A retail merchandiser is the one who runs the show in the true sense. It is him who has the responsibility of ensuring that the merchandise reaches the right store at the right time and in the right quantity. He makes sure that all the products are up to the mark for their stores.
Your work as a retail merchandiser involves working closely with the buying team to accurately forecast trends that would be in vogue for the upcoming season. Also you need to plan the stock levels and monitor the response of the merchandise. While buying is not on your job profile, you need to devise related details like the budget for purchase, Number of lines to be created, and in what quantities. You need to ensure whether the purchases have been made at the correct price and also need to plan for the promotions and markdowns as and when required.
The employers would want to recruit the best for this job as the sales and the company image would to a great extent depend on the decisions made by the retail merchandiser. They usually prefer to recruit a person whose qualification includes a business or mathematical subject, such as marketing, retail management, business management, or economics. Some retailers have also made available a few training programmes and schemes for new entrants. You job profile demands more of office work but you might have to travel to visit stores and suppliers, and to attend trade shows.
We can comprehend that the role of a retail merchandiser is vital for a brand. So if he plays such a vital role without which the merchandise cannot make it to the stores, his demand would always be there. With more names joining the retail bandwagon, we can see a lot of opportunity and growth in this sector.
Retail Merchandiser Assistant > Retail Merchandiser > Senior Merchandisers > Retail Merchandising Manager > Retail Merchandising Director
- Planning product ranges and preparing sales and stock plans in conjunction with buyers
- Liaising with buyers, analysts, stores, suppliers and distributors
- Forecasting profits and sales
- Optimising the sales volume and profitability of designated product areas
- Planning budgets
- Controlling stock levels based on forecasts for the season
- Gathering information relating to the customer’s response for products
- Analysing previous season's sales and reporting on the current season's lines
- Identifying production and supply difficulties and dealing with them as and when they occur
- Managing, training and supervising staff
- Tracking the delivery of stock, ensuring goods arrive on time and meet quality standards
- Visiting stores to see how products are selling.
- Fashion retailers
- Department stores
- Multiple chain stores
- Wholesale suppliers
- Internet retailers and television shopping providers.