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Merchandiser

1.00 to 10.00 Years   Al Farawaniyah, Kuwait   12 Nov, 2024
Al-Yasra Group
500 Jobs Openings
Job LocationAl Farawaniyah, Kuwait
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFashion & Apparel - Retail & Wholesale - Fashion Design
Functional AreaNot Mentioned

Job Description

The role described focuses on merchandise and stock management within a retail or wholesale environment, with an emphasis on achieving financial goals and maximizing profitability. Key responsibilities include:Merchandise Management:

  • Develop and communicate inventory forecasts to merchandising and buying teams.
  • Support in budgeting and forecasting sales, margins, and stock levels by store/brand/season.
  • Implement markdown and promotional strategies to maximize profitability.
  • Analyze vendor performance and provide insights to support buyers decision-making.
  • Deliver weekly sales and performance analysis at store and department levels.
  • Collaborate with logistics to manage inventory and ensure timely delivery for launches.
Stock Management:
  • Forecast optimal stock levels and develop reports for monitoring.
  • Manage stock transfers to maximize sales and minimize markdowns.
  • Assist in stock re-buys, cancellations, and markdown management.
  • Ensure accurate tracking of stock movement and timely updates across functions.
Planning and Execution:
  • Conduct in-depth analysis for range and promotional planning.
  • Prepare seasonal range plans and perform complex analysis to support assortment, pricing, and inventory decisions.
  • Monitor stock-to-sales ratios and adjust strategies to meet targets.
  • Analyze KPIs and provide updates to the merchandising and buying teams.
Financial Controls and Profitability:
  • Conduct quantitative analysis to optimize profitability and identify risks.
  • Collaborate with buyers to develop markdown strategies for financial success.
  • Monitor and take action on bestsellers to ensure they reach full potential.
  • Address slow sellers by implementing price adjustments, promotions, or stock movement.
  • Overall, the role is highly analytical, requiring strong collaboration with various teams to ensure smooth inventory flow, optimized sales, and achievement of financial targets.

Keyskills :

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