Major Activities
Analysis:
Provide CD/CM with analysis and recommendation to optimize sales, margin and inventory in season recommendations to optimize seasonal plansEnsure corporate inventory initiatives are included in dept strategiesOptimize seasonal inventory flowIn season management and execution of basic assortment exit strategies for resetsPartner with Financial Planner to develop and execute SKU rationalization goalsPurchase Planning:
Using MFP (Michaels Financial Planning) to create weekly sales, margin and inventory plans at subclass level for seasonal and trend programsOwns MFP administration for seasonal and basic plansIncorporates correction of errorsRecommend "wave breaks" for seasonal flow Recommend optimal inner and master packsWork with pricing and CD/CM to make appropriate in season MD recommendations for seasonal and trend productEvaluate forward buys on market deals and other opportunities Develop and adhere to critical timelinesAssortment Planning:
Ensure assortments are completed within specific time framesParticipate in assortment plan review with category mgt team for seasonal and SBA assortments by analyzing historical information, and make appropriate recommendations.Reset support:
Develop and implement MD strategy following reset financial timelineImplement discontinue timingImplement order placement timing for new product with CD/CM and Replenishment TeamMonitor progress of reset activities and integrate into MFP sales, margin and inventory forecastUpdate finance partner on any activities that would require updating reset financialsOther duties as assignedMinimum Education
BS or equivalent Business, retail or related field
Minimum Special Certifications or technical skills
Minimum Type of experience the job requires
Other
Preferred Special Certifications or technical skills
Planning system skills preferredPreferred Type of experience the job requires
2+ years in retail planning or allocation preferredApplicants in the U.S. must satisfy federal, state, and local legal requirements of the job.
To review a comprehensive list of benefits, please visit Michaels Benefits (MIKBenefits.com)
CO, CT, WA and RI only - To review pay ranges for the position you are applying for, please visit Michaels Pay Ranges - CO, CT, WA and RI. (MIKBenefits.com)
For 50 years, Michaels has been the best place for all things creative. We strive to inspire our customers, cultivate confident leaders, and serve our communities by fostering an inclusive environment for everyone to learn, shop, and create. At Michaels, everyone has a seat at our craft table and every Team Member is encouraged to hone their craft with opportunities for personal and professional growth. From our Stores and Distribution Centers to Artistree and our Support Center, our best-in-class team is committed to delivering on our purpose to fuel the joy of creativity. As the leading creative destination in North America, we operate over 1,290 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and MakerPlace by Michaels, a dedicated handmade goods marketplace.
Michaels is an Equal Opportunity Employer. We are here for all Team Members and all Makers to create, innovate and be better together.
Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).
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