Saks OFF 5TH
Director, Digital Planning
Saks OFF 5TH, New York, New York, us, 10261
Saks OFF 5TH is the premier luxury off-price destination. In its more than 100 stores in the U.S. and Canada, and online, at SaksOFF5TH.com, the company provides the best names in fashion at an incredible value through its merchandise authority, unparalleled brand access and seamless connection between ecommerce and stores.
What This Position Is All About:
The Director of Digital Planning is responsible for overseeing the Corporate and Digital Planning functions. With a focus on meeting or exceeding sales and profit objectives, the Director will work closely with leaders across buying and planning. Core responsibilities will include leading the Corporate Planning team to establish the financial forecast and set the appropriate in-season targets and pre-season plans. Additional responsibility includes assisting in the open-to-buy process. The director will also lead the Digital Planning team in developing strategies to execute financial plans, inventory management, and allocations. This role requires strong partnerships with our Corporate Finance, Strategy, Digital, Tech, and Saks OFF 5TH Store teams.
Who You Are:
Able to lead and develop teamsA natural problem-solver, who is also analytical and creativeYou understand the value of being proactive and solution-orientedYou have a can-do attitudeYou Also Have:
Bachelor's Degree6+ years in buying, planning or allocation capacity, Off-Price retail experience a plusStrong business and financial analysis skillsStrong cost math acumen, including elements of markup, margin planning, open-to-buy, and inventory productivity measures (WOS, Turn, GMROI)Strong communication and presentation skills; extensive exposure to senior managementExcellent computer skills including MS Word and ExcelDemonstrated managerial and leadership skillsAs Director, Digital Planning, You Will:
Financial Planning
Lead the development of sales, gross margin, and inventory targets across brick-and-mortar and digital.Identify opportunities for system and process enhancements throughout the merchandising function, specifically related to the open-to-buy process.Maintain an overview of the company's planning calendar and ensure adherancePartner closely with Finance leaders to review forecasts and analyticsPartner closely with Marketing leadership to measure the effectiveness of promotions. Use this data to create a promotion calendar, in partnership with marketing leadership, that aligns with sales and margin expectations.Open-to-Buy Monitoring
Identifies and communicates divisional OTB monthly trends and direction to Planning teams. Reviews and participates in the monthly OTB (forecast sales and inventories) Reviews inventory productivity (WOS, Turn), and recommends adjustments to business trends.Reviews actual to planned receipt performance. Reviews performance via the monthly stock ledger. Participates in the development of and reviews the age of inventory/ exit strategies.Reviews markdown projections and vendor allowance projections.Review all pertinent factors (MU, MD's, VA, etc.) relating to profitability. Manages the process including meeting plans, reporting and analysis, and reviews process with SVP of Planning and GMM's.Business Strategy
Key liaison between Planning and the Strategy team. Provides insight into data and reporting. Forecasts and tracks the success of newly implemented projects/initiatives, opportunity areas, and potential liabilities.Support Planning Projects by developing action-focused solutions based on analysis. Presents findings and proposed actions to cross-functional team members and business leaders.Your Life and Career at Saks OFF 5TH:
Be part of an empowered, innovative team; work with an adventurous spirit and a customer-centric mindset; play a critical role in making decisions that will position us to winExposure to rewarding career advancement opportunities across different functions within our corporate offices, retail stores, photo studios, and distribution centersA culture that promotes a flexible work environmentBenefits package for all eligible full-time employees (including medical, dental and vision)An amazing employee discount and other exciting perks
Thank you for your interest with Saks OFF 5TH. We look forward to reviewing your application.
We believe that our differences not only make us stronger, but also guide our evolution and future growth. All associates are expected to create an inclusive environment free from harassment, discrimination, and bullying.Together, we celebrate, advocate for, and learn from our colleagues, customers and communities to create the best environment to shop and work for all.
What This Position Is All About:
The Director of Digital Planning is responsible for overseeing the Corporate and Digital Planning functions. With a focus on meeting or exceeding sales and profit objectives, the Director will work closely with leaders across buying and planning. Core responsibilities will include leading the Corporate Planning team to establish the financial forecast and set the appropriate in-season targets and pre-season plans. Additional responsibility includes assisting in the open-to-buy process. The director will also lead the Digital Planning team in developing strategies to execute financial plans, inventory management, and allocations. This role requires strong partnerships with our Corporate Finance, Strategy, Digital, Tech, and Saks OFF 5TH Store teams.
Who You Are:
Able to lead and develop teamsA natural problem-solver, who is also analytical and creativeYou understand the value of being proactive and solution-orientedYou have a can-do attitudeYou Also Have:
Bachelor's Degree6+ years in buying, planning or allocation capacity, Off-Price retail experience a plusStrong business and financial analysis skillsStrong cost math acumen, including elements of markup, margin planning, open-to-buy, and inventory productivity measures (WOS, Turn, GMROI)Strong communication and presentation skills; extensive exposure to senior managementExcellent computer skills including MS Word and ExcelDemonstrated managerial and leadership skillsAs Director, Digital Planning, You Will:
Financial Planning
Lead the development of sales, gross margin, and inventory targets across brick-and-mortar and digital.Identify opportunities for system and process enhancements throughout the merchandising function, specifically related to the open-to-buy process.Maintain an overview of the company's planning calendar and ensure adherancePartner closely with Finance leaders to review forecasts and analyticsPartner closely with Marketing leadership to measure the effectiveness of promotions. Use this data to create a promotion calendar, in partnership with marketing leadership, that aligns with sales and margin expectations.Open-to-Buy Monitoring
Identifies and communicates divisional OTB monthly trends and direction to Planning teams. Reviews and participates in the monthly OTB (forecast sales and inventories) Reviews inventory productivity (WOS, Turn), and recommends adjustments to business trends.Reviews actual to planned receipt performance. Reviews performance via the monthly stock ledger. Participates in the development of and reviews the age of inventory/ exit strategies.Reviews markdown projections and vendor allowance projections.Review all pertinent factors (MU, MD's, VA, etc.) relating to profitability. Manages the process including meeting plans, reporting and analysis, and reviews process with SVP of Planning and GMM's.Business Strategy
Key liaison between Planning and the Strategy team. Provides insight into data and reporting. Forecasts and tracks the success of newly implemented projects/initiatives, opportunity areas, and potential liabilities.Support Planning Projects by developing action-focused solutions based on analysis. Presents findings and proposed actions to cross-functional team members and business leaders.Your Life and Career at Saks OFF 5TH:
Be part of an empowered, innovative team; work with an adventurous spirit and a customer-centric mindset; play a critical role in making decisions that will position us to winExposure to rewarding career advancement opportunities across different functions within our corporate offices, retail stores, photo studios, and distribution centersA culture that promotes a flexible work environmentBenefits package for all eligible full-time employees (including medical, dental and vision)An amazing employee discount and other exciting perks
Thank you for your interest with Saks OFF 5TH. We look forward to reviewing your application.
We believe that our differences not only make us stronger, but also guide our evolution and future growth. All associates are expected to create an inclusive environment free from harassment, discrimination, and bullying.Together, we celebrate, advocate for, and learn from our colleagues, customers and communities to create the best environment to shop and work for all.