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Michaels Stores · 14 hours ago

Merchandise Planner

DFW Metroplex

Full-time

Hybrid

Mid Level

3+ years exp

Michaels Stores is a leading retailer in the arts and crafts sector, and they are seeking a Merchandise Planner to act as a key business partner with Buyers and Sr Buyers. The role focuses on optimizing sales, margin, and inventory through analysis, purchase planning, assortment planning, and reset support.

EducationMarketplaceRetail

Responsibilities

Provide Buyer/Sr Buyer with analysis and recommendation to optimize sales, margin and inventory, in season recommendations to optimize seasonal plans

Ensure corporate inventory initiatives are included in dept strategies

Optimize seasonal inventory flow

In season management and execution of basic assortment exit strategies for resets

Partner with Financial Planner to develop and execute SKU rationalization goals

Use MFP (Michaels Financial Planning) to create weekly sales, margin and inventory plans at subclass level for seasonal and trend programs

Owns MFP administration for seasonal and basic plans

Incorporates correction of errors

Recommend "wave breaks" for seasonal flow

Recommend optimal inner and master packs

Partner with pricing and Buyer/Sr Buyer to make appropriate in season MD recommendations for seasonal and trend product

Evaluate forward buys on market deals and other opportunities

Develop and adhere to critical timelines

Ensure assortments are completed within specific timeframes

Participate in assortment plan review with category mgt team for seasonal and SBA assortments by analyzing historical information, and make appropriate recommendations

Develop and implement MD strategy following reset financial timeline

Implement order placement timing for new product with Buyer/Sr Buyer and replenishment team

Monitor progress of reset activities and integrate into MFP sales, margin and inventory forecast

Update finance partner on any activities that would require updating reset financials