Sr. Allocation Analyst
Five Below
Philadelphia, PA 19106
Full-Time
Competitive
OfficeAssociate
At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.
It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!
JOB RESPONSIBILITIES:
Seasonal Allocation and Planning:
Oversee businesses with over 1,000 SKUs which are managed atmultiple allocatable levels
Own areas of the business with varying assortments based on store type
Coordinate with buying, planning, visual to plan for seasonal set and refresh allocations
Optimize the allocation of products to prevent stockouts and reduce excess inventory at end of season or product life cycle
Review and approvethe allocation of merchandise to warehouses and stores based on demand forecasts, sales trends, andoptimal inventory levels
Support the execution of seasonal strategies and marketed events by allocating the right products to stores and online channels as per the marketing and merchandising plans
Inventory Analysis:
Monitor store sales performance, tracking sell-through rates. Review the opportunities and apply the necessary adjustments for upcoming seasons
Collaborate with cross functional partners to identify slow-moving items and recommend actions to address these issues (hold in DC, markdown, floor placement moves)
Generate, maintain,and communicate key performance metrics from allocation reportsto show areas for improvement
Data Analysis and Reporting:
Generate reporting on inventory performance and recommend strategy adjustments as needed
Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes
Develop a story from large data sets to create an action plan accordingly
Communication and Collaboration:
Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination
Provide regular updates on allocation effectiveness throughout the season
Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels
QUALIFICATIONS:
Minimum of 2-4 years of experience in inventory management
Effective cross-functional collaboration and communication skills
Ability to analyze data and provide actionable feedback. A strong problem-solving skillset
Capable of prioritizing workload in a fast paced and dynamic environment
Sense of urgency and excitement to be a part of a high-growth retail environment
Able to formulate a point of view of the business and to summarize opportunities and strategies
Advanced Microsoft Excel skills and ability to learn systems quickly. Power BI or Tableau experience a bonus
Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcome
Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.
Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new
BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below's Career Site to verify the posting. fivebelow.com/info/careers