Director of Planning, Private Label

Job Description

Job Description

Position Overview

The Director of Planning, Private Label will oversee the planning process and performance of the Private Label business to maximize sales by running and analyzing reports, developing financial and merchandise plans that fall in line and support overall company goals for sales, turn and margin. This person will have a strong merchandising and planning background and is passionate about the Tuckernuck brand. They are ultimately responsible for overseeing the overall Merchandise Planning and Inventory strategy for the Private Label verticals in conjunction with Merchandising Leadership to set and achieve sales and margin goals. 

Core Responsibilities

• Responsible for the financial success of all product categories by meeting or exceeding sales, gross margin, and inventory turn goals by category and by vendor for Private Label verticals.
• Pre-Season: Build Private Label financial plans to achieve sales, margin and receipt targets by collaborating with Planners, Director of Planning for 3rd Party, VP of Planning & Strategic Growth, CFO, and Founders.
  • Develop short and long range product assortment strategies that align with the brand vision
  • Build detailed monthly product category, brand, and product type assortment plans by month for all private label verticals in collaboration with VP/ Founders to create clear targets for development
  • Build KPI’s by division in partnership with Marketing to ensure overall KPI’s make sense
  • Oversee Wholesale goals and execution for whole company
  • Collaborate with merchants to build seasonal strategies across all channels of business and ensure merchandise assortment needs are being built to achieve growth of these channels 
  • Develop and build standardized reports and templates to perform in-season selling analysis and post season hind-sighting for continuous improvement
  • Track the development assortment ratio seasonally to drive efficiency based on Private Label verticals
  • Analyze the business on an ongoing/daily basis to understand core drivers; identify opportunities and risks and partner crossfunctionally to respond appropriately
• In-Season: Build and maintain the Private Label Seasonal Open to Buy, updating it weekly to ensure financial targets are met (revenue, margins, returns, cancellations and aged inventory)
  • Identify inventory levels needed to support replenishments and the markdown strategy for merchandise based on sell-through percent and planned product life span
  • Analyze, report, and revise projections based on current trends, performance, and opportunities on a monthly, quarterly and annual basis to maximize sales, profitability and sell through
  • Partner with Product Developers, Merchants, and Factories to maximize the flow of receipts and inventory
  • Partner with merchants to develop markdown strategy based on sell-through percent and planned product life span
  • Become subject matter expert in all reporting and ERP systems to help support cross functional teams and partners 
• Work in synergy with all internal and external teams toward common goals for the merchandise area 
• Manage and mentor a team of planners to ensure all areas of the business are planned for and montiored

Minimum Qualifications

• 12+ years of experience in a retail or wholesale environment, including time as a Planner/Buyer, Merchandiser or as Retail Business Analyst 
• Bachelor’s degree in Merchandising, Business or other related field 
• Management experience required

Knowledge/Skills/Abilities

• Demonstrated retail math and business acumen, including elements of markup, margin planning, selling and inventory productivity measures
• Excellent verbal and written communication and presentation skills including presenting complex material in an organized and compelling manner.
• Strategic thinker who recognizes opportunities and can recommend strategies by building business case and influence senior leaders to move to execution.
• High level of conceptual creative ability. Strong product sense with proven experience in driving product assortments and partnering with divisional leaders to lead investment strategies that drive business.
• Strong time management skills, attention to detail, problem solving, interpersonal and organizational skills – communication between functional groups is very critical.
• Proficiency in Excel 
• Positive attitude driven by an entrepreneurial spirit
• Experience in both excel based planning and systems planning is a plus

Compensation 

Compensation for the role will be determined based on the candidate's qualifications, skills, and experience. The estimated annual compensation for this role is $140,000-$170,000; classified as full-time exempt and not eligible for overtime. At Tuckernuck, we care about our team and offer benefits that support your health, growth, and work-life balance. This includes medical, dental, and vision coverage, a 401(k) with a company match, generous paid time off and holiday, paid new parent leave, day care coverage, a generous employee discount, and other great perks. 

Tuckernuck Core Values The successful candidate will also demonstrate the following core values that inspire the Tuckernuck team to make a difference.

• Teamwork Makes the Dream Work
• Find the Fun
• Stay Authentic
• Respect
• Entrepreneurial Spirit
• Start Strong & Finish Strong
• Have Courage
• Continuous Improvement

Tuckernuck is an equal opportunity employer and makes employment decisions on the basis of merit. Tuckernuck policy prohibits unlawful discrimination based on race, color, religious creed, sex, gender identity, marital or veteran status, age, national origin, ancestry, citizenship, physical or mental disability, medical condition, genetic information or characteristics (or those of a family member), sexual orientation, pregnancy, or any other consideration made unlawful by federal, state, or local laws. It also prohibits discrimination based on a perception that anyone has any of those characteristics or is associated with a person who has or is perceived as having any of those characteristics. All such discrimination is unlawful.