Regional Merchant

at lululemon athletica (view profile)
Location Vancouver, Canada
Date Posted July 14, 2021
Category Retail
Job Type Full-time

Description

Regional Merchant
Posted: lululemon athletica

Salary: $80,000.00 - $125,000.00/Annually

Job Type: Full-Time, Permanent

Language: English

Start Date of Employment (Approx.): As soon as possible

Minimum Education: None

Positions Available: 2

NOC Group: 6233

Job Location(s)
1818 Cornwall Ave
Vancouver, British Columbia
V6J 1C7 Canada

Job Description

A day in the life:

The Regional Merchant is responsible for delivering region-specific insights to the Global Merchandising team to inform regional product strategies. This is inclusive of financial goals, metrics, local product, cultural and guest insights. They are an analytical thinker who can balance foresight, insight and hindsight to draw critical business conclusions and work closely with cross-functional partners throughout the product lifecycle for in-season execution and management of their product category through weekly business analysis, corresponding actions, open-to-buy and product exit. This individual can adjust the game plan with agility to drive sell strategy and deliver product intent across all guest touch points, including visual merchandising, retail and digital experience.

 

Key Responsibilities:

• Share Regional insights (guest, products, market trends) with Global Merchandising, informing product strategies and regional style needs

• In collaboration with the Manager, develop Regional merchandising strategies and omni channel approach for the season (department and class) for their business categories

• Develop Regional pricing product architecture, as informed by Global strategy

• Create product assortment that reflects brand consistency and regional relevance, maximizing profitability and sales across product class, key items and channels

• Manage Class assortment and clustering, ensuring delivery against capacity targets and guest profiles

• Identify fast turn style needs to round out regional assortment needs

• Collaborate with Planning to execute seasonal regional buys against global product and financial goals

• Create Visual assortment view for region

• Prepare and present decks for Buy Reviews (incl. strategies, attributing, investments, flow, etc)

• Validate buy accuracy, resolving MOQ issues and partnering with Global teams to ensure Buy Ready issues are solved.

Qualifications, Skills and Experience:

• BA, BSc, BBA, BComm (or equivalent), specialization in Retail or Merchandising Management an asset

• Minimum five years of Merchandising or Buying experience is required. Vertical retail and/or omni channel experience is preferred

• Proficient in Microsoft Office Program and mastery in excel, proficiency in PO and Price Management software

• Strong analytical skills with the ability to interpret multiple data points across numerous channels and market segments

• Mastery of retail mathematics, including elements of markup, margin, planning, open to buy and investor productivity

• Ability to balance analytical and creative tasks

• Strong understanding of season-to-season business performance and ability to drive business based on key financial indicators in order to maximize business opportunities

• Acute eye for product and colour trends

• Aware of macro lifestyle and fashion trends and how this relates to the active and wellness industry

• Willingness to travel (domestic and international) and work on the retail floor

*Comprehensive benefits package including extended medical, dental, disability, & RRSP matching and performance based bonus available. We offer a competitive salary based on experience and support in relocation costs for qualified candidates not residing in Vancouver. The employee is eligible for performance based salary increases & bonuses.

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