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Director Merchandising Planning

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Mejuri

1mo ago

  • Job
    Full-time
    Senior Level
  • Sales & Business Development
    Business, Operations & Strategy
  • Toronto
  • Quick Apply

AI generated summary

  • You should have 5+ years in retail planning/buying, leadership experience, strong analytical skills, strategic thinking, and advanced Excel proficiency. Excellent communication and inventory management skills are crucial.
  • You will optimize merchandise plans, lead forecasting, manage OTB, analyze sales performance, support product buy reviews, and develop tools while guiding a small team of planners.

Requirements

  • Experience: 5+ years of experience in a retail environment including time as a planner, buyer or retail business analyst.
  • Demonstrated leadership experience, managing teams and working with executive leaders
  • Experience in high growth retail environment with frequent new store openings
  • Demonstrated retail experience and business acumen including forecasting, promotions, margin planning, selling and inventory productivity measures.
  • Excellent verbal and written communication and presentation skills including the ability to present complex material in an organized and compelling manner.
  • Proven track record in assortment and inventory planning to help optimize retail stores for highest conversion rates
  • Strategic thinker who recognizes opportunities and can recommend strategies by building business case and influence senior leaders to move to execution
  • High level of conceptual creative ability. Strong product sense with proven experience in driving product assortments and partnering to lead investment strategies that drive business.
  • Strong time management skills, attention to detail, problem solving, interpersonal and organizational skills – communication between functional groups is very critical.
  • Advanced proficiency in Excel, and data / business intelligence tools.

Responsibilities

  • Develop merchandise financial plans which optimize product category sales, financial, margin, and inventory goals.
  • Lead the forecasting for carryover and new product launches and new store openings.
  • Be the focal point for weekly sales reporting, developing tailored reporting for senior leadership and the merchandising, finance, supply chain, retail sales, and digital teams.
  • Develop and deliver performance analysis across the business that measures achievement of sales, margin, and inventory plans.
  • Manage the open to buy (OTB) process (part of the sales and operations planning process) that budgets for inventory purchases of both carryover and new products.
  • Support the buy review process (where new product investments are agreed) with forecasting and analysis including halo and cannibalization estimates, required inventory investment, and margin.
  • Be the go-to for ad-hoc and diagnostic analysis of sales, gross margin, and inventory performance, communicating insights, corrective actions, and recommendations.
  • Provide analytical support to the merchandising team as they develop product assortment, pricing, life cycle, and discontinuation plans.
  • Help develop systems and tools to facilitate the merchandising planning function.
  • Lead and develop a small team of demand and merchandise planners.

FAQs

What is the role of the Director of Merchandising Planning at Mejuri?

The Director of Merchandising Planning is responsible for ensuring product assortment and inventory plans meet customer expectations while aligning with Mejuri’s financial goals. This includes developing merchandise financial plans, leading forecasts for product launches and store openings, and providing data-driven insights to support business performance.

What qualifications are required for the Director of Merchandising Planning position?

The ideal candidate should have 5+ years of experience in a retail environment, demonstrated leadership skills, and experience in high growth retail environments with frequent new store openings. Strong analytical, communication, and Excel skills are also required.

What kind of team will the Director of Merchandising Planning lead?

The Director of Merchandising Planning will lead and develop a small team of demand and merchandise planners.

What are some key responsibilities of this position?

Key responsibilities include developing merchandise financial plans, managing the open to buy (OTB) process, providing analytical support to the merchandising team, and conducting performance analysis across the business.

Is there any support for professional development at Mejuri?

Yes, Mejuri conducts semi-annual performance reviews and values continuous improvement, which contributes to professional development opportunities for employees.

What benefits are offered to full-time employees?

Full-time employees receive a minimum of three weeks vacation, comprehensive medical and dental benefits, mental health coverage, parental leave salary top-up, a generous product discount, and other supportive benefits.

Does Mejuri have a commitment to diversity and inclusion?

Yes, Mejuri is committed to diversity and does not discriminate in hiring practices. The company also provides accommodations for individuals who require them, ensuring accessibility needs are met.

How does Mejuri promote a positive work culture?

Mejuri promotes a positive work culture through its guiding values, which emphasize collaboration, customer obsession, empowerment, and a focus on results, fostering an inclusive environment.

What is the workplace flexibility like for this role?

Mejuri embraces a hybrid working environment, allowing corporate employees to work effectively from home or in the office, promoting collaboration and relationship building.

Is there a performance metric for the Director of Merchandising Planning?

Yes, the Director of Merchandising Planning is expected to monitor progress through clear metrics related to sales, margin, and inventory plans to ensure business objectives are met.

Mejuri

Redefining luxury, your way.

Retail & Consumer Goods
Industry
201-500
Employees
2013
Founded Year

Mission & Purpose

At Mejuri, we're redefining luxury. Feeling disconnected from the traditional industry narrative, CEO Noura Sakkijha leveraged her learnings as a third-generation jeweller to rethink the way we purchase jewelry—for ourselves. From that founding moment, we’ve been putting a modern spin on a legacy industry through high-quality craftsmanship, timeless design, meaningful stories and an authentic sense of community. “I founded Mejuri because I saw a jewelry industry that was built for men gifting women and not women celebrating themselves. To me, the truest expression of Mejuri is mutual uplift: all of us supporting each other, and you, our community, feeling empowered to invest in yourself and, in turn, the community around you.” - Noura Sakkijha, CEO OUR VISION A world in which everyone feels inspired to celebrate more than what we're told. To recognize the moments and memories we experience every day that matter most to us.