Allocation Analyst
As the Allocation Analyst, you will contribute to Laura’s success by managing and allocating the merchandise to stores for a division/category. Using the merchandising system and various software technologies, the Allocation Analyst will ensure optimum inventory levels in stores to maximize sales and margins.
Responsibilities
- Determine the ideal merchandise profile to meet the company’s financial objectives.
- Review and analyze weekly store performance and inventory levels to maximize opportunities.
- Develop analysis tools in partnership with other departments to ensure store needs are fulfilled and all processes are efficient.
- Allocate new arrivals based on assortment plans, sales trends and store needs.
- Review style performance weekly and react as needed.
- Replenish sold goods through our replenishment and inventory balancing systems.
- Review transfer opportunities for in‑season products and execute accordingly in a timely and cost‑efficient manner taking into consideration store capacity and sale needs.
- Collaborate with Planning and Buying for repeat order quantities and size runs based on styles and store performance.
- Collaborate regularly with buying to review assortment strategies for upcoming collections.
- Attend monthly meetings with Allocation Manager to review current and upcoming strategies that evolve as the business needs shift.
Qualifications
- Bachelor’s degree in business administration, commerce or related specialty.
- Experience in retail.
- Good knowledge of Microsoft Excel.
- Knowledge of merchandise systems.
- Ability to analyze and understand quantitative data.
- Strong prioritization skills.
- Excellent communication and interpersonal skills.
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