Product Development Strategist
5 days ago
Sonak Corporation is seeking a Product Development Strategist to lead our merchandising efforts and drive sales/margin growth.
Key Responsibilities:
- Formulate merchandising strategies to attain sales/margin goals at optimal inventory levels.
- Maximize sales potential and profit through product mix, pricing, margins, coloring, sizing, store distribution, and delivery phasing.
- Negotiate with suppliers for samples, orders, FOB prices, MOQs, and brand building support.
- Coordinate sampling and buying with brand and store merchandisers and operations.
- Monitor sell-through of products and take action to ensure maximum sales and profit.
- Audit current products and identify opportunities to maximize best-sellers, minimize risks, and fill market gaps.
- Maintain inventory levels and aging, taking corrective action as needed.
- Provide proactive feedback to the Division Head on merchandise strategy effectiveness and suggest areas for improvement.
- Familiarize yourself with competitor and complementary brands' product ranges, pricing, and positioning.
- Visit the warehouse periodically to inspect defective products and recommend actions to the Division Head.
Requirements:
- Proven experience in product development and merchandising.
- Strong analytical and problem-solving skills.
- Excellent communication and negotiation skills.
- Ability to work independently and collaboratively within a team.
- Proficiency in Microsoft Office Suite and data analysis tools.
Benefits:
- Competitive salary: $120,000 - $150,000 per year, depending on experience.
- Bonus structure tied to performance metrics.
- Comprehensive health insurance package.
- Retirement plan matching program.
- Professional development opportunities.
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