Manager, Allocation
Lids · Indianapolis, IN · Yesterday
PurchasingFull-time
Principal Duties and Responsibilities
- Develop and execute allocation strategies to maximize sell-through and profitability while minimizing markdown exposure.
- Analyze sales trends and inventory levels to ensure appropriate stock positioning for core, promotional, and seasonal merchandise.
- Identify and resolve stock imbalances through allocation of receipts and replenishment inventory.
- Monitor SKU productivity, store turn, and weeks-of-supply to support assortment and inventory planning.
- Develop store ranking methodologies and distribution models to optimize merchandise flow.
- Build forward-looking inventory forecasts to support proactive planning and replenishment decisions.
- Analyze geographic and store-level performance trends to inform allocation strategies.
- Evaluate merchandise performance across departments, vendors, and locations to identify opportunities and risks.
Leadership & Cross-Functional Collaboration
- Lead, coach, and develop a team of Merchandise Analysts.
- Partner with Buying, Planning, Supply Chain, and Store Operations to execute inventory strategies.
- Ensure stores maintain appropriate inventory levels to support presentation standards and sales objectives.
- Support new store openings through inventory planning and distribution coordination.
Additional Principal Duties And Responsibilities
- Communicate recommendations regarding store needs, distribution strategies, and sizing requirements.
- Lead discussions on product trends and category performance to inform inventory strategy.
- Oversee and synchronize merchandise movement including replenishment, transfers, and new store distributions.
- Participate in the design and implementation of location-specific inventory planning initiatives.
Job Required Knowledge And Skills
- Bachelor’s degree in Marketing, Business, Fashion Merchandising, or related field and/or equivalent retail experience.
- Prior allocation or merchandise planning experience required.
- Strong retail math and analytical skills.
- Advanced proficiency in Microsoft Excel.
- Ability to analyze large volumes of data and translate insights into action.
- Strong decision-making and problem-solving abilities.
- Demonstrated leadership and team development experience.
- Excellent verbal and written communication skills.
- High attention to detail with strong organizational skills.