Merchandise Planner

New Balance
Lawrence, MA, USA
Posted 15 days ago
Full timeFootwear Manufacturing
Who We Are

Since 1906, New Balance has empowered people through sport and craftsmanship to create positive change in communities around the world. We innovate fearlessly, guided by our core values and driven by the belief that conventions were meant to be challenged. We foster a culture in which every associate feels welcomed and respected, where leaders and creatives are inspired to shape the world of tomorrow by taking bold action today. At New Balance, We Got Now.

Job Mission

New Balance’s Merchandise Planner will plan, forecast, and manage sales, margin, inventory receipt plans and turn for the Retail stores. Key responsibilities are to maximize sales, gross profit, inventory turns, minimize markdowns, and manage the Open To Buy for specific categories by analyzing financials, market, and customer data. The Planner works within seasonal budget guidelines and participates in promotional planning initiatives.

Major Accountabilities

  • Build pre-season financial plans inclusive of sales, gross margin, and inventory at a weekly and monthly level which tie to the companies’ budgeted sales, gross margin and turn goals.
  • Responsible for Quarterly reforecast with Finance Team.
  • Maintain OTB report forecasting sales, gross margin, and inventory turn by week/month at a department/class level. Communicate business performance during weekly sales and monthly OTB meetings.
  • Quantify in-season risks and opportunities at the department, class, and style level making the appropriate recommendations to merchant teams and management
  • Maintain reporting and metrics to drive merchandising strategy and promotional analysis
  • Update weekly/monthly business summaries to report out on status of business (monthly; quarterly; etc.), including recommended responses to trend
  • Assist in reporting and analysis for Management
  • Build and develop relationships with cross functional business partners to achieve financial results for area of responsibility and total company
  • Attends weekly business meetings

Requirements For Success

  • Bachelor’s degree plus a minimum of 2+ years of merchandise planning experience
  • Proficient PC skills, including MS Office Suite and advanced Excel skills
  • Understanding of retail math components
  • Aptitude to analyze discrete data to identify trends, risks, and opportunities
  • Demonstrate critical thinking and problem-solving skills
  • Effective communication skills at multiple levels within the organization including senior management
  • Support an environment that fosters respect for the ideas of others as well as ongoing collaboration to execute business strategy

Regular Associate Benefits

Our products are only as good as the people we hire, so we make sure to hire the best and treat them accordingly. New Balance offers a comprehensive traditional benefits package including three options for medical insurance as well as dental, vision, life insurance and 401K. We also proudly offer a slate of more nontraditional perks – opportunities like online learning and development courses, tuition reimbursement, $100 monthly student loan support and various mentorship programs – that encourage our associates to grow personally as they develop professionally. You’ll also enjoy a yearly $1,000 lifestyle reimbursement, 4 weeks of vacations, 12 holidays and generous parental leave, because work-life balance is more than just a buzzword – it’s part of our culture.

Learn More About Our Benefits

Temporary associate benefits will be communicated separately.

Flexible Work Schedule

New Balance is committed to creating a culture that allows our associates to do their best work. Our

corporate

work-from-home policy does not mandate an arbitrary number of days in-office. Instead, we’ve designed a flexible hybrid model that empowers individual teams by letting the type of work dictate where it will most effectively be performed. We are capitalizing on this unique opportunity to evolve how we work based on efficiency, productivity, and the well-being of our associates.

Equal Opportunity Employer

New Balance provides equal opportunities for all current and prospective associates and takes affirmative action to ensure that employment, training, compensation, transfer, promotion and other terms, conditions and privileges of employment are provided without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, handicap, genetic information and/or status as an Armed Forces service medal veteran, recently separated veteran, qualified disabled veteran or other protected veteran.

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