Merchandise Manager - Inventory (FTC)

Merchandise Manager - Inventory (FTC) If you love beauty, you’re in the right place. As the ultimate curator of over 100 of the most in-demand, highly innovative and boundary-pushing beauty brands, we are the go-to destination for worldwide beauty discovery. Together through our neighbourhood stores, online presence and loyalty scheme, Space NK has built a flourishing community in which to discover beauty. The customer is at the heart of everything we do, and we will always endeavour to offer everything they need to help them explore, experiment, and enjoy our brands. MERCHANDISE MANAGER - INVENTORY (FTC) Department: Commercial Operations and Planning Position Reports to: Planning Director (Inventory) Direct reports: Inventory Team (2 direct reports, 7 total) Purpose of Position: To support the Planning Director in the planning and delivery of the inventory strategy by owning total business WSSI planning, logistics planning and channel stock management, working in close partnership with them and with sign-off on key strategic decisions, to maximise sales and profitability and positively impact EBITDA. This role offers the opportunity to help shape an evolving function and demonstrate immediate impact through strong commercial decision-making and cross-functional leadership. Key Accountabilities and Measures: · Deliver intake, stock, stock cover and stock health (including management of excess stock) in line with agreed targets · Achieve channel availability targets through effective forecasting and stock allocation/rebalancing · Deliver new store opening stock packages on time and to plan, meeting availability requirements · Own day-to-day trading decisions; escalate and agree sign-off for material risks, spend, or plan changes Financial Planning: · Own pre-season WSSI / financial planning o Plan top line intake to support cash flow planning o Plan top line and category stock targets o Plan top line and category freight budgets · Own the commercial logistics budget for sellable and non-sellable variables In-Season: · Weekly management of total business WSSI and OTB to ensure intake remains aligned to trading needs and sales whilst managing markdown risk, identify risks and opportunities · Lead the weekly logistics operational review, balancing logistics capacity and commercial requirements to deliver business objectives · Own inbound and outbound DC re-forecasting · Take ownership of freight costs across the commercial teams, identifying and escalating risks and opportunities · Identify and manage stock loss risks across all channels Stock and Availability: · Develop the Branch Merchandising operating model, including creation and integration of the specialist AGR function · Optimise channel availability through commercial analysis, forecasting and effective AGR management · Maintain appropriate channel stock levels to deliver sales, manage markdown and identify risks and opportunities · Track stock health, identify excess and agree actions with Commercial teams · Deliver a robust stock management process for peak trading, working cross-functionally to meet requirements whilst mitigating risk · Develop and maintain strong links with the Retail team, identifying opportunities and risks and sharing insights · Lead the team in meeting requirements for exceptional stores with specific needs New stores: · Keep informed on the new store opening programme, including what is in budget vs. out of budget and timing · Determine opening stock package requirements for each opening, highlighting concerns and risks · Track opening packages vs. target, communicating risks and agreeing mitigating actions Additional Responsibilities: · Support the monthly price change process · Gift card intake requirements and stock management including Christmas · Support the delivery of a sound stock management process for pop-up activations · Be a champion for driving efficiency across the division and wider business Training & Development: • Develop a very good working knowledge of all Merchandising systems and processes • Identify and support the team in their training and development of needs • Responsible for driving own development Competencies and personal attributes: · Entrepreneurial and proactive, capable of a high level of independent working · Resourceful and highly commercial · Ability to adapt to changing priorities, new challenges and driven to improve · Ability to challenge ways of working and developing best practice approach · Ability to cultivate strong relationships, collaborate and work cross-functionally effectively · Strong ownership mindset: takes end-to-end accountability, escalates key risks early and aligns/signs off significant decisions with the Planning Director Please note that only successful candidates will be contacted. All applicants must have the right to live and work in the UK. If you want to find out more about us, what it is like to work for us, all about our benefits, and our pledges on Diversity, Inclusion and Belonging, please visit our website. Space NK are an equal opportunities employer. How We Will Use Your Information We will use the information you provide to us with your job application to help us process your application for the specific job you have applied for. If you apply speculatively, we will process your application for the job/relevant business area that you detail within your email. Please note that our current system does not use an automated filtering system. All applications made via the website, through a third-party website or in-store will be kept on file for a period of 12 months. This information will be retained and used to assess your suitability to similar positions that may arise in the future, or if the initial vacancy becomes live again during the 12-month period. If you would prefer us to not hold your information on file/ you wish to be ‘forgotten’ if you are not offered a position with Space NK, please email your ‘right to be forgotten’ to our recruitment email address with RIGHT TO BE FORGOTTEN as the title of the email. We will always inform you when we have deleted your application details, otherwise we will treat your application as consent to us holding this information. Team Inventory Merchandising Locations London (Head Office) Remote status Hybrid