VP, Merchandise Planning and Inventory Management - RTW

Job Overview

We're looking for a strategic and results-driven leader to oversee merchandise planning and inventory management for our Ready-to-Wear category. As the Vice President, you'll shape the strategy, drive execution, and optimize inventory to ensure we meet financial goals while delivering an exceptional customer experience. This role is all about collaboration, working closely with teams across Merchandising, Marketing, and Supply Chain to keep us ahead of the curve in a fast-paced retail landscape.

What You Will Do

Lead Strategy & Drive Results

• Develop and execute merchandise planning and inventory management strategies to achieve sales, margin, and inventory turn goals.
• Partner with key leaders across the business to align financial planning and inventory strategies with company objectives.
• Stay on top of industry trends, forecasting best practices, and inventory optimization strategies to keep us competitive.

Optimize Merchandise Planning

• Lead the development of financial plans and seasonal buying strategies to meet market demand.
• Ensure accurate sales and inventory forecasts to support replenishment, markdowns, and localized assortments.
• Oversee replenishment processes to ensure the right products are available while keeping excess inventory in check.

Streamline Inventory Management

• Maintain a healthy inventory by implementing smart demand planning and balancing stock across different channels and regions.
• Find the right balance between maximizing sell-through, minimizing stockouts, and hitting financial goals.
• Work with Supply Chain and Logistics teams to improve inventory flow, reduce lead times, and enhance efficiency.

Own Financial Performance

• Manage open-to-buy (OTB) budgets to ensure we're meeting seasonal and annual targets.
• Lead key business reviews, sharing insights and recommendations with senior leadership.
• Analyze performance metrics (sales, margin, inventory turns) and adjust strategies as needed to stay on track.

Team Leadership

• Build and mentor a team of planners, analysts, and inventory managers to drive success.
• Foster a collaborative, high-accountability culture that values innovation and continuous improvement.
• Support team members' professional growth through coaching and development opportunities.
• Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities

Skills You Will Need

Drive Results: Proven ability to drive financial results and optimize inventory in a multi-channel retail environment.

Financial Modeling & Forecasting: Strong analytical skills with expertise in forecasting, financial modeling, and data-driven decision-making.

Executive Collaboration: Ability to align merchandise planning strategies with corporate objectives and work closely with senior leadership.

Cross-Functional Leadership: Experience leading and driving cross-functional projects.

Planning Systems Expertise Experience with merchandise planning systems, software, and business intelligence tools.

Strategic Mindset: A strategic, innovative mindset-someone who can turn data into actionable insights.

Leadership & Team Management: Effective leadership skills, driving results with minimal direction, and managing teams to execute innovative strategies.

Communication & Interpersonal Skills: Exceptional ability to communicate, negotiate, and influence others, fostering strong relationships and partnerships.

Detail-Oriented & Multitasking: High attention to detail with the ability to prioritize and manage multiple tasks simultaneously.

Who You Are

• Candidates with a bachelor's degree in business, merchandising, or a related field are encouraged to apply. MBA preferred. 15+ years of experience in merchandise planning, inventory management, or related roles-at least 10 years in leadership. Experience in ready-to-wear is a plus.
• Regularly required to sit, talk, hear; use hands/fingers to touch, handle, and feel. Occasionally required to move about the workplace and reach with hands and arms. Requires close vision.
• Able to work a flexible schedule based on department and company needs.

What We Can Offer You

Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Enjoy comprehensive health and wellness coverage and a 401(k) match to invest in your future. Prioritize your well-being with paid time off and eight paid holidays. Grow your career with continuous learning and leadership development. Plus, build community by joining one of our Colleague Resource Groups and make a difference through our volunteer opportunities.

Some additional benefits we offer include:

• Merchandise discounts
• Performance-based incentives
• Annual merit review
• Employee Assistance Program with mental health counseling and legal/financial advice
• Tuition reimbursement

Access the full menu of benefits offerings here.

This job description is not all-inclusive. Macy's, Inc. reserves the right to amend this job description at any time. Macy's, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.

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