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Vice President of Merchandising

Location:Medina, MN
Employment Type:Full Time
Department:Corporate Office
Description:Directs the merchandising and buying functions to optimize sustained business growth in revenue and profit; develops, analyzes, prepares, interprets, and communicates
key merchandise information. Responsible for the development, communication and implementation of product strategy for the organization.
Duties:Merchandising
• Develops merchandising strategies across all categories that align strategically with the company’s objectives, brand strategies and overall merchandise strategy.
• Manages category business planning, assortment decisions, merchandising, sales promotion, price position, gross profit management, and GMROI.
• Develop/train Category Managers; manage team and increase internal talent to support company growth.
• Develop and enhance the Company’s vendor relationships and work with category managers to maximize those relationships.
• Aligns merchandising standards and processes to support seasonal planning for the marketing and selling channels.
Sourcing
• Manage international sourcing/global sourcing: Identify and execute strategy to leverage international sourcing.
• Continuously looks for alternate sources for products to optimize business performance.
Purchasing/ Inventory Control
• Holds primary responsibility for all inventory levels, performance, controls and accuracy.
• Ensure that merchandise and inventory plans are consistent with business unit sales plans.
• Works closely with marketing and selling units to ensure service level goals are met.
• Responsible for programs and compliance of all local, state and federal laws including customs.
• Ensures vendor agreements and compliance are meeting company policy.
Product Development
• Oversees the product development department.
• Ensures the financial performance of the proprietary products meet the strategic objectives of the organization.
• Provides leadership and direction for staff and develops the strategy to position the division capable of meeting the seasonal planning and growth needs of the organization.
Qualifications:• Bachelor’s degree in Business, engineering or related field. MBA preferred.
• 10+ years of management experience in inventory control and merchandising
• Proven experience/success in international sourcing/global sourcing.
• Proprietary product/R&D experience.
• Thorough understanding of Category Management; success in executing best practices.
• Proven success in employee growth/ development, training, and talent planning.
• Excellent analytical, mathematical, computer and organizational skills required.
• Strong negotiation skills
• Strong customer orientation


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