Job description
At Chanel, we are focused on creating an inclusive culture that nurtures personal growth, contributing to collective progress. We believe the uniqueness of each individual increases the diversity, complementarity and effectiveness of our teams. We strongly encourage your application, as we value the perspective, experience and potential you could bring to CHANEL.
Head of Merchandise Planning
CHANEL is looking for a Head of Merchandise Planning, Fashion to join our team in New York, New York. You will be responsible for leading the team, driving the strategy for merchandise planning, budget planning, forecasting and effective in-season inventory management for all Fashion product categories for US Boutiques, Wholesale and Lease verticals. This role is responsible for developing and implementing the strategic merchandise business plan supporting the Head of US Merchandising & MBR. This role will lead the inventory and financial planning process to maximize sales, profitability and optimize inventory levels to support our One Boutique One Story. The successful candidate will partner across cross-functional teams to establish processes, systems and collaborative relationships needed for the effective delivery, replenishment, sell-through and mark downs of merchandise across various categories.
What impact you can create at CHANEL:
Strategic Responsibilities:
- Develop comprehensive merchandise strategy, budgeting and forecasting, and provide data-driven input derived from analysis of historical data, customer analytics, market conditions and client demands
- Partner cross-functionally including global partners to develop and communicate division level financial merchandising plans that align with the company’s financial objectives through identifying future opportunities and trends to produce a competitive advantage and superior results
- Foster a comprehensive understanding of how brand strategy translates to the financial and buy plans
- Provide input to the Finance team to support accurate business forecasting and areas that can be leveraged to achieve cost controls and maximize profitability
- Optimize merchandise inventory positions to maximize sales, profitability and achieve all operational targets (KPIs) for all product categories, while supporting brand vitality and image
- Act as a change leader to support company initiatives, actively participate in strategic decision making, proactively challenge the status quo, present alternative approaches and highlight potential issues
Merchandise Planning Responsibilities:
- Manage the timely creation, review and execution of the budget and open to buy plans, ensuring that they meet financial sales, margin and obsolescence expectations
- Oversee the financial plans, class plans, flow and bottoms-up door and assortment plans that execute the merchandise strategy, capturing localization opportunities and maintaining financial accountability
- Challenge the status quo and continuously improve related business tools, systems and methodologies to help deliver results in replenishment, distribution, allocation and inventory management
- Partner with key stakeholders to build a collaborative planning process to increase visibility, drive performance, and achieve short and long-term company objectives
- Lead and develop a strong, unified team by promoting a culture of inclusivity, empowerment, and accountability
- Partner with global and local Supply Chain to optimize inventory allocation and shipment flow
- Lead planning team in assessing and enhancing in-season replenishment
You are energized by…
- Assembling a strong team by nurturing and developing team members through understanding each members’ unique strengths and talents
- Navigating complex situations amidst constant change and business transformations to achieve financial goals
- Creative, out-of-the-box thinking to drive innovative solutions by partnering with internal and external partners
- Challenging the status quo and continually striving for greater efficiency
- Managing portfolios between different networks to achieve the most profitable financial results
What you will bring to the team...
- Strong communication, collaboration, and leadership skills
- Proactive and critical thinking
- A deep understanding of the connection between fashion products and financial KPIs
- Active mindset of pushing new ways of thinking coupled with deep listening skills
- Broad knowledge in macro-economic trends and changes within the fashion industry
Position Logistics:
- Bachelor's Degree required, MBA a plus
- Minimum of 8 years leading a planning team
- Minimum of 15 years of Financial or Merchandise Planning Experience with demonstrated results in driving a business and successfully leading a team
- Strategic, pragmatic and results-oriented
- Experience in Retail and Wholesale Planning; Lease experience a plus
- Ability to lead, manage and inspire a team
- Self-starter with entrepreneurial mindset. Comfortable with ambiguity
- Outstanding communication skills with the ability to impact and forge strong relationships from executive to entry level
- Luxury Fashion experience preferred
- Proficient in Microsoft Office, Advanced Excel and Power BI is a must (experience with Macros), experience with building tools preferred
- Up to 15% travel (international and domestic)
The anticipated base salary range for this position is $185,400 through $295,000. Base salary is one component of the total compensation for this position. Other components [may/will] include additional compensation, benefits and perks.
Chanel is a private company whose values are grounded in creating the conditions for people to perform at their best and feel fulfilled and confident in their work. We offer a unique work environment where individuals are encouraged to better understand the brand, the business, and motivations, so that together we can unlock the possibilities of growth. This is reflected in:
Diversity and Inclusion
- At CHANEL, we are intentional in promoting Diversity & Inclusion. We foster respect, empathy and dignity for all. We believe strongly that the diversity of our people across the full spectrum of human differences is essential to our organization and the connections we have with each other and our clients.
- We offer Employee Resource Groups in the US that are voluntary, open to all, employee-led groups formed around a shared identity or lived experience, whose aim is to foster a diverse, inclusive, and equitable community aligned with the values and missions of the communities they support.
Chanel Community
- CHANEL Community empowers our employees to channel their passions, talents and sense of purpose to contribute to and learn from our communities.
- Employees are encouraged to take time off annually to volunteer through CHANEL Community. CHANEL also matches employee donations to select charitable organizations.
Sustainability
- CHANEL Mission 1.5° is our climate action plan. It is focused on transforming the business in line with the ambitions of the Paris Agreement on climate change to limit the average global mean temperature increase to 1.5 degrees Celsius above preindustrial levels.
- Employees are encouraged to contribute to our US Sustainability efforts at the corporate level and within the divisions, through organized taskforces and initiatives.
Arts and Culture
- We are committed to extending our legacy of cultural engagement. Global support includes the CHANEL Culture Fund, which supports a select group of leading art culture institutions across the globe, and the CHANEL Next Prize for the next generation of creative talent. US support currently includes Annual sponsorship of the MoMA film program, Tribeca Film Festival programs and Through Her Lens, Support of the Academy Gold Fellowship for Women and Sponsorship of the BAAND Together Dance Festival at Lincoln Center.
Career and Leadership Development:
- We have dedicated in-house teams focused on supporting the onboarding of employees, developing leadership skills via custom programs like Imagine Chanel People, Heart of Leadership and group and individual coaching, and blended online and live classes offered on our Bloom platform and by skilled trainers, such as Shape Your Career, to develop career building skills.
Compensation
- Base salary, bonus potential and other forms of variable pay [may/will be] offered for this position
Benefits and Perks
- Flexibility (flexible time and hybrid work options)
- Wellbeing resources include dedicated paid time off for wellbeing (2-week August Office Closure and Wellbeing Days in Retail) and a Wellbeing fund
- Family and care giving benefits (inclusive of parental leave, fertility support, MilkStork, and Care.com Membership)
- Generous paid time off policies to include vacation, holiday, sick and volunteer days
- 401K, pension and other incentives
- Robust healthcare offerings; medical, dental, vision, MDLIVE (virtual care), One Medical, Flexible Spending Accounts (Health Care & Dependent Care), Health Savings Account and Employee Assistance Program
- Life insurance, Accidental Death & Dismemberment, Short Term Disability, Long Term Disability, Health Advocate, International Business Travel Accident & Medical, and Commuter Transit & Parking
- Chanel, Inc. benefits and perks are dependent on eligibility and subject to modification by Chanel at any time.
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