Full-Time

Director Merchandising Planning

Posted on 8/14/2024

Mejuri

Mejuri

501-1,000 employees

Handcrafted fine jewelry for everyday wear

Consumer Goods

Compensation Overview

$152k - $198kAnnually

Senior, Expert

New York, NY, USA

Hybrid work model for all corporate roles.

Category
Inventory Management
Supply Chain Management
Operations & Logistics
Required Skills
Sales
Communications
Excel/Numbers/Sheets
Requirements
  • 5+ years of experience in a retail environment including time as a planner, buyer or retail business analyst.
  • Demonstrated leadership experience, managing teams and working with executive leaders
  • Experience in high growth retail environment with frequent new store openings
  • Demonstrated retail experience and business acumen including forecasting, promotions, margin planning, selling and inventory productivity measures.
  • Excellent verbal and written communication and presentation skills including the ability to present complex material in an organized and compelling manner.
  • Proven track record in assortment and inventory planning to help optimize retail stores for highest conversion rates
  • Strategic thinker who recognizes opportunities and can recommend strategies by building business case and influence senior leaders to move to execution
  • High level of conceptual creative ability. Strong product sense with proven experience in driving product assortments and partnering to lead investment strategies that drive business.
  • Strong time management skills, attention to detail, problem solving, interpersonal and organizational skills – communication between functional groups is very critical.
  • Advanced proficiency in Excel, and data / business intelligence tools.
Responsibilities
  • Develop merchandise financial plans which optimize product category sales, financial, margin, and inventory goals.
  • Lead the forecasting for carryover and new product launches and new store openings.
  • Be the focal point for weekly sales reporting, developing tailored reporting for senior leadership and the merchandising, finance, supply chain, retail sales, and digital teams.
  • Develop and deliver performance analysis across the business that measures achievement of sales, margin, and inventory plans.
  • Manage the open to buy (OTB) process (part of the sales and operations planning process) that budgets for inventory purchases of both carryover and new products.
  • Support the buy review process (where new product investments are agreed) with forecasting and analysis including halo and cannibalization estimates, required inventory investment, and margin.
  • Be the go-to for ad-hoc and diagnostic analysis of sales, gross margin, and inventory performance, communicating insights, corrective actions, and recommendations.
  • Provide analytical support to the merchandising team as they develop product assortment, pricing, life cycle, and discontinuation plans.
  • Help develop systems and tools to facilitate the merchandising planning function.
  • Lead and develop a small team of demand and merchandise planners.

Mejuri offers handcrafted fine jewelry designed for everyday wear, including gold and silver pieces. The company eliminates traditional retail markups, making high-quality jewelry more affordable for a wider audience. Mejuri primarily targets fashion-oriented women who appreciate unique and trendy designs, and it operates as a direct-to-consumer brand through its website, mejuri.com. This model allows Mejuri to control the customer experience and reduce costs by avoiding middlemen. New jewelry editions are released weekly, keeping the collection fresh and appealing. Mejuri aims to provide stylish, high-quality jewelry at accessible prices, enhancing customer satisfaction with free shipping and returns.

Company Stage

Series B

Total Funding

$28.2M

Headquarters

Toronto, Canada

Founded

2013

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Holt Renfrew expands retail presence and brand visibility in Canada.
  • Launch of sustainable, lab-grown diamonds positions Mejuri as an eco-friendly market leader.
  • Collaborations with figures like Renée Rapp enhance brand appeal to younger demographics.

What critics are saying

  • Patent lawsuit from Andra over virtual showroom tech could lead to costly legal battles.
  • Partnership with Holt Renfrew may dilute Mejuri's direct-to-consumer brand identity.
  • Dependence on weekly new editions may lead to inventory management challenges.

What makes Mejuri unique

  • Mejuri offers handcrafted fine jewelry at accessible prices, disrupting traditional retail markups.
  • The company uses traceable and regenerated gold, appealing to environmentally conscious consumers.
  • Mejuri's direct-to-consumer model enhances customer experience and reduces costs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

Sabbatical Leave

Hybrid Work Options

Stock Options

Company Equity

401(k) Retirement Plan

401(k) Company Match

Performance Bonus

Profit Sharing

Employee Stock Purchase Plan

Relocation Assistance

Employee Referral Bonus

Student Loan Assistance

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Elder Care Support

Pet Insurance

Bereavement Leave

Professional Development Budget

Conference Attendance Budget

Training Programs

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Wellness Program

Mental Health Support

Gym Membership

Commuter Benefits

Meal Benefits

Phone/Internet Stipend

Home Office Stipend

Legal Services

Employee Discounts

Company Social Events

INACTIVE