Assistant Merchandising Manager
1 month ago
KEY RESPONSIBILITIES
Key Responsibility 1: Product Marketing/Merchandising
Propose product strategy and be responsible for its implementation
• Marketing Strategy
1. Develop marketing strategy/business plan based on HQ product offers, sales history, local commercial, CRM, Event, PR plans for all categories; including Jewelry, Watches, High Jewelry, HTI Watches.
2. Monitor & analyze sales performance and HK warehouse & BTQ stock levels.
-Re-balance BTQ stock based on discussion with commercial team.
-Identify over-stock/slow movers/discontinued items to alert GM and commercial team, and/or propose action plans.
-Define and follow up on Boutique Typology and its Core Assortment
-Closely monitor sales performance, feedback and stock levels of newly launched product, and report to GM with relevant action plan to avoid overstock or loss on potential sales.
3. Optimize product assortment and stock efficiency, at the same time, aligned with VM team when implement BTQ display/VM plan.
4. Ensure Merchandising KPI achieved (sales forecast accuracy rate, stock cover )
• Orders / Delivery
1. Liaison with HQ, NEA and local logistic for product delivery, import/ export matters.
2. Follow up orders of Watch / Jew / Acc: daily, weekly and monthly basis; Inquiry and special orders, as well as Back to Back orders.
3. Product allocations : Ensure product allocation in-line with marketing strategy, commercial launch calendar, sales forecast, MDS & Assortment between retail and wholesales channels.
4. CASS & Logistics Issues; Damaged products / boxes, packaging, ,
5. Staff sales and staff purchase handling.
Key Responsibility 2: Product Knowledge
• Obtain product information/knowledge from HQ.
• Share product information/knowledge and launch guidelines to Maison TW team.
• Support event and activations by gathering product list and information and sharing with commercial, CRM, PR/Event team at least 1 month in advance.
• Coordinate with trainer to prepare product training deck.
• Collect competitors' product information as comparison to support SA selling ceremony.
Key Responsibility 3: Pricing
• Follow up on price adjustments based on HQ's instructions, and ensure local execution properly.
• Investigate contradiction whenever there is price adjustment, new price update/ new model being launched.
• Collect and compare with competitors' price position, to strengthen SA's confidence or propose to GM, NEA, HQ with a competitive pricing at local.
Requirements:
1. Minimum 5+ years' work experience in retail or merchandising in fashion and/or luxury related industry.
2. Familiar with product supply chain; inventory management, import and export process & regulations.
3. Good sense of numbers and analytical skills.
4. Communication/interpersonal skills, proactivity, operational and action oriented
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