Key Responsibilities
Brand Growth and Profitability
- Maximize sales and profitability of brand stores in line with Company targets
- Develop the brand launch strategy in consultation with the Brand General Manager
- Control costs within budgetary guidelines for the brand stores
- Maximize productivity in stores through effective deployment of resources at brand stores to ensure complete sell through as per brand product, style and assortment plans
- Review feedback from territories on Brand acceptance and customer expectations
- Ensure adherence to financial plan in all key areas - sales, markdowns, margin and average inventory
- Create the brand positioning in consultation with the Marketing team and Brand Principal /Brand General Manager
- Involve in recruitment and training of team members Brand Merchandise Planning and Product Selection
- Study merchandise requirements for assigned brand by setting sourcing triggers based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc.
- Design the merchandise plan (pricing, promotion, assortment etc.) with the team for timely availability of stocks at the stores
- Determine buying requirements and formulate buying plan and budget
- Conduct product selection in coordination with the buying requirements and the product research received
- Ensure effective in-season management across territories (stock balancing, markdown management, stock analysis, stock vs. sales performance)
Brand Image
- Create brand awareness “Club Apparel”
- Coordinate with Retail Operations to collate the feedback on retail and brand operations
- Develop Strategy for Visual Merchandising at Stores and ensure implementation of the same Market and Competition Research
- Acquire market intelligence through various sources and analyze trends that may impact business
- Research the brand acceptance within the region or any new territory and identify any inputs on brand customizations required
- Map competition prices / products and provide qualitative inputs to business
- Research and look at new sites for brand outlets and discuss the same with the Operations Manager and General Manager
- Research on the latest trends in products, brands, styles, designs, fits etc. Projects & Administration
- Evaluate the selected site on parameters like trade area, customer base, additional merchandising considerations and seek internal approvals
- Co-ordinate for new store openings and re-fits with the operations and projects team
- Ensure brand outlet locations are in line with the brand strategy and positioning
- Ensure adherence to the store opening plan