Unclassified - New York, NY
posted about 1 month ago
As an Assistant Planner at J.Crew Group, you will play a crucial role in supporting your manager in the creation and execution of sales and inventory financial plans at various levels, including department, style, and SKU. This position is designed for individuals who are eager to develop their analytical skills and contribute to identifying sales opportunities while providing risk-mitigating recommendations. Your responsibilities will span across both preseason and in-season planning, ensuring that the company meets its financial goals while maintaining a focus on customer satisfaction and product quality. In the preseason phase, you will be tasked with creating comprehensive sales, margin, and inventory plans by department, class, style, and color. This involves analyzing results from previous quarters to identify missed sales opportunities and growth drivers compared to the prior year. You will summarize the opportunities and risks associated with product plans, taking into account various financial metrics such as initial mark-up, average unit retail, average unit cost, and net margin dollars/rate. Additionally, you will assist your manager in developing financial strategies for both growth and diminishing categories based on current trends and historical data. During the in-season phase, your role will shift to providing daily and weekly updates on business performance, identifying trends, and highlighting sales that exceed or fall short of expectations. You will prepare sales, margin, and inventory forecasts, assisting your manager in monthly open-to-buy (OTB) forecast meetings. This includes validating stock-to-sales relationships, maximizing receipt flow to improve turnover, reconciling receipts, and suggesting pricing strategies to enhance profitability. You will also generate and manage style-level weekly unit sales plans to inform total department sales expectations and identify styles contributing to variances from forecasts. Furthermore, you will assist in proposing markdown and promotional strategies to maximize profitability throughout the lifecycle of items or categories, providing insights into pricing and margin scenarios.