandise financial plans that support the company’s financial, product, and marketing objectives.
Strategically drive the business in order to maximize sales and margin, and optimize inventory.
Contribute to the development of Brand initiatives, and ensure that all planning activities support annual goals.
Create strategic financial plans that support the company’s objectives and brand goals.
At a Department & Product Segmentation level, develop sales, gross margin, and inventory plans that support the company’s profit objectives. Collaborate with merchandising to ensure that financial objectives align with product opportunities.
Guide the merchandising team, utilizing historical data and current trends, to capitalize on new opportunities, and identify risks. Communicate opportunities and risks to key business partners including merchandising, finance, marketing, visual, and brand leaders.
Build and maintain a strategic promotional calendar, in partnership with merchandising and marketing
Provide guidance on key/peak weeks
Budget: Help build and manage the budget for area of responsibility and ensure we are meeting our sales, GM and inventory targets.
Decision Making: Must be able to make decisions quickly in an ever-changing environment; partner cross functionally with cross-functional team. Identify risks and opportunities relative to sales trends on product, flow, and presentation.
Resourcefulness/Creativity: Must be flexible to adapt to changing trends of business and/or ad hoc projects and be detail orientated.
Weekly Business Management:
Provide updated weekly forecasts to merchandising team detailing category opportunities and risks, recommending markdowns, and reflowing inventory as needed. Ensure that all decisions are based on historical data and/or current trends.
Present “action points” to cross functional teams and senior management and gain consensus on business.
Drive strategic pricing decisions with cross functional team to maximize sales and margin.
Manage seasonal liabilities, inventory by source, and recommend reflow of new deliveries as needed.
Owner of the Open to Buy Process and Meetings:
Partner with merchandising, visual and marketing to develop 90 day forecast for sales, margin, and inventory.
Develop analytics to support business approach including source, delivery, and season forecasts.
Pre-meet with divisional leadership to gain consensus prior to monthly strategic meeting.
Lead and direct the monthly forecast meeting providing guidance to business leaders and finance. Recommend strategic actions to maximize sales and margin, optimize inventory, and mitigate risk. Collaborate with the field organization, visual, marketing, and other critical partners to ensure execution of strategies.
Lead the receipt reconciliation process with merchant team. Ensure that on order and committed receipts are delivering in time to support forecasts. Identify risks and drive action plans to manage. Recommend “chasing” or “reflowing” receipts as appropriate.
Pre- Season Planning Process:
Review historical performance at the department and program item level. Present analysis by source, delivery, and category to merchants to understand prior performance and develop future goals.
Pre-season create department, category and item plans to support the development of the line.
Provide receipt plans, margin and IMU goals, and flow strategies to merchants to drive assortment execution.
Review and reconcile assortments with inventory planners to ensure appropriate breadth and depth, and flawless execution. Provide guidance on store clusters and alpha ranks.
Lead and facilitate buy finalization meeting with merchant. Present pre-season plans that support new assortment. Identify risks and opportunities relative to product, flow, and presentation. Highlight changes to store groups and distribution strategies relative to last year or prior buys.
Gain consensus on assortment and plans from senior management. Lock plans seasonally and ensure that any reforecasting of sales, margin, or inventory (based on changes in trends) is reflected as new assortments are delivered.
What You'll Bring:
Experience:
Minimum 2-3 years merchandise planning experience; 5 or more years of total work experience
Demonstrated experience
Presenting and recommending strategies and building a business case
Strategic forecasting for a multidimensional business
Assuming additional areas of accountability successfully
Influencing and negotiating at a variety of levels
Education: 4-year degree; advanced degree a plus
Skills:
Well-developed written and verbal communication skills including presenting complex material in an organized and compelling manner
Well-versed in planning and allocation systems, as well as advanced Microsoft windows applications.
Analytical/Math Skills
Project Management
Strategic Forecasting & Financial Planning
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Your Wellbeing is Our Priority
At PVH, we offer competitive, cost-effective, and comprehensive benefit packages. We strive to provide options when it comes to your health, finances, and work-life balance. This includes:
Pay & Insurance: Competitive pay, bonus programs, best in class medical insurance, vision insurance, dental insurance, life insurance, disability insurance, and more.
401(k): An above-market 401(k) contribution to help our eligible associates save for retirement.
Flexible Workplace: Generous company-paid holidays, paid time off, hybrid working arrangements, volunteer opportunities, seasonal hours, and flexible work schedules.
Wellbeing Support: A variety of wellbeing tools and programs such as, Headspace membership, reimbursement for fitness memberships and/or digital meditation subscriptions, and the opportunity to earn up to $200 a year in rewards for exercising and participating in healthy activities.
Care.com Services: Access to services for childcare, elder care, adoption preparation, pet care, plus reimbursement for backup care when your regular plans fall through.
Education Assistance: Receive support for continued education including tuition reimbursement.
Associate Discount: Shop at our company outlets and e-commerce sites at a discount.
Please note, eligibility depends on employment status, location and length of time employed with PVH and our benefits may be subject to change. Applications will be accepted on a rolling basis until the position is filled.
About PVH:
We are brand builders who focus our passion and creativity to build Calvin Klein and TOMMY HILFIGER into the most desirable lifestyle brands in the world and at the same time position PVH as one of the best-performing brand groups in our sector. Guided by our values and enabled by our scale and global reach, we are driving fashion forward for good, as one team with one vision and one plan. That’s the Power of Us, that’s the Power of PVH+.
One of PVH’s greatest strengths is our people. Our collective desire is to create a workplace environment where every individual is valued, and every voice is heard, and we are committed to fostering an inclusive and diverse community of associates with a strong sense of belonging.Learn more about Inclusion & Diversity at PVH here.
PVH Corp. or its subsidiary ("PVH") is an equal opportunity employer and considers all applicants for employment on the basis of their individual capabilities and qualifications without regard to race, ethnicity, color, sex, gender identity or expression, age, religion, national origin, citizenship status, sexual orientation, genetic information, physical or mental disability, military status or any other characteristic protected under federal, state or local law. In addition to complying with all applicable laws, PVH is also committed to ensuring that all current and future PVH associates are compensated solely on job-related factors such as skill, ability, educational background, work quality, experience and potential.
To achieve these goals, across the United States and its territories, PVH prohibits any PVH employee, agent or representative from requesting or otherwise considering any job applicant’s current or prior wages, salary or other compensation information in connection with the hiring process. Accordingly, applicants are asked not to disclose this salary history information to PVH.