Address
Form of workRef #:
W141027
Department:
Merchandising & Planning
City:
New York
State/Province:
New York
Country:
United States
Pay Range: The pay range for this job is $98000 - $150000 annually; actual pay is dependent on experience and geographic location.
Benefits: Base pay is only one part of our employee value proposition, which includes a robust benefits package, above-market time off, flexible working arrangements, incentive compensation, where applicable, and varied learning opportunities.
Pay Range Max
150000
Pay Range Min
98000
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
Responsible for Childrenswear North America E-Commerce and Full Price Store financial plans at a fiscal, superseason, divisional, classification level that delivers on Corporate objectives and meets sales, inventory, profit and turn objectives Represent the Childrenswear division and the DTC channels (RLE and RLS) in North America and/or Global financial rollups by presenting strategies and forecasts Manage team consisting of planning and allocation members Bring prior work experience to participate as stakeholder and/or subject matter expert in systems and process improvement projects
Essential Duties & Responsibilities
Merchandise Financial Planning
- Oversee, direct and participate in development and achievement of annual divisional financial plans
- Create tops-down sales, margin, discount rate plans for team as guidance against bottoms-up divisional/category plans from planners
- Partner with buying counterpart to define product strategies and enhance customer experience
- Direct classification and/or door plan creation, maintenance, upkeep for seasonal fashion investment including productivity analyses
- Manage key item planning process to ensure adequate receipts at program level for monthly core basics investment
- Lead monthly sales and receipt forecast and OTB process at seasonal, fiscal and classification level
- Responsible for overseeing price change management (including promotions, markdowns, markups, currency conversion)
Allocation
- Guide and approve allocation team strategies to support divisional goals in conjunction with store planning goals
- Create and maintain consistent and clear communication on inbound (from factory to warehouse) and outbound (from warehouse to stores) with operational partners (logistics, store communication) using established processes or initiating new ones
- Ensure team's allocation strategies optimize store in-stock levels
Inventory Management
- Develop promotion and markdown strategies to manage seasonal inventory; partnering with wholesale stakeholders on shared styles
- Brainstorm and execute liquidation strategies for season-end excess stock including partnering with inventory management team, large format store outlet counterparts, and wholesale partners
Talent Management
- Identify, retain and develop talent
- Coach RL team on functional aspects of role to maximize potential of both people and process
- Mentor emerging leaders with exposure to more aspects of the business, leadership development courses, and stretch projects
Process Leadership
- Partner closely with team leaders to align cross-functional objectives and best practices
- Coordinate efforts of direct reports to ensure consistency of planning and distribution
- Develop and maintain cross-divisional peer relationships
- Identify and communicate opportunities where management support is needed on initiatives and strategies
- Cultivate a collaborative, creative, results-oriented work environment
- Assume leadership role in change management
- Lead, implement and adopt new technologies
Experience, Skills & Knowledge
Systems & Tools
- Enterprise Planning (JDA EP) - Merchandise Planning system used to forecast sales and inventory
- MicroStrategy - Business Intelligence reporting tool
- Microsoft Office Suite
- GFE+
- JDA Alloction
Required Skills
- Exceptional leadership and team building skills
- Strong analytical and problem-solving skills
- Superb presentation and communications skills, both spoken and written
- Prioritize and direct multiple activities
- Think conceptually and strategically regarding the business; creative problem solver
- Able to develop and maintain effective cross-functional relationships
- Motivate, negotiate and influence effectively across departments & divisions
- Present a global perspective encompassing businesses beyond the basic accountability of the role
- Develop new strategies that expand, encompass or parallel corporate business initiatives, and maximize profitability
Ralph Lauren will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance laws.
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