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Form of workJob Overview:
The Macy's 8-week Summer Internship Program in Merchandising provides exposure to consumer products, business strategies, and the latest trends for Macy's brand offerings. The Merchandising team maximize sales and gross margin for each product category by identifying, procuring, and assorting the products that their customer demands. There are 2 exciting functions within the Macy's Merchandising Summer Internship: Buying and Pricing Strategy. Based on your skillset and interest, you will be placed in one of these two functions. However, throughout the program, you will learn about and get exposure to all roles within Merchandising, Product Development, Marketing and Supply Chain. This will help you gain a holistic understanding of how a retail business is developed and managed.
Macy's Summer Internship Program provides interns with a hands-on and in-depth understanding of a core business function in retail. Interns have opportunities to directly impact the business as a key part of a team and by sharing new ideas. Macy's interns experience everything our culture has to offer through exposures to senior leaders, professional development workshops, and networking opportunities. The Internship Program may lead to an opportunity to work full-time with Macy's in our Early Careers Program after graduation. On-the-job learning, networking opportunities, leadership exposures, team projects, and professional development workshops will be conducted using remote technology. The Internship will be in-person in our NYC corporate offices.
The program will begin in June 2024.
Essential Functions:
Buying:
The Buying team is responsible for driving sales, margin, inventory productivity and business growth by devising and recommending assortment strategies and supporting assortment optimization. Buyers translate product performance data into recommended advertising strategies and featured product selections that will allow Macy's to maximize sales, inventory productivity, and bottom-line profitability to compete differently in a changing retail environment. As a Buying intern you will be part of the team directly responsible for the merchandise assortment in all Macy's shopping channels, encompassing both stores and e-commerce.
Buying - Essential Functions:
- Receive professional development through a combination of hands-on learning, structured workshops, and collaborative projects.
- Build relationships with other interns, business leaders, and team colleagues.
- Attend and participate in weekly business meetings to review and recap sales performance
- Analyze business performance metrics and make recommendations to maximize the business based on trends
- Collaborate with team to develop assortment strategy for key items and fashion.
- Competitive shop to analyze competitor pricing and trends
- Assist in creating purchase orders.
- Track in-season receipts and resolve shipping issues with vendors.
- Regular, dependable attendance & punctuality.
Pricing Strategy:
The Pricing team is responsible for driving business priorities and executing pricing strategies to drive both digital and in-store demand. The position requires strong business acumen, analytical skills, and an understanding of site merchandising.
Pricing Strategy - Essential Functions:
- Receive professional development through a combination of hands-on learning, structured workshops, and collaborative projects.
- Build relationships with other interns, business leaders, and team colleagues.
- Support the divisional digital and in-store pricing strategies and execution using both the PAM tool and Stella.
- Attend weekly total team business meetings to discuss markdowns, inventory, and pricing executions.
- Execute permanent markdowns for both stores and macys.com using system tools.
- Drive continuous process improvement through ongoing identification & resolution of digital and store pricing challenges & opportunities.
- Aptitude to function within deadlines, while working both independently and as part of a team.
- Regular, dependable attendance & punctuality.
Qualifications and Competencies:
- Junior status (rising Senior at the time of the internship), pursuing a bachelor's degree with strong academic performance: All majors will be considered for this opportunity.
- Minimum 3.0 GPA preferred.
- Excellent written and verbal skills with the ability to influence others.
- Strong storytelling and presentation skills.
- Ability to read, write, and interpret instructional documents such as reports and procedure manuals.
- Must have excellent mathematical skills.
- Ability to apply concepts of profitability and statistical inference to practical situations.
- Readily grasp numerical concepts and interpret financial information accurately.
- Ability to utilize retail math skills to analyze and drive business.
- Ability to independently organize and prioritize broad workload to meet deadlines in a challenging, fast-paced environment.
- Ability to think through problems and apply strategies to solve.
- Ability to multitask and collaborate cross functionally with multiple internal and external business partners.
- Strong analytical and problem-solving skills.
- Strong trend and pattern recognition skills.
- Basic understanding of financial performance metrics and assortment planning.
- Proficient in Microsoft Office - advanced proficiency in Excel (VLOOKUP, pivot tables, macros, advanced formulas, etc.) is a plus Run and interpret reports and operate system tools as assigned by supervisor.
- Demonstrated leadership and team-building abilities.
- Ability to streamline processes.
- Exhibits high standards and accountability; takes pride in accuracy.
- High aptitude: process information quickly with ability to offer solutions to challenges with strong decision-making skills.
- Strong attention to detail.
- Ability to manage across all levels
- Ability to work a flexible schedule based on department and Company needs.
Physical Requirements:
- Requires prolonged periods of sitting, with occasional standing
- Occasionally requires walking, bending, reaching, hearing, and talking
- Continuous use of computers and other office equipment
- Frequently lift/move up to 10 lbs.
This position may be eligible for performance-based incentives/bonuses. Benefits include 401k, medical/vision/dental/life/disability insurance options, PTO accruals, Holidays, and more. Eligibility requirements may apply based on location, job level, classification, and length of employment. Click here to see details on benefits.
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