Merchandise Analyst
About Our Company
Lids Sports Group, operating within Lids Holdings, Inc. is the largest licensed sports retailer in North America, selling fan and fashion-oriented headwear and apparel across North America, Europe, and Australia. Operating out of Indianapolis, IN, Lids retail stores and affiliated concepts offer officially licensed headwear from collegiate teams and major professional sports teams, as well as branded headwear and other specialty fashion categories in the latest styles and trends in over 1,200 locations and counting. Lids is currently in growth mode with the goal to open a significant number of stores, both domestically and internationally, as well as with the goal to help grow Lids to be the largest brick-and-mortar licensed sports retailer globally.
General Position Summary
This position will work to cultivate a solid knowledge of replenishment practices, alignment with merchandising strategies and analytical skill sets to ensure that the right product is at the right stores at the right time. Develop and implement store distribution strategies to support sales and inventory objectives and to ensure department financial goals are met. Partner with buying and planning teams in executing item/program/category strategies to support financial plans.
Principle Duties and Responsibilities
- Build, develop, execute, and maintain allocation strategies to ensure maximum sell through and profitability on product while minimizing markdowns.
- Analyze sales trends to ensure stores are in stock on core items, promotional product, new programs, and seasonal merchandise.
- Identify and rectify stock imbalances in individual stores through the allocation of new receipts and replenishment inventory to maximize the ability of each store to generate sales and margin.
- Analyze SKU and program productivity to ensure store turn and weeks of supply goals are met; create and develop tiered assortment strategies.
- Review and analyze distribution center stock position and decide upon action as needed.
- Ensure all stores have appropriate inventory levels to support presentation and sales while collaborating with cross functional team.
- Develop optimal store ranking to ensure proper distribution of merchandise.
- Develop knowledge of geographic and store-attribute performance and trends through analysis and drive results by transferring knowledge into allocation strategies.
- Manage E-Commerce inventory and allocation needs.
Job Required Knowledge & Skills
- Bachelor's Degree in Marketing, Business, Fashion Merchandising or other related field and/or 1-3 years of applicable retail work experience; prior allocation experience is preferred.
- Strong Retail Math skills and Analytical skills.
- Ability to research and analyze large amounts of data.
- Computer skills to include the navigational ability in a networked environment and proficiency in Microsoft Word and email applications; intermediate to advanced skills in Microsoft Excel.
- D365 experience preferred.
- Demonstrated ability to communicate effectively both verbally and in writing.
- Results-oriented, willingness to follow through, make informed decisions, complete tasks and problem-solve.
- Uses rigorous logic and thoughtful thinking to effectively identify, address and resolve challenges.
- Demonstrated abilities in learning new skills, change/variety in work and creativity; exhibit attention to detail with high degree of accuracy.
Reports To
- Senior Merchandise Manager