Business
Central Functions Brands
Family
Retail Planning
• Create business strategy – product and pricing strategy. • Work on Buy plan\OTB plans based on business projections. • Analyzes actual sales to plan, to monitor progress of product line across stores and establish current and future trends. • Assign base stock, category-wise for each store, based on past trends and ensure each category is adequately represented at each store at all times. • Analyze market and delivery systems to assess present and future material availability. • Liaise with the buyer, store teams and logistics to ensure products are on the move – to meet the sales targets. • Generate and analyze inventory and sales reports. • Provide feedback on inventory health at various stores, circulate periodic reports like sell through, top sellers, slow movers, size set availability etc. • Build incentive plans for store teams – depending on prices, product and push strategy.
Masters in Fashion Retail Institutes (MFM, MBA, PGDBM, etc.)
8 to12 years
• Must have good analytical skills and detailing. • Ability to respond to changes in the market. • Forecasting skills and the ability to determine sales trends in the market • Good economic sense with strong budgetary controls. • Good networking skills • Good brands and product appreciation in respective category.