Tiffany & Co. Senior Analyst - Peretti Category Management
- Develop a thorough understanding of classic and active Peretti designs and the vendors that produce them; employ understanding of the nuances of the Peretti business.
- Perform analysis and provide recommendations for assortment changes and improvements to maximize sales and productivity, in partnership with the GAP team.
- Analyze assortments by collection, classification and price point as directed to maximize productivity and project objectives including year-end and quarterly reviews.
- Propose, implement and monitor worldwide assortments in partnership with GAP team.
- Develop reports and presentations, such as collection trend reports, style-outs, competitive shopping analysis, that communicate a high-level view of new product introductions for meetings and conferences.
- Partner with DM to ensure the appropriate ratio of assortment count to SKU productivity.
- Analyze and validate store type strategies by product family (IR only).
- Refresh and distribute Weekly, Monthly and Quarterly Dashboard reports to cross-functional partners and Senior Management.
- Perform, execute and communicate formal price changes, conducting analysis and gathering comparison SKU information to set retails for new and existing product taking into account both margin targets and sales goals.
- Establish and implement margin reviews to validate pricing structure based on sales volume and margin drivers, while analyzing gross margin department objectives through price change recommendations.
- Review current pricing systems to identify areas of improvement and proposed solutions (IR only).
- Resolve and submit off-cycle pricing errors or discrepancies.
- Support VP and Director in the development of reports, presentations and product set-ups as needed.
- Analyze product assortments such as collection, classification, price point and sales trends, and make proposals for new merchandise/product extensions based on findings.
- Create and maintain Product Plans and key initiative image grids throughout various stages of development, ensuring accuracy of item detail.
- Facilitate cross function reviews (DM/IP/PD/SM/GAP/Regional partners) of new product plans and distribution strategies. Partner to ensure target cost, retail pricing and GM objectives for new product are met.
- Execute systematic assortment changes and additions.
- Ensure project milestones are met and systematically updated on a timely basis including SKU creation, final costs and final retails as well as launch timing shifts.
- Communicate with both central and zone/regional teams to address and support category assortment and new product plans.
- Partner with Marketing and Brand teams to manage all Marketing requests (Brand Campaigns, Digital Assets, advertising, e-commerce) and PR (merchandise borrow, press releases, Events) initiate reviews, validate suggestions for fit and accuracy and ensure teams are meeting deadlines.
- Monitor PR/Marketing borrows monthly for both samples and stock inventory.
- Partner with GAP, Brand, Marketing, CVM and Global Learning as needed to create and distribute product communications for client advisors and store staff.
- Partner with cross functional teams to communicate and execute key initiatives, new product launches, assortments, discontinuations, reclass and pricing as needed.
- Coordinate with CRA, PLM, Retail and Merchandising teams to schedule and execute price changes, along with TCO cross-functional partners.
- Partner with Visual Merchandising to provide guidance on collection and classification retail (in-store) display strategies for existing and new stores.
- Conduct reviews and create analysis on an as needed basis, to validate and provide direction for T-Flags, E-Flags and Obsolescence management.
- Partner with DM, IP, SM, and CRA to establish strategies for managing overstock and aged inventory. (IR)
- Manage accurate day to day item maintenance, re-classes and merges.
- Support VP and Director in providing Elsa Peretti Estate periodical reports and information as requested/needed.
- Partner with regional teams to maximize sales through Events and local opportunities by defining and initiating product needs for existing merchandise and/or exclusive products. (Ie: Pop up Stores, Temporary locations, New Store Openings, Client Events).
- Execute ad hoc projects as needed for the category including Sr. Management presentations and major systematic data updates and reporting.
- Overall knowledge/experience in the workings of retail business practices
- Proficiency in Microsoft Office applications (Word, Excel, Access, PowerPoint) with adaptability to new software
- Must have strong analytical skills
- Must be able to think strategically - then implement steps to achieve goals
- Must have excellent organizational, communication and written skills
- Ability to be flexible and adept to changing priorities (ability to multi-task is essential)
- Strong interpersonal skills - must be diplomatic
- Good negotiating skills for dealing with sales professionals, gemstone acquisition and outside vendors
- Must be able to lead and develop a staff
- Undergraduate degree from an accredited University
- Graduate Gemologist certificate or near completion
- Comprehension of the product offered at Tiffany & Co.
- At least 2 years of retail experience, preferably with some store line experience
- Knowledge of gross margin and turn calculations
- Working knowledge of MIPS, APA, Essbase and JDEdwards
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