He/she is responsible for the launch, pricing, business analysis and promotion of Datra new product line for the multi-channel online platform.
● Define product ranges for the category(s) within set budgets. Responsible for range planning and assortment plans for the category(s).
● Select collection products in accordance with market trends and analyze the market segment each online platform targets, along with prices and competition to provide brand related reports and data as requested.
● Responsible for negotiating pricing with vendors and ensuring delivery arrangements with Suppliers/Vendors within the budget. Negotiating prices in line with desired level of margins.
● Must operate within set financial budgets for sales margins, stocks and open to buy plan.
● Ensure that stocks are as per the projected requirements to ensure fewer markdowns. Responsible for the category(s) performances in terms of sales targets, gross profit targets and stock turn targets, for the category(s).
● Visit and inspect store in order to ensure proper functioning of the operation and the correct pricing and display of the merchandise.
● Develop ranges to fulfil agreed company and promotional guidelines and ensure operational and marketing departments understand what is required.
● Coordinate activities of merchandising departments to obtain optimum efficiency of operations with minimum cost in order to maximize profits.
● Ensure the terms, conditions and rules of the franchise and lease agreements are duly implemented and respected.
● Plan and organize events, prepare promotions, sales for the brand in coordination with the Marketing department and the suppliers in order to maximize sales of the brand.
● Pro-actively put in place action plans when targets are not reached, and take full ownership and accountability over the P&L account.