Support Center - Irving

The Senior Pricing Analyst will drive the analysis and execution of the Pricing and Promotions strategy and tactics. Exceptionally strong analytical and math skills are required, along with experience manipulating large data sets using internal data warehouse system. Proven leadership and collaboration skills are required to create strong cross functional relationships with Category Management, Marketing, Store Operations, and Inventory. Leading in efforts to drive strategic pricing across the company.

Major Activities

Analysis

Conduct analysis to support pricing initiatives, adding rigor to existing methodologies and developing key metrics and analytics to support pricing strategy and tactics.Gather data and perform complex analyses manipulating large data sets to create thoughtful, robust business analyses.Analyze issues, develop insights, and formulate data-based hypotheses.Present findings to leadership and Category Merchant partners during strategy sessions.Support Director Pricing Advisory in creating reports and in data analysis.

Promotion Pricing Analysis: 

Working with Category Merchants, develop pre-season promotion strategies to optimize sales and gross margin in alignment with company goals.Utilize internal Discount Optimization Tool for historical performance and other data sources to develop reports and strategic insights that GMMs and Category Merchants can use to improve promotion performance.  Work with GMM, Category Merchant, and Director to analyze results and recommend shifts in promotion strategies for both in-season and future promotions.Prepare and coordinate Markdown Optimization Process.

Regular Price Strategy and Analysis:  

Work with Pricing Directors, Pricing Managers, Category Management to develop pricing lines and ladders within a category for value perception to the customer.Become the pricing expert in understanding the competitive landscape.  Using data scraping web tools for tracking internet pricing and in person comp shops to make recommendations for in store shelf pricing to maintain Michaels competitive advantage.Work alongside the Pricing Analytics team to measure results of price changes, and price tests.Monitor and analyze performance by category and market to make recommendations on future tests to run and actions to roll out to the chain.

Clearance Price Strategy and Analysis: 

Work closely with Category Merchants and Merchandise Planning to develop an optimized clearance cadence strategy across the chain of stores to time with in-store category resets.

Other duties as assigned

Minimum Education

BS in Business, Math, Statistics or Finance

Minimum Special Certifications or technical skills

Intermediate to advanced Excel skills including vlookups, pivot tables, comfort with writing formulas, etc.

Minimum Type of experience the job requires

Minimum 5 years in BusinessAnalyst role in an analytical function

Preferred Special Certifications or technical skills

Experience with utilizing internal data warehouse systems to pull data metrics for analysis.Experience with price web scraping tools a plus

Preferred Type of experience the job requires

Retail experience as a pricing expert, planner, assistant buyer, analyst preferred.

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc, our purpose is to fuel the joy of creativity. As the leading creative destination in North America, we operate over 1,300 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. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com

At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit mikbenefits.com.

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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