A Merchandise Planning Director is responsible for overseeing the strategic planning and management of merchandise inventory to maximize sales and profitability. This role involves analyzing market trends, coordinating with cross-functional teams, and ensuring that the product assortment aligns with company goals.
Key Responsibilities
Develop and implement merchandise planning strategies.
Analyze sales data and market trends to forecast demand.
Collaborate with buying and marketing teams to optimize product assortments.
Top Skills for Success
Analytical Thinking
Inventory Management
Strategic Planning
Career Progression
Can Lead To
Senior Merchandise Planning Manager
Merchandise Planning Analyst
Transition Opportunities
VP of Merchandising
Chief Merchandising Officer
Common Skill Gaps
Often Missing Skills
Advanced Data AnalyticsSupply Chain Optimization
Development SuggestionsConsider taking courses in data analytics and supply chain management to bridge these gaps.
Salary & Demand
Median Salary Range
Entry Level$85,000 - $100,000
Mid Level$100,000 - $130,000
Senior Level$130,000 - $160,000
Growth Trend
The demand for Merchandise Planning Directors is stable, with a steady growth expected as companies focus on data-driven decision making in inventory management.
Companies Hiring
Major Employers
WalmartTarget
Industry Sectors
RetailE-commerce
Recommended Next Steps
1
Network with professionals in the merchandising field.
2
Attend industry conferences to stay updated on trends.
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