Product and Merchandise Manager

Position Purpose:

The Product and Merchandising Manager is responsible for overseeing and managing the life cycle of products from conceptualization to development and commercialization, ensuring that products are profitable, cost-effective, and are in the right place, at the right time, at the right price, and in the right quantity to meet consumer needs, develop and implement merchandising strategies, and oversee implementation of curated layouts that capture market share and drive business growth. He or she will also ensure intellectual property is protected, diligent research and sourcing of new materials, collaborating with vendors and partners to improve product diversity and cohesion between retail and support team (head office).

Duties and Responsibilities:

Merchandising Management

• Developing and implementing merchandising strategies that align with the company's goals and objectives and target market
• Overseeing the planning and implementation of merchandising strategies.
• Tracking inventory movement and systematically introducing strategies to promote sales and product movement
• Collaborating sales and business development to brainstorm new projects, campaigns, and business ideas
• Interpreting sales reports and guiding how to improve figures and customer engagement.
• Researching and analyzing consumer behavior, market trends, competitor activity, and brand positioning
• Establishing budgets, performance specifications and sales estimates.
• Help shape and communicate company vision and mission in collaboration and coordination across all departments
• Align the company around the brand's direction, choices and tactics

Revenue and Bottomline Growth

• Oversee all phases of the product life cycle from conceptualisation, to development, launch /release, maturity of product and decline and give recommendations to management .
• Conducting market research and analyzing trends and competitive offerings to determine product demand and sales potential
• Managing and pricing inventory levels to maximize sales while minimizing inventory liabilities
• Oversees development and management of visual displays and product layouts to encourage customer purchases
• Analyzing sales data to identify opportunities for improvement and maximize profits
• Acquire new clients and new business through effective merchandising strategies
• Gathering feedback from retail and analyzing consumer behavior to define our company's positioning
• Drive innovation and simplicity - identify opportunities and drive process improvements, standardization, and enablers to gain efficiencies for in-store merchandising execution
• Drive process and initiatives on cost savings
• Develop ideal product life cycle and establish SOPs and clear process flows
• Establish and implement matrixes for discounting, phase out, and costing (BOM/COGS/Margins)
• Establish performance specifications, cost and price parameters, market applications and estimates

Research and Development

• Lead key projects with R&D to support business goals.
• Oversee development of research programs incorporating current developments to improve existing products and study of potential new products.
• Determine and oversee execution of improved technologies used by suppliers, competitors, and customers.
• Establish and oversee new products and product improvement processes and timelines
• Oversee research, design and evaluation of materials, assemblies, processes, and equipment.
• Suggest training tools to enhance employee performance and skill development.
• Monitor team metrics and objectives ensuring the meeting of goals.
• Document all phases of research and development.
• Establish and maintain testing procedures for assessing raw materials, in-process and finished products.
• Oversee complex research projects, analyze results and provide recommendations based on findings.
• Assess the scope of projects and ensure they are on time and within budget.

Other tasks and responsibilities

• Performs tasks that may be assigned by management
• Participate in weekly/monthly retail management meetings and walkthroughs
• Collaborate and support retail team
• Conduct of showroom checklist

Qualifications

• Bachelor's degree in marketing, business management, retail, or a related field in a luxury brand an advantage.
• Strong track record of successful product launches, merchandising campaigns, and sales growth.
• Experience in managing teams and working with vendors and suppliers
• A minimum of two years experience in a managerial position or equivalent in retail or merchandising
• Minimum of 6-7 years total experience in luxury brand merchandising is essential.
• Exceptional interpersonal and communication skills.
• Must be creative and detail-orientated
• Proven track record merchandising of a luxury brand
• Experience merchandising across any luxury brand categories, with particular preference for home/lifestyle and fashion/apparel sectors.
• Excellent communication and negotiation skills
• Knowledge of market trends and customer behavior
• Ability to multitask and work under pressure
• Experience in identifying target audiences and devising plans for growth
• Strong analytical skills partnered with a creative mind
• Outstanding communication skills
• Up-to-date with latest trends and best practices

Job Type: Full-time

Benefits:

• Additional leave
• Company Christmas gift
• Company events
• Employee discount
• Health insurance
• On-site parking
• Opportunities for promotion
• Paid training
• Promotion to permanent employee

Work Location: In person