We are seeking a highly experienced and strategic Merchandising Category Manager to lead our merchandising, planning, and control team. The successful candidate will be responsible for developing and implementing effective merchandise plans to ensure the right products are available at the right time to meet customer demand and drive sales. This role requires a combination of strategic thinking, financial acumen, and leadership skills to optimize inventory levels and contribute to the overall success of our retail business.
Job Responsibilities:
-To plan and forecast future product demands in line with meeting financial objectives, and to determine purchasing quantities, frequency of purchases and distribution spread for each brand subcategories.
-Set Recommeded Consumer Price, and Targeted Initial and Maintain Product margins for optimal / targeted revenue and profitability generation.
-To coordinate with Procurement Department for the purchasing of products to meet planned products' needs, to receive feedback on sourcing of product cost, fabric and quality.
-Review in-season performance and recommend in-season adjustments to achieve sales, margin, and turnover goals.
-Ensure the products appear in the right store at the appropriate time and in sufficient units to maximize sales potential while minimizing lost sale opportunities.
-Monitor and analyse product performance through system-generated reports, and make recommendations on stock movement, replenishment, consolidation, promotions or markdowns whenever necessary.
-Gather information from retail personnel on customers' reaction towards new products after each launch and compare results with previous season's launches.
-To review product performance reports among inter-departmental members to strive for continuous improvement.
-Liaising closely with warehouse to ensure stock allocation and movement is successfully executed.
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; Requirements:-
-Minimum of five years' work experience in a buying/merchandising function in the retail industry, preferably in fashion retail.
-Exceptional analytical, strong attention to detail, and a proactive individual with a can-do attitude.
-Outstanding organisational skills and experience in effectively coordinating projects across multiple departments/functions against deliverables.
-Demonstrate strong entrepreneurial drive as a self-starter who takes initiative, fast learner, resourceful, and willing to get hands dirty to achieve results and goals.
-Excel savvy and possess strong analytical skills.
-Able to work independently with minimum supervision and meeting tight datelines.