Planner

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they'll tell you there's no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It's all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

POSITION SUMMARY

The Planner at Five Below is crucial in ensuring a retail business's success. As a Planner, you will work with the retail team to analyze, forecast, and plan the merchandise for the business. The Planner is a critical role that helps a retail business to plan and manage its merchandise effectively, ensuring the right products are available to customers at the right time and the right price.

RESPONSIBILITIES

• Collaborate with the Buying team to understand customer trends and preferences.

• Use data analysis tools and software to assess sales trends and customer demand.

• Develop and maintain product assortment plans based on sales data, customer demand, and financial goals.

• Create and monitor sales forecasts for individual products and categories.

• Collaborate with the allocation and replenishment teams to optimize inventory levels and ensure products are available for customers.

• Track and analyze product performance to identify opportunities for improvement or adjustments to the assortment plan.

• Prepare regular reports on sales performance, inventory levels, and other key metrics.

• Support the buying team with product pricing and promotional strategies.

• Provide input on new product launches and seasonal merchandise planning.

• Stay informed about industry trends and the competitive landscape to inform assortment planning.

• Forecasting Abilities:

• Develop accurate sales forecasts based on historical data, market trends, and other relevant factors. Strong understanding of demand patterns and anticipate changes to optimize inventory levels. Comfortable working with databases and extracting insights from large datasets to support decision-making. Sales $50M= $200M

• Inventory Management:

• Planners need to monitor inventory levels, analyze sell-through rates, and implement strategies to optimize inventory turnover while minimizing excess stock.

• Seasonal vs replenishment - greater than 50% replenishment

• Assortment Planning:

• Support the merchandising process by providing assortment plans including breadth and depth targets to meet financial plans taking into account variations in demand by store volume and regional preferences.

• Count of items 500 - 1500

• Adaptability and Flexibility:

• Given the rapid rate of changes both internally and externally, Planners should be adaptable and flexible, able to adjust plans quickly in response to emerging trends or unexpected events to maximize opportunities and mitigate risks.

QUALIFICATIONS

• Bachelor's degree in business, Retail Merchandising, or a related field.

• Previous experience in retail Planning, Buying, or Merchandise Analysis.

• Strong analytical skills with the ability to interpret data and make informed decisions.

• Proficiency in using data analysis tools such as Excel, Tableau, or other software.

• Excellent communication and interpersonal skills.

• Strong organizational skills with the ability to manage multiple priorities and deadlines.

• Knowledge of retail math and financial concepts.

• Experience working with cross-functional teams.

• Retail industry knowledge and understanding of customer behavior and preferences.

• Ability to adapt to a fast-paced and dynamic retail environment.

• Must be Philadelphia-based or willing to relocate.

Five Below is an Equal Opportunity Employer

Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered-check it out today! benefits.fivebelow.com/public/welcome

Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.

Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new

BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below's Career Site to verify the posting. fivebelow.com/info/careers