Merchandising Executive

Role Overview

• Develop strategic merchandising plans to achieve sales targets and enhance customer satisfaction.
• Analyze market trends, consumer behavior, and competitive landscape to identify opportunities for product assortment optimization.
• Work closely with the buying team to select the right mix of merchandise that aligns with the company's brand image and target market.
• Conduct store visits and competitor analysis to understand market positioning.
• Oversee inventory levels and product replenishment to minimize stockouts and excess inventory.
• Utilize data analytics and forecasting techniques to optimize inventory turnover and reduce carrying costs.
• Collaborate with the visual merchandising team to create appealing product displays and store layouts that drive customer engagement and sales.
• Ensure that merchandising standards are consistently maintained across all retail locations.
• Develop promotional strategies and pricing policies to stimulate sales and maximize profitability.
• Monitor the performance of promotions and pricing initiatives and make adjustments as needed to achieve desired outcomes.
• Partner with cross-functional teams including marketing, retail, and operations to execute merchandising initiatives effectively.
• Communicate merchandising priorities and strategies to internal stakeholders and ensure alignment with overall business objectives.
• Track and analyze key performance indicators (KPIs) such as sales, margin, and inventory turnover and sell-through rates.
• Generate reports and insights to evaluate the effectiveness of merchandising strategies and identify areas for improvement.

Requirements

• Bachelor's degree in Merchandising, Marketing, Business Administration, or related field. Diploma holders with relevant experience are also welcome to apply.
• Proficiency in Microsoft Excel and Google Sheets.
• Proven experience in merchandising roles within the retail industry, with at least 1-2 years of experience.
• Strong analytical skills and attention to detail with the ability to interpret data and trends to make informed merchandising decisions.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
• Strategic mindset with a focus on driving results and achieving business objectives.
• Flexibility to work extended hours during peak seasons or special events.
• A passion for retail and a keen understanding of consumer preferences and market dynamics.

Benefits

• Flexible Work Arrangement
• Hybrid and flexible work arrangement
• Staff Wellness
• Comprehensive corporate insurance (Fully covered visits at our panel clinics, Dental coverage, Maternity reimbursement)
• Learning and Career Development
• Learning and development (i.e. subscription plans to best-in-class resources, personal development fund etc)
• Dedicated leadership training for those of managerial responsibilities
• Friday pm off for learning
• #TeamLB perks
• Generous staff discount off LB products
• Corporate partnerships with a variety of companies