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Merchandising Analyst, Accessories

Employer
Tiffany & Co.
Location
New York, New York, United States
Closing date
24 Jun 2024

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Job Details

Position Overview:

The Analyst assists in all aspects of global merchandising for Accessories products which include leather goods (HB and SLG), men's accessories, fashion textiles, belts, key rings, eyewear, fragrance, and pets. Responsibilities include new product planning, pricing, assortment & lifecycle planning, e-commerce guidance and reporting. The Analyst leads category reporting, managing the new product architecture, setting new product pricing, setting PDP guidance (web copy & shot direction), conducting competitive reviews and ensuring timely and accurate systematic product maintenance. The Analyst supports the Director in managing the global product offering and assortment tiers, writing design briefs, conducting lifecycle planning and executing ad hoc strategic projects. Effective cross-functional communication is critical to success in this role.

Key Accountabilities:

New Product Planning
  • Manage style/sku architecture for Accessories and maintenance of all new product systems and reporting tools
  • Manage communication flow of new product updates relating to line plans and assortment buy sheets with cross-functional partners, including PD, Design, DP, RP, CVM, Marketing, PR, and regional teams
  • Conduct seasonal competitive analysis to understand competitive landscape and to identify new product and pricing opportunities
  • Partner with Retail Operations and create seasonal product knowledge deck/product catalogue
  • Support Director in writing seasonal design briefs and launch decks

Pricing
  • Set sku-level pricing strategies to drive margin in line with divisional objectives
  • Maintain proper pricing relationships among internal comps with consideration of competitive comps
  • Prepare pricing tools for formal price changes and partner with Director in setting pricing recommendations
  • Set pricing for all regional and channel exclusive requests
  • Resolve any ad hoc pricing discrepancies and manage off-cycle price change process

Assortment Analysis and Life-Cycle Planning
  • Support Director in setting baseline assortment strategies for new and existing product to maximize sales and inventory productivity while ensuring cohesive in-store displays
  • Partner with Retail Analyst to ensure assortments for new product are set within proper lead times for cross-functional planning; track feedback from cross-functional teams and recommend shifts in assortment baselines accordingly
  • Assist CVM in planning for visual directives and in-store merchandising by communicating new product plans and shifts in assortment strategies
  • Support Director in conducting regular category assortment reviews to identify opportunities for new product introductions, assortment expansion/contractions and product discontinuations
  • Support Director in preparing tools/analyses for any ad hoc assortment projects

E-Commerce
  • Manage process for launching new product on Tiffany.com relating to web copy, product mapping and photography needs
  • Provide initial shot direction to Creative teams
  • Review and approve web copy submitted by Copy team, providing recommendations for enhanced copy and sharing competitive insights where relevant
  • Partner with PD and QA to gather all necessary product details for web copy and ensure all information is accurately listed
  • Conduct competitive reviews to ensure all information on PDPs are aligned to industry standards
  • Update and validate pre-existing PDPs to align with evolving standards by partnering with Global Ecommerce, Copy, and Creative team

Reporting and Cross-Functional Communication
  • Update, validate and distribute all category reporting with relevant sales highlights, including visual grids, sales reports, hindsight decks, and product plans
  • Support Director in preparing materials for executive meetings and conferences
  • Support Director in completing ad hoc strategic projects

Additional Responsibilities
  • Manage systematic updates for all Accessories product as needed
  • Recommend seasonal products to highlight in Marketing and PR materials
  • Validate product and pricing information in all Marketing, PR and CVM collateral
  • Address all inquiries from Stores, Retail Operations, and other cross-functional teams in timely fashion
  • Work with IT to resolve merchandising system issues as needed

Required Qualifications:
  • Minimum 3 years of experience
  • Bachelor's degree
  • Desire to work in a team-oriented and collaborative environment
  • Detail oriented with strong organizational skills
  • Ability to prioritize, multi-task and meet shifting deadlines
  • Analytical mindset, thinks strategically and demonstrates a desire to learn
  • Advanced Excel skills and adaptability to new software and systems
  • Strong verbal and written communication skills

Preferred Qualifications:
  • Previous merchandising or buying experience from luxury leather goods brands
  • Self-motivated with strong drive for achievement
  • Comfort working in a highly dynamic environment

The hiring range for this position ranges from $74,035 - $87,100. The rate of pay offered will be dependent upon candidates' relevant skills and experience.

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