V-Mart Retail Ltd Hiring for Merchandise Retail Planner at Patna, Bihar, India

Company Description

V-Mart is now a 434+ store-strong retail chain. Recognized and respected as one of the most reliable and rewarding companies in the Indian stock market, V-Mart has grown at a growth rate of 30% over 10 years. In 2021, V-Mart added a retail chain in the south, Unlimited, and acquisition of an e-commerce company LimeRoad into the group in 2022. We have a strong governance and culture for which we have received prestigious awards like Golden Peacock Award in 2022 and Great Place to Work in FY19-20, FY20-21, and FY21-22.

Job Purpose

Responsible for merchandise financial, strategic and assortment Planning, inventory stock optimization, and the category promotions.

Role Description

· Manage the development of annual, seasonal, monthly and weekly merchandise plans. Develop and communicate comprehensive department financial and product strategies.

· Manage the Category Store wise Sales Budget, Budget Review every month, Category Sales Forecast (Projection).

· Review of Store Grading & Store, Size Ratio/Pack size, Assortment/Color Analysis, Article MRP Mix.

· Support in determining high-level financial goals including pre-season financial plans, in-season projections, open- to-buy management (OTB) and new store budgets at dept level.

· Prepare and maintain department/category merchandise MIS analytics based on actual sales, sales forecasts, forth coming events and replenishment needs

· Maximizes Sales and profitability for the department/category

· Assist in the creation of merchandise/assortment plans for the category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by the buyer

· Actively participate in assortment development and review, providing data and analysis to support decision-making

· Ensure effective in season management across territories (stock balancing, markdown management, stock analysis, stock vs sales performance)

· Ensure optimum category inventory levels are maintained at concept/territory keeping in mind store requirements as well as working capital constraints

· Ensure excess category inventory is not maintained at the warehouses or the stores and there is proper adherence to the concept/territory ageing policy

· Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category

· Help analyze the effectiveness of the promotions in achieving the targeted levels of sales and margins

Qualifications

• MBA- Fashion Management/ Retail Management or Equivalent Post-graduate