Allocation Analyst

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they'll tell you there's no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It's all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Overview: As the Allocation Analyst, you will take lead in optimizing inventory allocation and distribution strategies to meet customer demand and drive sales during peak seasons. This role requires a keen understanding of inventory management, market trends, and customer behavior to ensure the right products are available in the right stores at the right time. You will manage the distribution of inventory to maximize the likelihood of sales and sell-through while considering strategic objectives such as store priority. The ideal candidate will have a strong background in inventory management, excellent organizational and communication skills, and the ability to thrive in a fast-paced, dynamic environment.


Job Responsibilities:


Seasonal Allocation and Planning:

• Oversee businesses with 500-1,000+ SKUs, driving up to $200M annually

• Develop and maintain demand forecasts by analyzing historical sales trends, seasonal patterns, and market drivers

• Monitor forecast accuracy, identify variances, and recommend corrective actions to improve results

• Contribute to process improvements by identifying opportunities for automation, enhanced forecasting models, and best practices

• Coordinate with buying, planning, visual to plan for seasonal set and refresh allocations and align demand forecasts with business objectives

• Optimize the allocation of products to prevent stockouts and reduce excess inventory at end of season or product life cycle

• Review the allocation of merchandise to warehouses and stores based on demand forecasts, sales trends, and optimal inventory levels

• Support the execution of seasonal strategies and marketed events by allocating the right products to stores and online channels as per the marketing and merchandising plans

Inventory Analysis:

• Monitor store sales performance, tracking sell-through rates. Review opportunities with manager and align on the necessary adjustments for upcoming seasons

• Collaborate with manager to identify slow-moving items and recommend actions to address these issues (hold in DC, markdown, floor placement moves)

• Prepare reports, dashboards, and presentations to communicate forecast performance and inventory insights to leadership.

Communication and Collaboration:

• Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination

• Partner with your manager to provide regular updates on allocation effectiveness throughout the season with your cross-functional partners

• Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels

Qualifications:

• Bachelor's degree in Supply Chain Management, Business, Finance, Data Analytics, or related field required.

• Minimum of 1-2 years of experience in inventory management

• Effective cross-functional collaboration and communication skills

• Ability to analyze data and provide actionable feedback

• A strong problem-solving skillset

• Capable of prioritizing workload in a fast paced and dynamic environment

• Sense of urgency and excitement to be a part of a high-growth retail environment
• Advanced Microsoft Excel skills and ability to learn systems quickly. Power BI or Tableau experience a bonus
• Must be Philadelphia-based for in-office requirements

Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered-check it out today! benefits.fivebelow.com/public/welcome

Five Below is an Equal Opportunity Employer . All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.

Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities . If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new

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