Pricing Analyst
Pricing Analyst Role
The Pricing Analyst will drive the analysis and execution of the Pricing and Promotions strategy and tactics. Strong analytical and math skills are required, along with experience manipulating large data sets using internal data warehouse system. Proven collaboration skills are required to create strong cross-functional relationships with Category Management, Marketing, Store Operations, and Inventory.
Major Activities
Be the pricing expert for assigned categories of product.
Create in-depth pricing architecture reviews for cost changes, competitive and merchant strategy shifts.
Track and measure effectiveness of retail changes.
Present to Manager and Merchant partners recommendations to influence decision making.
Understand Merchant product attributes and category positioning in the marketplace.
Participate in Model Store projects/reviews to understand Merchant strategies.
Partner with Manager to construct weekly promotional plans for each Merchant department by utilizing various data sources.
Monitor and analyze results weekly to develop skills in recommending changes for in-season and future promotions.
Maintain high-level seasonal promotion charts for Merchant teams.
Maintain markdown ladders for Pricing Manager & Sr. Pricing Analyst.
Affiliate in quarterly markdown ladder reviews for auditing purposes.
Maintain awareness of marketplace competition pricing and promotion activity leveraging web scraping tools, in-store and on-line comp shops.
Perform web scraping validation of competitive matches.
Perform ad hoc comp shop projects for Manager and Merchant team.
Support Pricing Director with ownership of an assigned pricing report for the Pricing Advisory team.
Other Duties
As Assigned
Qualifications
Minimum Education: Bachelor’s Degree related to business, mathematics, statistics, finance; or equivalent experience
Minimum Type Of Experience: The Job Requires Minimum 2 years in a corporate business setting Analyst role in analytical function
Minimum Special Certifications Or Technical Skills: Proficient with Microsoft Suite including Power Point, Word, Outlook and intermediate to advanced MS Excel required (vlookups, pivot tables, formula writing, etc.)
Preferred Qualifications
Preferred Education: Bachelor’s Degree related to business, mathematics, statistics, or finance.
Preferred Type Of Experience: 2+ years’ experience in a corporate retail setting. Experience as a pricing professional, planner, or merchant.
Benefits
At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com. At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit www.michaels.com. Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together. Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).