Merchandise Planning Manager

Recruiter
Ralph Lauren
Location
Hong Kong, Hong Kong
Posted
17 Jun 2022
Closes
09 Sep 2022
Ref
30232
Level
Manager
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.

Position Overview
Responsible for developing and presenting annual merchandise financial plans and seasonal Open to Buy; forecasting business based on changes in strategies or business climate and managing inventory to support updated forecasts.

Essential Duties & Responsibilities

* Develop bottoms-up sales and receipt plan by door that will validate and tie back to target budget/LRP by region, and total APAC
* Develop receipt flow targets by label and recommend in-season adjustments in delivery plans based on business trends.
* Review markdown proposal from Planner and communication with regions team.
* Maintain promotion record and plan for the promotion for outlet to achieve business need.
* Participate in all preseason merchandising meetings to understand merchandise direction, fashion flow and rig selection. (as applicable)
* Develop bottoms-up sales and receipt plan/seasonal OTB/BSR that will validate and tie back to target budget by region, and total APAC.
* Determine target class penetration mix, initial season projections, and influence the development the Scorecard based on style selling analysis and market knowledge.
* Participate in Monthly Forecast Reviews, preseason merchandising meetings to understand merchandise direction, fashion flow and rig selection.
* Participate in seasonal recode process and communication with regions team.
* Maintain door profiles and volume cluster rankings which incorporate climate needs by region.
* Review key business reports to measure assortment planning effectiveness (ST analysis, sales to stock, concept selling, etc)
* Review key business reports to measure assortment planning effectiveness and as basis for future season planning

Experience, Skills & Knowledge

* Degree holder in Textile, Merchandising, Retail or related discipline
* 5 years planning / merchandising related experience.
* Strong computer skills including Excel, Word and merchandise planning system
* Experience in fashion apparel industry preferred
* Excellent analytical and problem-solving skills
* Good communication and presentations skills on financial information and business strategies
* Strong leadership and negotiation skills