Manager, Allocations – Store Growth Projects

Overview : As the Manager of Allocations, Store Growth Projects at Five Below, you will play a crucial role in ensuring the accurate inventory levels are positioned in our ever-evolving fleet of stores . You will be responsible for overseeing the inventory build process for our growing fleet of New Stores, the expansion of assortment in Remodels and maintaining optim al inventory levels beyond grand openings . The ideal candidate will have a strong background in inventory management, excellent organizational and communication skills, and the ability to thrive in a fast-paced, dynamic environment.

JOB RESPONSIBILITIES:

Inventory Build Planning:

• Collaborate with the Allocation team to review forecast ed demand and determine optimal inventory levels for New Stores at time of Grand Open

• Oversee the process of ensuring Remodels, Relocations, Expansions, and Conversions receive timely and accurate allocations

• Partner cross functionally to identify optimal assortment and execute accordingly

Data Analysis and Reporting:

• Manage key reports and processes for new store sales and inventory analysis

• Monitor sales performance to ensure forecasts are capturing demand appropriately

• Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes

• Utilize analytical skills to identify and resolve system data discrepancies

• Develop a story from large data sets to create an action plan according ly

Process Improvement and Team Development:

• Identify opportunities for process improvements to enhance overall inventory efficiency

• Implement best practices for inventory management and collaborate with cross-functional teams to drive continuous improvement

• Manage and develop team to be successful both individually and as a cohesive group

Communication and Collaboration:

• Work closely with (but not limited to) New Store Merchandisers, Store Operations, Allocations, Visual Merchandising, Buying, Planning to ensure effective communication and coordination

• Communicate inventory positions for all new Store Growth Projects

• Manage the communication of the Store Projects Schedule and communicate weekly deadline changes cross-functionally

• Coordinate delivery schedule with Distribution centers and communicate to necessary parties

• Adapt quickly to new allocations timelines based on changes to overall company strategy
  

QUALIFICATIONS:

• Minimum of 4 -7 years of experience in related fields such as, but not limited to: A llocation s, V isual M erchandising , Store Operations or Planning , and at least 1 year of management experience preferred

• Effective cross-functional collaboration and communication skills

• Ability to analyze data and provide actionable feedback . A strong problem-solving skillset

• Capable of prioritizing and delegating workload in a fast paced and dynamic environment

• Strong process implementation – ability to think big in ways to scale current processes

• Ability to quickly pivot with the everchanging needs of the business, works well under pressure

• Sense of urgency and excitement to be a part of the company’s future new Store Growth initiatives

• Demonstrate strong interpersonal skills, ability to interact with senior level management

• Able to formulate a point of view of the business and to summarize opportunities and strategies

• Strong team management and leadership ability

• Advanced Microsoft Excel skills and ability to learn systems quickly . Power BI or Tableau experience a bonus