Location: China Mainland
State/Province/City: Shanghai
City: Shanghai
Business Unit: Store Support Centre (SSC)
Exit Planner
Description & Requirements
Who we are
lululemon is an innovative performance apparel company for yoga, running, training, and other athletic pursuits. Setting the bar in technical fabrics and functional design, we create transformational products and experiences that support people in moving, growing, connecting, and being well. We owe our success to our innovative product, emphasis on stores, commitment to our people, and the incredible connections we make in every community we are in. As a company, we focus on creating positive change to build a healthier, thriving future. That includes creating an equitable, inclusive, and growth-focused environment for our people.
About this role
As part of the Merchandise Planning Team, the Exit Planner is responsible for the inventory management of all exit channels, focusing day to day on all liquidation avenues – outlets, markdown campaigns, online events, write-off opportunities and other strategic initiatives. The Exit Planner supports the Business in accurate forecasting of our exit sales and inventory position; assessing future needs and devising strategies to manage accordingly. The goal is to support the business in providing a premium brand experience by planning and executing clearance strategies to maximize sales and appropriate margin levels.
A day in the life:
Reporting to the Exit & Store Planning Senior Manager, this position is responsible for the day to day analytical and planning tasks required to manage and execute exit inventory movement and strategies; including, but not limited to, category sales targets, markdowns, gross margin and productivity measures.
• Develop sales and inventory financial plans for the exit channel by category and store
• Analyze and reflect current trends to revise in-season plans for sales and profitability -
o Make financial recommendations in order to maximize sales, margin and inventory productivityo Work closely with Finance counterparts to align store financial targetso Manage cross-channel transfers and adjust inventory flow accordinglyo Communicate forecasts within the team and cross-functionally
• Work closely with outlet store management and Digital partners to assess inventory needs and action store allocations/DC transfers accordingly
• Partner with Planning team to plan full price channels markdown events; ensuring successful execution to reduce Exit stock liability
• Project future Exit merchandise financial plans to work with leadership on Exit channel needs (e.g markdown events, additional outlet opportunities etc.)
• Exhibit initiative to look beyond the everyday business to look for opportunities to maximize sales potential
• Provide other analysis related to driving business goals (e.g. post-event hindsights etc.)
Qualifications:
• Undergraduate degree in Retail merchandising, business or finance – or related field
• 3-5 years of merchandise planning or inventory management experience in a vertical or global Retailer
• Experience working with sales and inventory forecasting systems or excel based templates
• Understanding of exit/markdown strategy and planning preferred but not essential
• Advanced-expert knowledge of Excel is required
Must haves:
• Acknowledges the presence of choice in every moment and takes personal responsibility for their life.
• Possesses an entrepreneurial spirit and continuously innovates to achieve great results.
• Communicates with honesty and kindness, and creates the space for others to do the same.
• Leads with courage, knowing the possibility of greatness is bigger than the fear of failure.
• Fosters connection by putting people first and building trusting relationships.
• Integrates fun and joy as a way of being and working, aka doesn’t take themselves too seriously.
Only those applicants under consideration will be contacted. Please accept our utmost appreciation for your interest. lululemon is an Equal Employment Opportunity employer. Employment decisions are based on merit and business needs, and not on race, color, creed, age, sex, gender, sexual orientation, national origin, religion, marital status, medical condition, physical or mental disability, military service, pregnancy, childbirth and related medical conditions or any other classification protected by federal, state or provincial and local laws and ordinances. Reasonable accommodation is available for qualified individuals with disabilities, upon request. This Equal Employment Opportunity policy applies to all practices relating to recruitment and hiring, compensation, benefits, discipline, transfer, termination and all other terms and conditions of employment. While management is primarily responsible for seeing that lululemon equal employment opportunity policies are implemented, you share in the responsibility for assuring that, by your personal actions, the policies are effective.
lululemon is committed to providing reasonable accommodation to applicants with disabilities. If you would like someone from our team to contact you for individualized support, email us ataccommodations@lululemon.com. In your email, please include the position title, the location of the position and the nature of your request.