Full-Time
Director/Sr Director
Commercial Finance
Confirmed live in the last 24 hours
SKIMS
51-200 employees
Designs and produces shapewear and loungewear
Compensation Overview
$160k - $180kAnnually
Senior, Expert
Los Angeles, CA, USA
- 4-year degree in Business, Accounting, Finance or Economics; Graduate degree preferred
- 7 – 10+ years of experience in Retail Finance, Financial Planning and Analysis, Business Planning, Management Consulting, or similar experience
- Previous experience in the retail industry is highly desirable
- Strong analytical skills and strategic modeling experience as well as demonstrated business acumen; Keen problem solving with a high level of intellectual curiosity, ability to dive deep, find solutions and deliver results
- Solid experience with key financial planning tools and systems as well as Microsoft Office skills including but not limited to Excel and PowerPoint
- Executive presence, excellent interpersonal and communication skills (both verbal and written), with the ability to clearly communicate and present to senior management
- Strong cross-functional business partnership, working as a trusted thought partner in supporting key business decisions and enabling strategic initiatives which help improve the organization’s financial performance
- Experience driving alignment on a common vision of success with key stakeholders to drive near and longer-term business results
- Strong track record of process implementation and transformation with a continuous improvement mindset
- Passionate, high-energy, and impactful team-player with ability to navigate a fast-paced environment
- Partner with the Chief Commercial Officer to drive and execute Mono-brand & Multi-brand strategies
- Provide financial and analytical leadership for long-range planning initiatives including supporting the Multibrand and Monobrand annual operating and 3-Year strategic financial plans in partnership with key commercial leaders
- Develop financial models that reflect an aligned approach between business imperatives, investment/capital expenditure strategy and profitability goals
- Prepare retail store pro-forma P&Ls and scenario analysis, in service of the brand’s retail expansion strategy
- Evaluate new multibrand partnerships and prepare partner pro-forma and actual P&Ls, including informing the negotiation of partner terms & conditions and new business models
- Develop rolling financial forecast including revenue, margin and operating expenses; as well as analyze key drivers of actual performance versus forecast/budget. Drive high level of accountability and ownership with commercial business leaders on performance management.
- Partner with the Planning function in managing inventory planning & forecasting for the Multibrand and Monobrand channels
- Support preparation of weekly/monthly/quarterly financial business reviews and other reporting for the senior leadership team and Board of Directors, including strategic/business insights and progress against key performance measures.
- Identify opportunities to elevate existing processes & tools to support long-term, sustainable growth
- Perform ad hoc analysis as needed to assist in management decision making
SKIMS specializes in designing and producing underwear, loungewear, and shapewear that cater to a variety of body types. Their products are crafted to be comfortable while enhancing the wearer's natural shape. The product line includes shapewear, stretchable underwear, and versatile loungewear, all aimed at meeting the needs of modern consumers who prioritize comfort and functionality. SKIMS primarily sells its products through its website, allowing for a direct-to-consumer approach that enhances brand control and profitability. This business model sets SKIMS apart from competitors by providing a seamless shopping experience and encouraging customers to purchase multiple items through bundles. The company's goal is to redefine standards in the apparel market by offering high-quality, stylish, and inclusive clothing options.
Company Stage
Series C
Total Funding
$701M
Headquarters
Culver City, California
Founded
2018
6 month growth
↑ 13%1 year growth
↑ 26%2 year growth
↑ 71%
Simplify's Take
What believers are saying
- The opening of permanent stores in key markets signals strong growth potential and increased brand visibility.
- A potential IPO could provide significant financial resources for expansion and innovation.
- Collaborations with high-profile celebrities and athletes, such as Lana Del Rey and WNBA partnerships, enhance brand appeal and market reach.
What critics are saying
- The reliance on Kim Kardashian's personal brand could pose a risk if her public image were to suffer.
- Expanding into brick-and-mortar retail involves significant costs and operational challenges that could impact profitability.
What makes SKIMS unique
- SKIMS leverages celebrity influence, particularly Kim Kardashian's brand, to create a strong market presence and consumer trust, unlike many competitors.
- The company's focus on inclusivity and body positivity sets it apart in the shapewear and loungewear market, catering to a wide range of body types.
- SKIMS' direct-to-consumer model allows for greater control over customer experience and higher profit margins, distinguishing it from brands that rely on third-party retailers.