The Children's Place
Divisional Merchandise Manager (DMM)- Corporate Headquarters, NJ
The Children's Place, Secaucus, New Jersey, us, 07094
Divisional Merchandise Manager (DMM) – Corporate Headquarters, NJ
This range is provided by The Children's Place. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range $200,000.00/yr - $225,000.00/yr Overview
The Divisional Merchandise Manager (DMM) will be responsible for developing and executing profitable, customer-focused merchandising strategies that reflect and highlight the overall strategic direction of the division and company brand. This position will give direction and motivate staff in merchandise selection, tracking performance to sales and profit forecasts, creating merchandise pricing, and collaborating with other key internal departments. Responsibilities
Implement and educate staff to set the overall strategy and merchandise direction for the division Direct merchandise selection process and review assortments for balance (brands, key items, core items, etc.) in concert with strategic and financial objectives Maintain a high level of knowledge about competitors and their product offerings as well as the overall industry and economic conditions; prepare contingency plans based on these variables Establish and manage effective relationships with key internal partners including Production and Design, both personally and through the team, to maximize product and trend knowledge and develop programs that mutually benefit customers and the company Constantly track division merchandise performance, recommend revisions to the merchandise plan/forecast based on sound analysis, and ensure corrective actions are implemented Coach, develop, and manage performance, either directly or indirectly, of Merchandise Managers, Merchandise Associates, and Assistants; implement succession plan and cultivate staff accordingly Understand and influence the strategic direction of department technology by working with the Planning and IT Teams to fully utilize and suggest improvements to the current system while developing and implementing new functionalities that will improve efficiency and accuracy Work directly with Planning to develop assortment plans that support overall strategy of in-stock positioning for key merchandise categories, classifications, items, and lines Establish collaborative relationships with Inventory and Allocation to ensure availability and the timely delivery of merchandise and with Marketing Teams to develop promotional strategies Execute needed approvals for the team, resolve complex issues with key internal business partners, and ensure that the department and staff are fully compliant with company standards, processes, and policies Education and Experience
Bachelor’s degree in fashion merchandising, business, or related field 7+ years of experience in merchandise management with recent experience in apparel Experience leading a team and managing the performance and development of employees Skills and Behaviors
Knowledge of retail revenue management, product distribution, and visual merchandising practices Exceptional internal relationship skills with the ability to work as a team across functions and levels Capable of creating and understanding statistical and financial analysis related to merchandise issues Comfortable building and delivering presentations to large, executive and external field audiences Ability to work independently, lead others, and thrive in a multi-tasked, fast-paced environment Proficient in Microsoft Office including, ability to create dynamic executive presentations Knowledge of external or proprietary large retail POS, markdown, planning and reporting systems Ability to work effectively with diverse groups at all levels as well as the ability to successfully align with management in a corporate environment Excellent problem-solving skills Some travel is necessary, including store visits and periodic industry conferences Seniority level
Director Employment type
Full-time Job function
Manufacturing, Business Development, and Product Management Industries
Retail Apparel and Fashion Retail
#J-18808-Ljbffr
This range is provided by The Children's Place. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range $200,000.00/yr - $225,000.00/yr Overview
The Divisional Merchandise Manager (DMM) will be responsible for developing and executing profitable, customer-focused merchandising strategies that reflect and highlight the overall strategic direction of the division and company brand. This position will give direction and motivate staff in merchandise selection, tracking performance to sales and profit forecasts, creating merchandise pricing, and collaborating with other key internal departments. Responsibilities
Implement and educate staff to set the overall strategy and merchandise direction for the division Direct merchandise selection process and review assortments for balance (brands, key items, core items, etc.) in concert with strategic and financial objectives Maintain a high level of knowledge about competitors and their product offerings as well as the overall industry and economic conditions; prepare contingency plans based on these variables Establish and manage effective relationships with key internal partners including Production and Design, both personally and through the team, to maximize product and trend knowledge and develop programs that mutually benefit customers and the company Constantly track division merchandise performance, recommend revisions to the merchandise plan/forecast based on sound analysis, and ensure corrective actions are implemented Coach, develop, and manage performance, either directly or indirectly, of Merchandise Managers, Merchandise Associates, and Assistants; implement succession plan and cultivate staff accordingly Understand and influence the strategic direction of department technology by working with the Planning and IT Teams to fully utilize and suggest improvements to the current system while developing and implementing new functionalities that will improve efficiency and accuracy Work directly with Planning to develop assortment plans that support overall strategy of in-stock positioning for key merchandise categories, classifications, items, and lines Establish collaborative relationships with Inventory and Allocation to ensure availability and the timely delivery of merchandise and with Marketing Teams to develop promotional strategies Execute needed approvals for the team, resolve complex issues with key internal business partners, and ensure that the department and staff are fully compliant with company standards, processes, and policies Education and Experience
Bachelor’s degree in fashion merchandising, business, or related field 7+ years of experience in merchandise management with recent experience in apparel Experience leading a team and managing the performance and development of employees Skills and Behaviors
Knowledge of retail revenue management, product distribution, and visual merchandising practices Exceptional internal relationship skills with the ability to work as a team across functions and levels Capable of creating and understanding statistical and financial analysis related to merchandise issues Comfortable building and delivering presentations to large, executive and external field audiences Ability to work independently, lead others, and thrive in a multi-tasked, fast-paced environment Proficient in Microsoft Office including, ability to create dynamic executive presentations Knowledge of external or proprietary large retail POS, markdown, planning and reporting systems Ability to work effectively with diverse groups at all levels as well as the ability to successfully align with management in a corporate environment Excellent problem-solving skills Some travel is necessary, including store visits and periodic industry conferences Seniority level
Director Employment type
Full-time Job function
Manufacturing, Business Development, and Product Management Industries
Retail Apparel and Fashion Retail
#J-18808-Ljbffr