Senior Merchandise Planner

This is a fully remote position, open to applicants in Connecticut.

📋 Description

• Take charge of the financial and inventory strategy for designated product categories across various channels.

• Convert enterprise objectives, customer insights, and product strategies into practical merchandise plans.

• Act as a strategic collaborator with Brand and cross-functional teams.

• Influence pre-season and in-season decisions to enhance sales, margin, inventory efficiency, and profitable growth.

• Create and oversee category plans based on key performance indicators.

• Utilize analysis, forecasting, and scenario planning to pinpoint risks and opportunities.

• Impact investment choices and assist in developing scalable plans for new products and categories.

• Formulate pre-season plans across multiple channels to align with merchandise strategies, line development, and purchasing requirements.

• Collaborate with Planning and Brand partners to establish preseason product trends and adjust seasonal plans with revised projections.

• Deliver monthly updates of demand plans to Merchandise/Inventory Planning executives.

• Examine historical data, current trends, and business performance.

• Predict the impact of markdowns on item sales rates and category/department profitability.

• Engage in Merchandise Planning sessions, including Monthly S&OP and Weekly Business Meetings.

• Ensure fiscal control through promotional decisions and inventory management.

• Acquire comprehensive knowledge of Omni-Planning and develop item-level plans that support overarching goals.

• Enhance understanding of available data resources and merchandise.

• Assist with team projects and undertake additional responsibilities as assigned.

⛳️ Requirements

• A Bachelor's degree in business administration, Finance, or a related field is essential.

• 4-7 years of progressive experience in merchandise planning, preferably in a specialty retail or omnichannel setting; relevant retail buying experience may also be acceptable.

• Advanced knowledge of retail math and financial planning, covering sales, inventory, margin, turnover, and open-to-buy management.

• Proven experience in developing and managing merchandise plans for new products and categories, from initial forecasting and assortment planning to performance analysis and in-season modifications.

• High proficiency in MS Office Suite, Outlook, and internet applications.

• Strong analytical, prioritization, interpersonal, problem-solving, presentation, and planning skills.

• Excellent verbal and written communication capabilities.

• Demonstrated ability to collaborate effectively and function well within a team.

• Capacity to work with and influence peers and senior management.

• Ability to thrive in a fast-paced and deadline-driven environment.

• Self-motivated with a keen attention to detail, deadlines, and reporting.

• Consistently embody each of our Lovesac values, being results-oriented and leveraging knowledge to meet or exceed key performance indicators (KPIs), goals, and deadlines.

• Must be able to travel using various transportation methods as required by the Company for mandatory meetings and conferences, either at our offices or offsite.

• Compliance with all policies and procedures outlined in the Lovesac Employee Handbook is required, along with a collaborative approach towards fellow employees, treating all clients, both internal and external, with dignity and respect at all times.

• Immigration sponsorship is not available for this position.

🏝️ Benefits

• Annual Bonus Program

• Inaugural Grant Equity Award

• 401K Matching Contribution

• Financial Wellness Tools

• Medical, Dental, Vision, Health Savings, and Flexible Spending Accounts

• Paid Parental Leave

• Life/AD&D Insurance

• Short Term and Long-Term Disability Insurance

• Critical Illness and Accident Insurance

• Employee Assistance Program

• Up to 160 hours of paid time off within our fiscal calendar year, prorated from the date of hire

• 8 paid company-recognized holidays

• Pet Insurance

• Generous Associate Discounts

• Reasonable accommodations during the application or interview process