Planning Manager, HBX
Hong Kong /
HBX (E-Commerce) – Buying/Merchandising /
Full-time
/ Hybrid
Established in 2012, HBX is a global e-commerce platform and retail destination carrying over 250 curated brands from both established and up-and-coming menswear, womenswear and lifestyle labels. HBX focuses on delivering the latest, trend-setting fashion, accessories, shoes, home and lifestyle goods to its customers, curating a truly global and exciting assortment at the leading edge of culture. With the HBX e-commerce platform shipping to over 70 markets worldwide, it has one retail store in Hong Kong and its US-based flagship store in New York at 41 Division Street. HBX also has a very active digital community on Instagram, Facebook, Twitter, LINE, WeChat, RED, Kakao, and more.
HBX is looking for a Planning Manager to oversee delivering budgeted sales and profit targets, through effective trading, stock management, re-ordering and markdowns for our global ecommerce and retail business. Within this role, you will think with a global mindset; strategically identifying opportunities to exploit markets with high profit returns to positively impact the inventory and COGS position.
Responsibilities:
- Plan seasonal Open-To-Buy in partnership with Buying Manager; driving improvement in the buying and merchandising cycle including sales, sell through and capacity analysis, and inventory turn for all categories.
- Devise long and short-term merchandising plans based on past sales figures and trends.
- Provide sophisticated analysis and reporting on a daily, weekly, monthly and ad hoc basis on sales and stock position for HBX. Elevate existing reporting and processes, and introduce new ways to improve effectiveness and efficiencies with cross-departmental leads.
- Make recommendations on pricing and promotional events cadence to maximize sales potential and profit margins. Drive pricing strategy and monitor effectiveness in-season.
- Partner with Buying counterparts to ensure alignment on strategic initiatives and development opportunities. Monitor performance and signal recommendations for re-orders.
- Develop effective forecast models and demand assumptions to ensure that financial objectives align with product opportunities, utilize historical data and current trends to capitalise on new opportunities and identify risks.
- Work side by side with Buying team for the most up-to-date market information and customer behaviours.
- Perform strategic merchandising plan through various market research, analysis and forecasting to achieve company’s business objective and customers’ expectations.
- Analyse sales figures, customers’ reactions and market trends to anticipate product needs and plan product ranges and stock.
- Proactive in price negotiation and sourcing of vendors to meet requirements, conduct cost analysis.
- Monitor vendor performance in terms of price, quality and delivery as well as responsiveness.
- Partner with Finance to project intake relative to payment schedules.
- Continually improving forecast and inventory accuracy with Supply Chain, Finance, and Buying teams.
Requirements:
- Degree in Merchandising, Design, Textile, Fashion or related disciplines preferred.
- Min 6 years of experience in buying/merchandising; experienced in P&L management is highly preferred.
- Knowledge in e-commerce is an advantage; multi-brand retail a plus.
- Good communication, analytical and problem solving skills.
- Excellent command of spoken and written English.
- Good command of retail math concepts, applications and statistical analysis – OTB, inventory management concept.
- Advanced Microsoft Excel, Powerpoint and ability to adapt to new systems
- Solid PowerBI and/or Tableau experience or equivalent BI tools
- Highly collaborative and partners well with a variety of cross-functional and cross-regional teams.
If you think you’ve got what it takes, please provide your cover letter, CV and expected salary.
This position is based and located in Hong Kong. Candidate must be eligible to work in Hong Kong.
Personal data collected is for recruitment purpose only.
