Pricing & Commercial Analyst at Farfetch

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Fashion, Retail, E-commerceIndustries

Requirements

Confident working with large, complex data sets
Analytical and able to derive clear insights and strategic actions from data
Commercially minded, and knowledgeable of luxury or fashion retail is a plus
Advanced Excel skills with SQL/Big Query experience; Looker/Power BI knowledge is a plus
Strong problem solver with effective optimization skills
A self-starter with the ability to proactively manage workload successfully
Organised and methodical, with strong attention to detail
Agile and able to successfully work in fast-paced environments that contain ambiguity

Responsibilities

Effectively lead, manage and execute pricing & commercial strategies set by the Pricing & Commercial Manager that supports Browns & group targets
Analyse data to derive clear insights on performance of pricing & commercial initiatives and market price position throughout the season, to proactively suggest opportunities to support business performance through sell thru improvement and profitability
Effectively report on pricing & commercial performance with clear understanding of all metrics including market price position, profit, sell through and contribution to the business
Proactively review and suggest optimisations for pricing & commercial processes and reports to support effective ways of working
Work cross-functionally with other analysts, buying & merchandising, procurement, data teams and operations specialists to plan and align on key focuses
Be the key point of contact for Browns Pricing & Commercial strategies and support the Pricing & Commercial Manager on ad hoc requests

Skills

Pricing Strategy

Commercial Analysis

Data Analysis

Inventory Management

Profit Optimization

Trading Analysis

Financial Targets

Cross-functional Collaboration

Farfetch

Online marketplace for luxury fashion items

About Farfetch

Farfetch operates as a global online marketplace for luxury fashion, linking high-end brands and boutique retailers with consumers. The platform allows users to browse and purchase a wide range of luxury items, ensuring that both brands and retailers can reach a worldwide audience. Farfetch's business model is centered around facilitating these transactions, earning revenue primarily through commissions on sales made through its site. Additionally, it offers services like digital marketing and logistics to help its partners enhance their online presence. A distinguishing feature of Farfetch is its acquisition of LUXCLUSIF, a luxury resale platform, which enables it to cater to the growing demand for pre-owned luxury goods. The company's goal is to provide a seamless shopping experience for luxury fashion enthusiasts while supporting brands and retailers in expanding their reach.

London, United KingdomHeadquarters

2007Year Founded

$682.9MTotal Funding

IPOCompany Stage

Consumer Software, Consumer GoodsIndustries

1,001-5,000Employees

Benefits

Health Insurance

Flexible Work Hours

Employee Pension Scheme

Risks

Increased competition from Mytheresa could impact Farfetch's market share.

Farfetch faces challenges in maintaining its presence in the Chinese market.

The sale to Coupang indicates potential financial instability for Farfetch.

Differentiation

Farfetch connects luxury brands and consumers through a unique online marketplace.

The platform offers modular, API-enabled technology for luxury fashion brands.

Farfetch provides commerce solutions, enhancing brands' online presence and sales.

Upsides

Virtual try-on technology is gaining popularity in luxury fashion.

Farfetch can capitalize on Yoox Net-A-Porter's exit from China.

Exclusive partnerships, like with Officina Bernardi, enhance Farfetch's offerings.

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