Job Description: Senior Merchant

As a Senior Merchant, you will play a pivotal role in shaping and executing the merchandising strategy for the company. This position requires a seasoned professional with a deep understanding of market trends, consumer behavior, and product assortment. The Senior Merchant will collaborate with cross-functional teams to drive sales, optimize inventory levels, and enhance the overall customer experience.

Key Responsibilities:

1. Merchandising Strategy:

• Develop and implement a comprehensive merchandising strategy aligned with the company's overall goals and objectives.
• Stay abreast of industry trends, competitor activities, and market dynamics to identify new opportunities and potential risks.

1. Product Assortment:

• Curate a diverse and compelling product assortment that meets the needs and preferences of the target audience.
• Work closely with vendors and suppliers to negotiate favorable terms, secure exclusive products, and ensure high-quality merchandise.

1. Inventory Management:

• Optimize inventory levels to maximize sales while minimizing overstock and out-of-stock situations.
• Implement effective forecasting and demand planning processes to ensure product availability and timely restocking.

1. Cross-functional Collaboration:

• Collaborate with cross-functional teams, including marketing, finance, operations, and sales, to ensure alignment and seamless execution of merchandising initiatives.
• Work closely with the marketing team to develop promotional campaigns and strategies that drive product visibility and sales.

1. Data Analysis:

• Utilize data analytics to assess product performance, customer behavior, and market trends.
• Make data-driven recommendations for assortment adjustments, pricing strategies, and promotional activities.

1. Vendor Management:

• Cultivate strong relationships with vendors and negotiate favorable terms and conditions.
• Evaluate vendor performance and take corrective actions as needed to ensure compliance with quality standards and delivery timelines.

1. Financial Management:

• Manage the merchandising budget effectively, ensuring that financial goals are met and profitability is maintained.
• Monitor key performance indicators (KPIs) and implement strategies to improve overall financial performance.

1. Leadership and Mentorship:

• Provide leadership and mentorship to junior members of the merchandising team.
• Foster a collaborative and innovative work environment that encourages continuous learning and professional development.

Qualifications:

• Bachelor's degree in Business, Marketing, Merchandising, or related field. Master's degree is a plus.
• Proven experience in a senior merchandising role, with a track record of successfully driving sales and managing product assortments.
• Strong analytical and strategic thinking skills.
• Excellent negotiation and communication skills.
• In-depth knowledge of the retail industry and market trends.
• Proficiency in using merchandising software and data analysis tools.