The Analyst assists in all aspects of global merchandising for Accessories products which include leather goods (HB and SLG), men’s accessories, fashion textiles, belts, key rings, eyewear, fragrance, and pets. Responsibilities include new product planning, pricing, assortment & lifecycle planning, e-commerce guidance and reporting. The Analyst leads category reporting, managing the new product architecture, setting new product pricing, setting PDP guidance (web copy & shot direction), conducting competitive reviews and ensuring timely and accurate systematic product maintenance. The Analyst supports the Director in managing the global product offering and assortment tiers, writing design briefs, conducting lifecycle planning and executing ad hoc strategic projects. Effective cross-functional communication is critical to success in this role.
Key Accountabilities:
New Product Planning
Manage style/sku architecture for Accessories and maintenance of all new product systems and reporting tools
Manage communication flow of new product updates relating to line plans and assortment buy sheets with cross-functional partners, including PD, Design, DP, RP, CVM, Marketing, PR, and regional teams
Conduct seasonal competitive analysis to understand competitive landscape and to identify new product and pricing opportunities
Partner with Retail Operations and create seasonal product knowledge deck/product catalogue
Support Director in writing seasonal design briefs and launch decks
Pricing
Set sku-level pricing strategies to drive margin in line with divisional objectives
Maintain proper pricing relationships among internal comps with consideration of competitive comps
Prepare pricing tools for formal price changes and partner with Director in setting pricing recommendations
Set pricing for all regional and channel exclusive requests
Resolve any ad hoc pricing discrepancies and manage off-cycle price change process
Assortment Analysis and Life-Cycle Planning
Support Director in setting baseline assortment strategies for new and existing product to maximize sales and inventory productivity while ensuring cohesive in-store displays
Partner with Retail Analyst to ensure assortments for new product are set within proper lead times for cross-functional planning; track feedback from cross-functional teams and recommend shifts in assortment baselines accordingly
Assist CVM in planning for visual directives and in-store merchandising by communicating new product plans and shifts in assortment strategies
Support Director in conducting regular category assortment reviews to identify opportunities for new product introductions, assortment expansion/contractions and product discontinuations
Support Director in preparing tools/analyses for any ad hoc assortment projects
E-Commerce
Manage process for launching new product on Tiffany.com relating to web copy, product mapping and photography needs
Provide initial shot direction to Creative teams
Review and approve web copy submitted by Copy team, providing recommendations for enhanced copy and sharing competitive insights where relevant
Partner with PD and QA to gather all necessary product details for web copy and ensure all information is accurately listed
Conduct competitive reviews to ensure all information on PDPs are aligned to industry standards
Update and validate pre-existing PDPs to align with evolving standards by partnering with Global Ecommerce, Copy, and Creative team
Reporting and Cross-Functional Communication
Update, validate and distribute all category reporting with relevant sales highlights, including visual grids, sales reports, hindsight decks, and product plans
Support Director in preparing materials for executive meetings and conferences
Support Director in completing ad hoc strategic projects
Additional Responsibilities
Manage systematic updates for all Accessories product as needed
Recommend seasonal products to highlight in Marketing and PR materials
Validate product and pricing information in all Marketing, PR and CVM collateral
Address all inquiries from Stores, Retail Operations, and other cross-functional teams in timely fashion
Work with IT to resolve merchandising system issues as needed
Required Qualifications:
Minimum 3 years of experience
Bachelor's degree
Desire to work in a team-oriented and collaborative environment
Detail oriented with strong organizational skills
Ability to prioritize, multi-task and meet shifting deadlines
Analytical mindset, thinks strategically and demonstrates a desire to learn
Advanced Excel skills and adaptability to new software and systems
Strong verbal and written communication skills
Preferred Qualifications:
Previous merchandising or buying experience from luxury leather goods brands
Self-motivated with strong drive for achievement
Comfort working in a highly dynamic environment
The hiring range for this position ranges from $74,035 - $87,100. The rate of pay offered will be dependent upon candidates’ relevant skills and experience.
Seniority level
Associate
Employment type
Full-time
Job function
Strategy/Planning and Product Management
Industries
Retail Apparel and Fashion, Retail, and Retail Luxury Goods and Jewelry
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