Merchandise Planner

5 months ago

Montréal, Canada Frank And Oak Full time

**HELP US CHANGE FASHION**

At Frank And Oak, we’re dedicated to designing clothes people feel good in and feel good about. The decisions made in the fashion industry have a huge impact on people and the planet. Faced with the effects of climate change, we fully recognize the urgency to do our part. This is why we are committed to minimizing our impact by prioritizing recycled fabrics and responsible practices throughout our supply chain to make quality clothing that lasts.

We’re looking for forward-thinkers to help us challenge standard practices in the retail and fashion industries in a collaborative and inclusive work environment. Sounds like something you’re interested in? Drop us a line

**JOB SUMMARY**

As a key person to the Director of Planning/Merchandising, the Merchandise Planner plays a pivotal role in maximizing sales and optimizing inventory levels across all distribution channels, ensuring alignment with financial targets and overarching company goals. With a keen eye on market trends and product performance analysis, this role spearheads the strategic introduction of new products tailored to anticipated customer demands. Ultimately, the Merchandise Planner crafts a compelling "Product Story" designed to captivate and delight our customers.

As a member of the planning team, you play a key role in the financial success of Frank And Oak by making key financial decisions to maximize sales, margins and inventory productivity.

**KEY RESPONSIBILITIES**

**Merchandising**:

- Curate a seasonal collection that not only offers a diverse assortment of products but also tells a compelling story to engage customers and enhance their shopping experience
- Responsible for managing the Womenswear Open-to-Buy process, monitor the purchases against plans in accordance with sales trend and inventory levels
- Build preseason assortment plans based on business strategies, post-mortem takeaways, seasonal concepts and trends
- Forecast sales and inventory at the style/colour level for all key items
- Review purchases with the Director of Planning/Merchandising and recommend strategic actions to maximize sales and margins, optimize inventory, and mitigate risk

**Inventory Management**:

- Develop and implement inventory management strategies to optimize stock levels and minimize carrying costs
- Monitor inventory levels and forecast demand to ensure adequate stock availability
- Analyze sales data and market trends to adjust inventory levels and product assortment as needed
- Coordinate with cross-functional teams to ensure appropriate inventory levels in all channels, including but not limited to allocation, recalls, chase orders, inbound priority, monitoring x-factory dates & transit times

**Financial Analysis**:

- Track and analyze key performance indicators (KPIs) related to each product category and collection
- Prepare budget forecasts and monitor spending to ensure adherence to financial goals
- Identify opportunities for cost savings and process improvements within the procurement and planning functions
- Be an integral part of building the long term financial and product strategies in line with the company objectives

**Cross-Functional Collaboration**:

- Collaborate with other departments, such as marketing, design, and sourcing, to align strategies with overall business objectives, notably on IMU optimization, sales event & markdown planning & execution, and any other ad-hoc projects requiring a merchandising point of view
- Communicate effectively with internal stakeholders to gather input on merchandise needs and preferences & propose strategic solutions to meet all team’s requirements

**WHO YOU ARE**
- Genuinely a nice human being / Fun person to work with
- Minimum of 5 years of experience in a similar role
- Degree in Fashion Marketing, Business Administration, Finance, or a related field
- Advanced proficiency with Microsoft Excel and Google Sheet is a must
- Aware of current fashion trends with a good understanding of customer needs
- Highly analytical and detail-oriented with a strong business and financial acumen
- Strong problem-solving abilities and resourceful
- Excellent organizational skill with the ability to set priorities and adapt in a changing business environment
- Effective written and verbal communication skills
- Possess an active Canadian work permit
- Frank And Oak is committed to providing an inclusive work environment. We believe in the benefits of diversity when each individual has the opportunity to reach their full potential._

We thank all applicants; however, only those selected for an interview will be contacted.

**AIDEZ-NOUS À CHANGER LA MODE**

Chez Frank And Oak, nous nous attachons à concevoir des vêtements dans lesquels les gens se sentent bien. Les décisions prises par l'industrie de la mode ont un impact considérable sur les personnes et la planète. Face aux effets du changement climatique, nous reconnaissons pleinement l'urgence de faire no

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