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Merchandise Coordinator
Food52New York City, United StatesRemotefull_timeVerifiedPosted 16 May 2023
About the role
About UsFood52 is an award-winning brand in the kitchen and home space, using an innovative commerce, content and community business model to reach over 24 million homecooks and homebodies, and was recently named No. 28 on Fast Company’s list of the World’s Most Innovative Companies of 2022. We’re passionate about giving our deeply-engaged audience everything they need to enjoy life’s most important pleasures – food, home & connection to others.
As part of an ongoing initiative, we remain focused and committed to diversity, equity, and inclusion as the center of our hiring process and our company culture. We're committed to building a community that values and honors the contributions of underrepresented communities to our shared culinary experience—starting with the Food52 family. You can read more about our support, and link to our progress, in our DEI Vision Statement.
SummaryThe Merchandise Coordinator supports the Food52 mission with strategic thinking, action and outcomes. This person will focus on supporting new business strategies and developing product assortment and product lines that are customer focused, brand aligned, unique, and based on actionable insights, analyses and recommendations that inform day to day business and long-term strategy & vision. The primary responsibilities of the Merchandise Coordinator is to assist in planning successful new product assortments, support the cross-functional preparation for new product introduction, and manage existing assortments to ensure product meets or exceeds pre-determined gross margin targets and other merchandising and business goals. The Merchandise Coordinator will work towards achieving financial goals, developing seasonal plans and driving new business strategies, as well as developing and maintaining partnerships with internal and external customers.This position will work closely with Product Design and Development, and cross-functional partners including Marketing, Merchandising/Web, CID, Planning/Purchasing, Reporting/IT, Sourcing, Accounting and Sales. This person must develop a keen understanding of the Food52 merchandising point-of-view.
Key FunctionsProduct Data Maintenance - Responsible for the management and tracking and organization of samples- Supports the Merchant team in the creation and maintenance of styles for the assortment- Maintain reports and tools as needed by the merchant teamServe as a conduit for information, materials, and samples to cross-functional teams- Ensures data-entry integrity and maintenance of new and existing product- Propose product changes including, name, status, data, price and web changes to improve and maintain data integrity.- Coordinate the monthly product change list process with inputs from all cross-functional teams
Assortment Planning- Maintain existing product assortment for all categories by assisting in a regular schedule of category reviews focused on sales analysis, target margins, retail pricing structure, product mix and turn strategy.- Update and maintain the Assortment Plan for current and future launch seasons.- Gathers, distills, analyzes and presents cross-functional inputs and external frontline, targeted and strategic inputs to inform potential products and assortment plans. - Presents key insights with relevant and actionable product strategies. - Facilitate new product assortment planning and approvals process.- Create and distribute assortment documentation to internal partners at regular intervals. - Research sales performance, margin and product mix to recommend product turnover and new development. - Analyze and track promotional salesIdentify and evaluate business cases for new product opportunities.
Product Costing and Profitability- Recommends targets for product pricing for new products by utilizing market research and analyzing sales figures to determine and advocate for a meaningful pricing structure, while also hitting margin goals.- Manage SKU lists for promos and markdowns as needed, and share with cross-functional partners.- Quantify business opportunities that support the overall assortment strategic plan.
Market Research and Competitive Knowledge/Analysis- Conduct both qualitative and quantitative consumer research to gain an in-depth understanding of specific customer groups and anticipate future trends.- Conduct analysis of competitive markets, customer profiles and product metrics to help steer conversations about effective use of product development resources. - Conducts research by shopping competition and analyzing price/quality/value relationship. - Complete competitive analysis report by segment once per quarter.
Additional Functions: - Sales Steering Strategy: Work closely with the Marketing team to monitor the current active assortment and implement strategies for multi-channel merchan
As part of an ongoing initiative, we remain focused and committed to diversity, equity, and inclusion as the center of our hiring process and our company culture. We're committed to building a community that values and honors the contributions of underrepresented communities to our shared culinary experience—starting with the Food52 family. You can read more about our support, and link to our progress, in our DEI Vision Statement.
SummaryThe Merchandise Coordinator supports the Food52 mission with strategic thinking, action and outcomes. This person will focus on supporting new business strategies and developing product assortment and product lines that are customer focused, brand aligned, unique, and based on actionable insights, analyses and recommendations that inform day to day business and long-term strategy & vision. The primary responsibilities of the Merchandise Coordinator is to assist in planning successful new product assortments, support the cross-functional preparation for new product introduction, and manage existing assortments to ensure product meets or exceeds pre-determined gross margin targets and other merchandising and business goals. The Merchandise Coordinator will work towards achieving financial goals, developing seasonal plans and driving new business strategies, as well as developing and maintaining partnerships with internal and external customers.This position will work closely with Product Design and Development, and cross-functional partners including Marketing, Merchandising/Web, CID, Planning/Purchasing, Reporting/IT, Sourcing, Accounting and Sales. This person must develop a keen understanding of the Food52 merchandising point-of-view.
Key FunctionsProduct Data Maintenance - Responsible for the management and tracking and organization of samples- Supports the Merchant team in the creation and maintenance of styles for the assortment- Maintain reports and tools as needed by the merchant teamServe as a conduit for information, materials, and samples to cross-functional teams- Ensures data-entry integrity and maintenance of new and existing product- Propose product changes including, name, status, data, price and web changes to improve and maintain data integrity.- Coordinate the monthly product change list process with inputs from all cross-functional teams
Assortment Planning- Maintain existing product assortment for all categories by assisting in a regular schedule of category reviews focused on sales analysis, target margins, retail pricing structure, product mix and turn strategy.- Update and maintain the Assortment Plan for current and future launch seasons.- Gathers, distills, analyzes and presents cross-functional inputs and external frontline, targeted and strategic inputs to inform potential products and assortment plans. - Presents key insights with relevant and actionable product strategies. - Facilitate new product assortment planning and approvals process.- Create and distribute assortment documentation to internal partners at regular intervals. - Research sales performance, margin and product mix to recommend product turnover and new development. - Analyze and track promotional salesIdentify and evaluate business cases for new product opportunities.
Product Costing and Profitability- Recommends targets for product pricing for new products by utilizing market research and analyzing sales figures to determine and advocate for a meaningful pricing structure, while also hitting margin goals.- Manage SKU lists for promos and markdowns as needed, and share with cross-functional partners.- Quantify business opportunities that support the overall assortment strategic plan.
Market Research and Competitive Knowledge/Analysis- Conduct both qualitative and quantitative consumer research to gain an in-depth understanding of specific customer groups and anticipate future trends.- Conduct analysis of competitive markets, customer profiles and product metrics to help steer conversations about effective use of product development resources. - Conducts research by shopping competition and analyzing price/quality/value relationship. - Complete competitive analysis report by segment once per quarter.
Additional Functions: - Sales Steering Strategy: Work closely with the Marketing team to monitor the current active assortment and implement strategies for multi-channel merchan
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