Assistant Assortment Analyst, Cosmetics

$53,520 - $89,160/Yr

Macy's - New York, NY

Full-time - Entry Level

New York, NY

General Merchandise Retailers

About the position

The Assistant Assortment Analyst supports the Assortment team in achieving sales, margin, turn, and growth objectives through assortment optimization. This role requires strong business acumen and an understanding of merchandising principles, with a focus on collaboration and support for the Assortment team to achieve results.

Responsibilities

• Contribute to the development of assortment plans aligning with overall business and promotional strategies.
• Collaborate with Merchants to ensure channel plans align with top-line strategic and financial objectives.
• Support the Assortment team in developing plans that cater to channel needs and capitalize on opportunities.
• Analyze in-season product performance, focusing on channel demand, class/category performance, style performance, and major marketing performance.
• Assess assortment effectiveness by channel and respond to business opportunities accordingly.
• Monitor vendor performance and provide recommendations to the Director of Assortment to maximize profitability.
• Set allocation parameters, including minimum and maximum values, and efficiently run allocations in the system (A3).
• Create comprehensive recaps for the Director of Assortment Planning, offering strategic insights derived from the analysis.
• Conduct thorough analyses of reports to gain insights into in-season product performance, with a specific focus on channel demand, vendor performance, class/category performance, style performance, and location group performance (Region/Tier/Climate).
• Demonstrate a keen ability to react promptly to in-season sales trends, effectively communicating findings and taking appropriate actions in allocations.
• Execute reorders as dictated by business needs, ensuring timely and accurate responses to changing demand patterns.

Requirements

• Bachelor's degree or equivalent work experience in a related field.
• 1-2 years of experience in retail or e-commerce buying or planning.
• Proficiency in Microsoft Excel, PowerPoint, and other MS Office Suite tools.
• Strong analytical skills to assess in-season product performance and assortment effectiveness.
• Basic understanding of financial performance metrics related to assortment planning.
• Strong business acumen and understanding of merchandising principles.

Nice-to-haves

• Experience in e-commerce analysis.
• Ability to work independently and identify opportunities for business growth.

Benefits

• Store discount
• Paid holidays
• Disability insurance
• Health insurance
• Dental insurance
• 401(k)
• Tuition reimbursement
• Paid time off
• Employee assistance program
• Vision insurance
• 401(k) matching
• Flexible schedule