Sr. Merch Planner - Wearables, Connected Home, and Content Creation at Target

Minneapolis, Minnesota, United States

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$92,000 – $166,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

Four-year degree or equivalent experience
6-10 years of relevant experience
4+ years of Merchandising experience
Strong strategic, financial, and analytical skills; can easily translate data from an array of sources into insights and recommendations
Strong collaboration skills to partner with cross-functional teams
Flexible, resilient and comfortable working in “grey areas” that are constantly changing

Responsibilities

Provide in-season decision support
Collaborate on assortment planning
Recommend localization and channel strategies including cluster types and profiles
Lead demand forecasting
Support the divisional strategy through category expertise and partnerships with cross-functional teams and vendors
Head up the open-to-buy process and decide on category-level investment and the financial validity of assortments
Conduct root cause analysis for variation between supply and demand forecasts to support “chase-cancel” decisions and communicate implications to vendors
Conduct scenario planning, build unit plans, and lead initial set planning and operationalization to optimize assortments
Interpret forecast results and conduct “what if?” analysis to guide go-forward recommendations
Validate the unit promo planning forecast, drive maintenance, risk analysis and decision-making by the Pricing & Promotion Center of Excellence
Run event forecast creation and flow, analyzing item lifecycles and driving recommendations on end-of-season management

Skills

Merchandise Planning

Demand Forecasting

Inventory Management

Financial Forecasting

Assortment Planning

Comparative Analysis

Localization Strategies

Channel Strategies

Supply Chain Collaboration

Vendor Partnerships

Target

Retailer offering diverse consumer goods

About Target

Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.

Minneapolis, MinnesotaHeadquarters

2005Year Founded

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Sick Leave

Paid Holidays

Paid Vacation

401(k) Retirement Plan

Employee Discounts

Risks

Increased competition from online-only retailers like Amazon threatens Target's market share.

Rising labor costs due to new minimum wage laws could impact profit margins.

Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.

Differentiation

Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.

The Target Circle loyalty program enhances customer engagement and shopping experience.

Target's commitment to sustainability and community support sets it apart from competitors.

Upsides

Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.

Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.

Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.

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