Allocations Analyst

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 35,000 crew members who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every crew member believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

JOB RESPONSIBILITIES: 

Seasonal Allocation and Planning: ​ 

• Oversee businesses with 500-1,000 SKUs, driving up to $200M annually 
• Coordinate with buying, planning, visual to plan for seasonal set and refresh allocations 
• Optimize the allocation of products to prevent stockouts and reduce excess inventory at end of season or product life cycle 
• Review the allocation of merchandise to warehouses and stores based on demand forecasts, sales trends, and optimal inventory levels 
• Support the execution of seasonal strategies and marketed events by allocating the right products to stores and online channels as per the marketing and merchandising plans

Inventory Analysis:​ 

• Monitor store sales performance, tracking sell-through rates.  Review opportunities with manager and align on the necessary adjustments for upcoming seasons 
• Collaborate with manager to identify slow-moving items and recommend actions to address these issues (hold in DC, markdown, floor placement moves)​ 
• Generate and maintain allocation reports, highlighting key performance metrics for your manager 

Data Analysis and Reporting: 

• Generate reporting on inventory performance  
• Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes 

Communication and Collaboration: 

• Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination 
• Partner with your manager to provide regular updates on allocation effectiveness throughout the season 
• Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels  

QUALIFICATIONS: 

• Minimum of 1-2 years of experience in inventory management 
• Effective cross-functional collaboration and communication skills 
• Ability to analyze data and provide actionable feedback.  A strong problem-solving skillset 
• Capable of prioritizing workload in a fast paced and dynamic environment 
• Sense of urgency and excitement to be a part of a high-growth retail environment 
• Advanced Microsoft Excel skills and ability to learn systems quickly.  Power BI or Tableau experience a bonus 

Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcome

Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.

Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new

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