About Us:
Established in the year 2007, Reliance Brands Limited is an investment arm of Reliance Industries Limited in Premium to Luxury segment of Retail. RBL began operations with a mandate to launch and build international and domestic brands in the premium-to-luxury segment across apparel, footwear and lifestyle businesses. Its current portfolio comprises of all long-term partnerships such as Bally, Kate Spade, Emporio Armani, Canali, Coach, Brooks Brothers, Diesel, MUJI, Steve Madden, Superdry, Hunkemoller, Iconix etc. We have 60 International Brands & Omni-channel partnerships in the country with over 700+ point of sales with Head offices in Mumbai & Gurgaon.
Job Title: Manager /Deputy Manager – Retail Planning
Role: The Company’s merchandise mix and assortments are constantly evolving as merchants and planners focus on what customers want to buy and respond by providing best of the products on a wider variety of name brand merchandise. Incumbent is expected to drive & maximize Sales & Profitability in the business by providing effective Merchandise Strategies. Planning & In Season management of Assortment & Inventory by Stores/Region/Product Hierarchy to achieve or exceed Strategic Business Targets viz. Top-line, Sell-Thru, Gross Margin, etc. He/she must have a keen eye to detail and decisions driven by customer needs
Key Responsibilities:
- To devise a buy plan after reviewing the product performance and inventory turn
- To plan Option wise pricing in line with Annual Operating Plan
- To assign base stock as per the Product Hierarchy & Store Location and manage the same to ensure each category is adequately represented at each store at all times
- To place seasonal buys in line with OTB
- Co-ordinate product launch and shipments with HQ and RBL SCM team
- Define launch plan at stores
- To audit PO & ensure fulfilment
- Gross Margin/P&L Management
- Product pricing strategy to manage budgeted multiples
- Optimizing Logistics cost
- Discount budget management
- Sell Through/Promotions Management
- Generate and analyse inventory and sales reports to deduce relevant trends
- Plan & communicate promotional activities to store team and in support to it, ensure adequate inventory
- Best seller and slow mover management, planning stock rotation and restricting Opportunity Loss
- Relationship management with all partners – Brand partners, SIS partners, E-com partners and third party
- Provide feedback on inventory health at various stores, circulate periodic reports like sell through, top sellers, slow movers, size set availability etc.
- Build incentive plans for store teams – depending on prices, product and push strategy.
- Product knowledge as per mystery shopping parameters.
- Periodic product training to store teams
Desired Skills and Abilities:
- Demonstrate strong business understanding with flair for fashion retailing.
- Self-starter, exceptional communicator and good at interpersonal skills
Education & Experience Required:
- PG in Retail Management/Fashion Management from a reputed business or fashion institute
- Min. 5 years of experience in similar role for retail Planning & Merchandise allocation
- Preferred Industries – Organized Fashion Retailers/Ecommerce companies
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