Manager, Merchandise Planning
- Compensation
- Not disclosed
- Location
- Beverly Hills, CA
- Work setup
- Not specified
- Seniority
- Not specified
- Employment
- Not specified
- Experience
- 1+ years
- Category
- Not specified
- Posted
Skills
Must have
- Experience: Minimum 5–7 years of progressive experience in eCommerce planning and inventory management with at least 1–2 years in a supervisory/management capacity.
- Education: Bachelor’s degree in Finance, Economics, Business Administration, Accounting, or a related quantitative field.
- Retail Context: Proven track record in a fast-paced environment (Off-Price, Fast-Fashion, or high-volume E-commerce preferred) managing an OTB of $50M+.
Full description
ABOUT US
Fashion Nova is the world’s leading trend-to-market fashion and lifestyle brand with high-growth categories across its Women, Men, Kids and Beauty divisions. Renowned for delivering the most-wanted styles to millions worldwide, Fashion Nova earned the title of the Top 5 Most-Searched Fashion Brand on Google in 2022, alongside Louis Vuitton and Nike.
Founder & CEO Richard Saghian launched the brand in 2006, from a retail location in Los Angeles. After multiple store openings, Saghian launched the e-commerce website for Fashion Nova in 2013, pioneering a disruptive social commerce model of affordable, on-trend, size-inclusive clothing online– powered by an innovative, social media-first marketing strategy.
Today, Fashion Nova has amassed over 40 million social media followers, with annual sales of approximately $2 billion!
The brand’s name has been featured in chart-topping hit songs by Cardi B, Drake, 21 Savage, Saweetie, The Game, Tyga and Offset and its styles have been worn by many celebrities, artists and athletes including Meg The Stallion, Ice Spice, Chris Brown, Floyd Mayweather, Rick Ross, Kourtney Kardashian, and Kylie Jenner.
ROLE OVERVIEW
As the Planning Manager, you will serve as the financial architect of our product divisions, bridging the gap between creative vision and profitable growth. You will own the end-to-end strategic planning, forecasting, and inventory management processes to maximize sales, optimize margin, and mitigate inventory risk. This role requires a blend of rigorous data analytics, high-level financial acumen (OTB mastery), and collaborative leadership to guide cross-functional partners (Buying, Design, and Supply Chain) toward shared company targets.
KEY RESPONSIBILITIES
1. Financial Planning & Open-to-Buy (OTB) Ownership
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Strategic Forecasting: Develop and manage pre-season and in-season sales, margin, and inventory plans at the category, class, and subclass levels, aligning them with top-down corporate financial goals.
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OTB Management: Own the monthly Open-to-Buy process; proactively identify risks and opportunities, and recommend strategic shifts in receipt flow or pricing controls to maximize profitability.
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Margin Optimization: Drive profitability by managing product lifecycle pricing, including initial markup (IMU), promotional strategies, and markdown cadence to hit Gross Margin (GM) and Gross Margin Return on Investment (GMROI) goals.
2. In-Season Execution & Inventory Management
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Commercial Analysis: Analyze weekly, monthly, and seasonal sales performance, extracting actionable data trends to optimize in-season chase opportunities, re-orders, and order cancellations.