What are the responsibilities and job description for the Allocation Analyst position at GUESS, Inc.?
POSITION TITLE: Allocation Analyst
POSITION PURPOSE:
The Allocation Analyst is responsible for managing and optimizing in-store inventory that drives sales, margin and store performance for the company through the formulation and execution of effective allocation strategies. The Allocation Analyst is a highly collaborative role and partners closely with a variety of cross functional teams.
ESSENTIAL FUNCTIONS:
Plan and allocate monthly Floor set initial allocations through Store/Product Volume Ranking Indexes and Allocation Plan analysis. Allocate and manage weekly Fashion replenishment based on analysis of store performance, trend and product performance, and promotional, event, visual and marketing needs. Allocate and manage Basic Replenishment based on models and stock balancing ensuring store in-stock position. Work closely with Merchants and Planners to collaborate and execute allocation strategies, understand and incorporate Retail strategies (Visual, Product, Marketing, Promotional) ensuring alignment with cross-functional partners.
Analyze and update size profiles by store by product category that are integrated into allocations both initial and replenishment. Develop and provide appropriate ad-hoc analysis and recommendations to influence buy plan and assortment strategies.
Develop thorough knowledge of store, district, and regional level performance, variances, trends and attributes (store and product) through extensive data analysis and communication with the field and applying knowledge to allocation strategies.
Develop, allocate and monitor store opening assortment and unit plans for both new stores and remodel stores that ensure appropriate opening stock levels.
EDUCATION: Bachelor's Degree
YEARS OF EXPERIENCE: 0-2 Years