Retail Planner - Mumbai, India - burgundy hospitality

burgundy hospitality

Verified Company

Mumbai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job Title:
Retail Planner

About us:

Burgundy Brand Collective is one of India's fastest-growing specialty retail companies with stores in 9 cities.

The company partners with best-in-class international luxury brands to offer Indians a window to the finest food and lifestyle themes from across the world.

Our brand portfolio includes Royce' Chocolate
- a premium Japanese confectionery brand, Onitsuka Tiger - a leading Japanese fashion and lifestyle brand, Provenance Gifts - a marketplace for curated gourmet gifts and Papabubble - an artistic, youth-oriented global candy brand. The plan is to aggressively (yet astutely) scale out a portfolio of international brands pan

India.

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Inventory Management: Monitor and manage inventory levels to optimize product availability, reduce excess stock, expiry management, and minimize carrying costs.
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Sales Forecasting: Use data analysis and historical sales trends to create accurate sales forecasts by product category, store location, and season.
-
Open-to
Buy (OTB)

Preparation:
Develop and track the Open-to-Buy calendar for the year.

Please the OTB plan along with the budget as per the calendar to ensure timely stock ordering for the brand.

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Allocation and Replenishment: Allocate merchandise to stores based on demand and sales performance and implement replenishment strategies to maintain optimal stock levels.
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Promotion Planning:Collaborate with marketing and sales teams to plan and execute promotional events, ensuring that inventory levels can support increased demand during promotions.
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Vendor Collaboration:Work closely with packaging and logistics vendors to negotiate terms, quantities, and delivery schedules to meet inventory needs and customer order delivery timelines.
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Data Analysis:Analyze sales, inventory, and other retail data to identify trends, opportunities, and potential issues. Provide actionable insights to drive decision-making.
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Seasonal Planning: Develop seasonal merchandise plans, taking into account seasonality, trends, and holidays.
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Reporting:Prepare regular reports and presentations on sales, inventory, and performance against targets for management and other stakeholders.

Skills and Experience Desired:

A bachelor's degree preferably in Maths, Statistics, Finance, Business Studies.
4+ years' experience in retail and/or merchandising with an understanding of shortterm shelflife products.
Well

- organized with a structured approach to buy planning.

Strong excel skills and capable at building buy and sellthrough budgets.
Strong communicator with a high level of maturity.
Deep organisational skills, with a very detail and process oriented approached to the role.