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PURPOSE & OVERALL RELEVANCE FOR THE ORGANIZATION:
This role is responsible for maximizing the profitability of Own Retail business by overseeing that the sales planning, buying, day-to-day trading activities, sales reviews and inventory management are carried out effectively and efficiently. A secondary responsibility of managing the buy for key Franchise partners/doors may be added in the future.
This includes:
• Planning and setting the right merchandising strategy for Own Retail in the country
• Implementing Merchandising End-to-End (E2E) process
• Putting in the right strategies to derive the right Buy for Own Retail in the country
• Monitoring all in-season activities and acting accordingly for Own Retail
• Providing feedback and work collaboratively with SEA Own Retail Buying/Merchandising Department
KEY RESPONSIBILITIES:
• Lead and coach country Buying team members on all Buying functions with the objective of providing career progression.
• Support the implementation of key strategic priorities in the country for Own Retail within the SEA Own Retail Buying Department framework.
• Responsible for the Business Units’ Sales Planning, Buy, cost and margins in the country.
• Work with the SEA Own Retail Buying Department to derive Open-To-Buy (OTB) budget for Own Retail – Concept Stores (New seasons) and Factory Outlet (GFO).
• Build the right product mix based on the share of business of store formats, product categories, store types, age and gender mix for Own Retail.
• Review and implement the right buying analysis by categories for Own Retail.
• Review and define product options and space management in the country for Own Retail.
• Ensure correct size ratios are used for order placement for Own Retail
b. In addition to the above (when secondary responsibility becomes effective):
• Work with Head of the Franchise Channel/Key Account Manager to receive Open-To-Buy (OTB) budget for Key Franchise Partners/Doors.
• Support Key Franchise Doors to ensure their sell-in buy is appropriate by giving them the right range recommendation per store based on SEA Own Retail Buying seasonal strategies.
• Provide guidance to Key Stakeholders i.e. Buyers of Franchise partners to ensure that all merchandising strategies and principles are executed timely and correctly.
• Ensure correct size ratios are used for order placement for Key Franchise doors.
• Drive and achieve Benchmarks and KPIs on productivity and sell-through which are aligned with SEA Own Retail Buying Department for Own Retail.
• Support improvements in Allocation and Replenishment (A&R) techniques with SEA Direct to Consumer (DTC) Own Retail Buying Department for Own Retail.
• Ensure products are launched on time with adequate stock for Own Retail.
• Work closely with Store Operations to ensure product grading and product option plan are in line with space management guideline for Own Retail (pre-season).
• Establish and analyze Own Retail’s key Buy, Sales and Inventory reports and take necessary actions to ensure business strategies are well-executed and business goals are achieved (pre-, in- and post-season).
• To validate and identify Month on hand (MoH) inventory planning file based on the month cover of Concept Stores and Factory Outlets
• Ensure end-of-season stock is managed accordingly to the Product-Life-Cycle (PLC) policy for Own Retail.
• Ensure all Store Openings/Closings/Remodels are well coordinated by tasking the Buying department to act as the single point-of-contact for Own Retail.
• Provide guidance to Key Franchise Partners on sales report generation and analysis (pre-, in- and post-season).
• Ensure in-season chase models (Evergreen, In-Season-Creation and Planned-Responsiveness) are well managed to make sure inventory is optimal for Own Retail.
• Establish Own Retail store-visit schedule to achieve an expected amount of time spent in the stores. Ratio of time to be spent in office versus stores is recommended as 60%/40% respectively.
• Analyze Own Retail Store Visits Pack (SVP) prior to store visits.
KEY RELATIONSHIP:
• Internal: Own Retail Stores, Country Retail Operation Team, Country Category Marketing, Country Finance, SEA Own Retail Buying team, Country Franchise team, Country Warehouse Operations team
• External: Franchise Partners, Other third-party service providers
KNOWLEDGE, SKILLS AND ABILITIES:
• Datamining & Presentation skills
• Strong analytical mind set - detail and numbers oriented
• Excel/computer skills
• Business Acumen & problem solving skills
• Category know how - products, ranges, market trends
• Big picture thinking
• Process and system understanding
• Collaboration & Influencing skills
• Ability to multitask
• University degree in business, ideally with marketing and sales focus or equivalent professional experience
• Merchandising/Retail Finance/ Business Analytics Experience: 5-6 years
• Management Experience:2-4 years
• Merchandising skills with a minimum 6-7 years’ experience in retail planning and operations
• Fluency in English
• Exposure in managing multiple markets will be a plus
• Industry: Preferably in apparel/ fashion/ Footwear
• Exposure: Sports, Fashion
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