Sr. Allocation Analyst

Seasonal Allocation And Planning Manager

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!

Job Responsibilities:

• Oversee businesses with over 1,000 SKUs which are managed at multiple allocatable levels
• Own areas of the business with varying assortments based on store type
• Coordinate with buying, planning, visual to plan for seasonal set and refresh allocations
• Optimize the allocation of products to prevent stockouts and reduce excess inventory at end of season or product life cycle
• Review and approve 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 the opportunities and apply the necessary adjustments for upcoming seasons
• Collaborate with cross functional partners to identify slow-moving items and recommend actions to address these issues (hold in DC, markdown, floor placement moves)
• Generate, maintain, and communicate key performance metrics from allocation reports to show areas for improvement

Data Analysis And Reporting:

• Generate reporting on inventory performance and recommend strategy adjustments as needed
• Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes
• Develop a story from large data sets to create an action plan accordingly

Communication And Collaboration:

• Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination
• Provide regular updates on allocation effectiveness throughout the season
• Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels

Qualifications:

• Minimum of 2-4 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
• Able to formulate a point of view of the business and to summarize opportunities and strategies
• Advanced Microsoft Excel skills and ability to learn systems quickly. Power BI or Tableau experience a bonus