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Merchandising Allocator (Hybrid)

La-Z-Boy | Monroe, MI, US, 48162

Salary Range:$68,000 – $92,000 Salary range estimated by Zippia

Posted an hour ago


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Description

Comfort starts with our 13,000+ team members across the globe, who are transforming the power of comfort every day. Our employees have the power to change lives, in our homes, work and communities. We foster an inclusive environment while honoring a legacy built on family, where everyone can be themselves.

If you are ready to join an industry leading organization where our people are the most important asset, and innovation propels us into the future, you're ready to take your seat at La-Z-Boy Incorporated.

WE BELIEVE IN THE TRANSFORMATIONAL POWER OF COMFORT

Job Summary:

This position will be responsible for the merchandise allocation and replenishment of categories for LZB retail business with the objective of meeting financial and merchandising goals. This role will help to identify opportunities at a store level and communicate them to the team to drive business. Duties include initial purchase order allocation, maintenance of RDC back stock, managing transfers and reorders and partnering with buying team to ensure proper merchandise assortment by door.

Job Description:

KEY RESPONSIBILITIES (other duties as assigned):
  • Manage purchase orders from initial allocation through end-of-life cycle of merchandise, including replenishment.
  • Manage overall store inventory levels based on store capacity, attributes, seasonality and selling curves. Monitor flow of initial assortments as well as reorders to stores by classification, delivery/group and by style whenever necessary.
  • Identify and communicate sales opportunities and stock liabilities by door on a regular basis. Ensure that buy quantities and stock levels meet current sales trends and maximize readiness for key selling time periods.
  • Ensure strong stock position by door on core, seasonal basics and item programs. Partner with the Buying team to maximize sales and profit by monitoring sales and stock penetrations on key programs as well as clearance and aging by door.
  • Establish basic stock replenishment programs.
  • Take ownership of warehouse inventory and aged inventory by RDC. Be aware and highlight any shipping issues that may affect business.
  • Partner with Buyer to recap business at by door level and create best seller/hindsight reports on a weekly, monthly and quarterly basis to allow for a thorough analysis of the business.
  • Communicate and champion needs of the stores.
  • Establish strong relationships with buying team and stores in order to better understand merchandising strategies and needs of the business. Visit stores with the team, ideally monthly.
  • Initiate and develop actionable analysis to recap business by classification and subclass at a store level in order to partner with planning and buying team to determine store attributes and create strategies to drive sales and achieve gross margin profitability by door.
  • Recommend changes and/or enhancements to the current procedures and systems for the allocation and replenishment functions.

SCOPE & IMPACT:

Retail Division Dollar Volume $900 Million+ Sales Annually, Manages $60 Million+ Inventory, 180+ Retail Locations, New Store Openings and Remodels for Retail and Independents, Currently 20,000+ VSN's.

MINIMUM REQUIREMENTS:
  • Associate's degree Merchandising or a related field with 0-2 years of experience, or equivalent
  • Travel Required: 25%
  • Strong analytical skills, creative problem-solving skills and strong follow-through
  • Proficiency in Excel

PREFERRED REQUIREMENTS:
  • Prior retail store or office experience

SUPERVISORY RESPONSIBILITIES: None

PHYSICAL DEMANDS/WORK ENVIRONMENT:

Office environment / no specific or unusual physical or environmental demands.

OTHER DUTIES: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the incumbent for this job. Duties, responsibilities and activities may change at any time with or without notice.

Weekly Hours:

40

Work Shift:

First Shift (United States of America)
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