At Torrid we're committed to cultivating a welcoming, inclusive and diverse culture driven by a focus on open dialogue, empowerment, recruiting, training, development and retention. We believe inclusion of diverse backgrounds and perspectives is fundamental to our success.
The Director, Merchandise Planning provides leadership and strategic direction to the planning team. In collaboration with the Senior Director, work to optimize the financial results for the assigned departments in partnership with other functional areas. The position reports to Senior Director of Merchandise Planning.
What You’ll Do:
- Provide communication and leadership to the merchandise planning team.
- Develop financial objectives and account for the financial results of the assigned division.
- Prepare reporting dashboards with metrics and KPI’s that measure the departments performance and provide updates.
- Guide the creation of original Top-down/Bottom-up planning process, including in-season foresting, pre-season assortment strategy and long range plans.
- Set strategic benchmark/guidelines and partner with business partners on planning of sales, margins, mark-ups, discounts, promotions, events, and advertisement, identifies business opportunities; revises plan as needed.
- Monitor gross margin monthly and act as needed to meet the financial goals.
- Develop planning calendar process for event/seasonal based plans.
- Drive Open to Buy process for the assigned division with buying team and refine the receipt flow process to improve inventory turnover continuously.
- Ensure excess inventories are reviewed with buying team; recommends specific SKUs to move to support goals.
- Analyze historic and current trends providing analytical support to buying team.
- Partner with Allocation counterpart to determine allocation strategies and ensure proper execution.
- Create vision and direction to move the team forward with new methodologies, process improvements and industry knowledge.
- Actively seek insights from others and explore the intricacies of our business independently, driven by an innate desire for knowledge.
- Ability to translate data into opportunities, providing actionable insights that guide our pursuit of strategic initiatives.
- Navigate effortlessly from intricate details to high-level strategic initiatives, bridging the gap between precision and overarching strategy.
- Bend the curve of results by moving beyond mere business forecasting, presenting both "stay-the-course" and innovative improvement options.
- Demonstrated adept problem-solving skills, overcoming obstacles with ingenuity and resilience.
- Thrives in a team environment that fosters mutual motivation, inspiration, and collective victories.
- Take initiative, exhibit tenacity, and actively seek collaboration
What You’ll Need:
- 8+ years of Planning/Allocation experience in a specialty retail environment.
- 7+ years related experience that includes leading a team.
- Proficiency in Word, Excel, Outlook, and PowerPoint (Microsoft Office Suite).
What You'll Get:
- A culture where people are accepted and encouraged to be who they are.
- Competitive compensation, 401k with company matching contribution, plus potential to earn company performance-based bonuses.
- Comprehensive wellness package including, medical, dental, vision, and Flexible Spending Account
- Generous 50% employee discount and access to employee-only sales.
- Support the causes you’re passionate about. We pay you up to 32 hours annually for volunteering your time in the community.
- Child Care Discount at participating locations.
- Tuition reimbursement program
- Employee Assistance Program (EAP) - Aimed at helping employees address a variety of personal and family issues including legal financial consultations, mental health services and more.
- Discounts on cell phones, and computer purchases, entertainment tickets and more.
- Pet insurance for your fur babies.
- Work and learn alongside industry-leading executives while making huge strides in impacting the lives of women.
- You’ll be challenged and grow. Opportunity for upward mobility is available at all levels of the organization.
Salary range $136,485 - $182,876. #LI-RV1 We are a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status. If you are unable or limited in your ability to use or access www.torridcareers.com you can request reasonable accommodations by sending an email to [email protected]. Only messages left for this purpose will be returned. Our company participates in E-Verify. If the links below do not work, please copy and paste the following URLs in a new browser window:
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