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Product Allocation Specialist
2 months ago
About the Role:
We are seeking a highly skilled Product Allocation Specialist to join our team at Foot Locker. As a key member of our Merchandising department, you will play a critical role in executing product assortment and allocation strategies to drive sales, gross margin profit, and stock turn targets.
Key Responsibilities:
- Develop and implement product inventory management strategies to optimize stock levels and ensure efficient product delivery and distribution.
- Analyze sales performance data and market trends to inform replenishment decisions and drive business growth.
- Collaborate with cross-functional teams, including Buyers and Planners, to analyze market trends, competitor activities, and past sales data.
- Allocate product SKUs, sizes, and assortments to ensure alignment with planning models and buyer strategies.
- Conduct product testing and sales trials to optimize merchandising strategies and drive business results.
Requirements:
- Profound understanding of merchandising principles and inventory management practices.
- Strong analytical and problem-solving skills, with the ability to identify challenges and develop effective solutions.
- Excellent communication and collaboration skills, with the ability to work effectively with various teams.
- Proficient in inventory management software and tools, with the ability to track and allocate products efficiently.
- Demonstrated ability to maintain composure and productivity in demanding or stressful situations.
- Advanced skills in creating and formatting spreadsheets and reports, with the ability to analyze complex data.
- Basic understanding of store operations, store layouts, and sales patterns to optimize inventory distribution.
- Sound knowledge of Foot Locker's product range and business operations.
- Undergraduate business degree or minimum 1-3 years of experience in a related role.
What We Offer:
- Yearly Performance Bonus
- On-Site Parking
- Hybrid Work
- Employee Discounts
