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Retail Product Manager
2 weeks ago
Job Overview:
We are looking for a talented RETAIL PRODUCT MANAGER to lead our merchandise team and drive sales growth through effective product sourcing and merchandising strategies.
Main Responsibilities:
- Merchandise Strategy: Develop and execute merchandise strategies and plans to achieve sales and profit targets.
- Identify and source new products or vendors to diversify the product range.
- Negotiate with suppliers to secure favorable terms, pricing, and delivery schedules.
Product Development:
- Work closely with cross-functional teams to develop and implement product development strategies.
- Collaborate with designers to create visually appealing and functional products.
- Evaluate product performance and identify opportunities for improvement.
Inventory Management:
- Monitor inventory levels and ensure stock levels align with sales forecasts.
- Implement inventory control processes to minimize overstock and understock situations.
- Conduct regular stock audits and manage stock rotation to minimize losses due to obsolescence.
Team Leadership:
- Lead and motivate a high-performing team of buyers and planners.
- Provide guidance and coaching to team members to improve their skills and knowledge.
- Foster a culture of collaboration and open communication within the team.
Qualifications:
- Bachelor's degree in business, retail management, or a related field.
- At least 5 years and up experience in retail merchandising and brand management.
- Strong analytical skills and the ability to interpret sales data.
- Excellent negotiation and vendor management skills.
- Creative flair for visual merchandising and store layout.
- Strong organizational and leadership abilities.
- Proficiency in using retail software and inventory management systems.
- Excellent communication and interpersonal skills.
- Ability to work in a fast-paced, dynamic retail environment.