What are the responsibilities and job description for the Director, Planning Factory Outlet position at Adidas?
Director Planning- Factory Outlet
Purpose & Overall Relevance for the Organization
Create, drive and manage sales, margin and profitability strategy and targets for Factory Outlet in North America Retail. Responsible for Factory Outlet seasonal strategy, managing store inventory levels, open to ship, pre-season planning, monthly forecasting, reporting and hind sighting.
Key Responsibilities
- Annual Seasonal Strategy Creation
- Establish annual budget framework, planning process and strategy for Factory Outlet. Lead strategy for monthly forecasting with planners. Communicate these plans to Finance partners and Buying team.
- Develop and drive long term strategies that lay out the plans for future growth and profit improvements.
- Partner with Factory Outlet Buying Team, BUs and Range Architecture to create space planning/option count plans based on historical analysis and Retail strategy.
- Manage team’s execution of analysis and recommendations of unit count by store for Factory Outlet.
- Financial/Inventory Management
- Oversee seasonal open-to-buy reconciliation to ensure financial KPIs tie out to financial strategy for Factory Outlet.
- Provide guidance and recommendations to management regarding complex issues related to the financial impact of business KPI’s.
- Own the receipt/inventory and markdown checkbook. Partner with Factory Outlet Buying and Finance on decisions that would affect these top line roll ups.
- Oversee planning organization in driving the open-to-buy process with monthly meetings with the Buying teams for Factory Outlet.
- Reporting and Analytics
- Lead Factory Outlet Planning team to set weekly/daily/seasonal distribution and replenishment strategy for all concepts by analyzing sales trends, profit, turn, WOS, article counts and goals.
- Create Retail reporting framework and oversee delivery of accurate and timely management reporting products (historical results, forecasts, budgets) on an ad-hoc, monthly, quarterly and annual basis.
- Cross Functional Partnerships
- Partner with Operations, Finance, SCM and Buying teams to create alignment to support retail profit strategies and network inventory KPIs.
- Establish a best practice for Factory Outlet product flow for each season.
- Team Development
- Ensure that everyone on the assigned planning team is receiving the training and development that they need to be successful.
- Create mentoring opportunities for team members.
- Develop career mapping for assigned planning team.
Key Relationships
- Retail Buying Teams – Factory Outlet
- Retail Store Operations Team
- Retail Operations Team
- Market Finance Team
- Supply Chain (SCM)
- Visual Direction and Marketing Teams
Knowledge, Skills and Abilities
- Excellent interpersonal and communication skills, including strong and flexible personality, to build relationships.
- Requires strong retail math and financial acumen.
- Ability to analyze, synthesize and make business decisions from statistical information.
- Ability to forecast consumer traffic trends and category opportunities 9-24 months in the future.
- Ability to create strategic financial plans to drive topline revenue and profitable growth.
- Requires complex decision making based on statistics, trends and opinions.
- Requires strong presentation skills with focus being on oral and written communication skills.
- Requires proficiency on MS Office Excel, Word, Outlook and Power Point.
- Requires making complex decisions that will have a major effect on success of business.
- Requires mental stamina to remain positive and approachable during times of stress.
- Requires ability to be able to interact comfortably with a diverse range on individuals and personalities.
- Requires ability to consensus build and work through corporate organizational structure.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Ability to write reports, business correspondence, and procedure manuals.
- Strong negotiating and influencing skills.
- Proven ability to lead and develop teams.
- Ability to drive consensus and collaboration across functional groups.
- Ability to travel by air domestically and internationally as need, in some cases with limited or no notice.
Requisite Education and Experience / Minimum Qualifications
- Bachelor’s Degree from a four-year college or university preferred emphasis on business/finance
- A minimum of 10 years financial/business analysis, modeling and forecasting experience.
- A minimum of 10 years’ experience in a retail environment
- A minimum of 5 years managing a team
Other Notes:
- Diversity, Equity, and Inclusion at adidas means championing individual uniqueness and cultivating a culture of belonging in which everyone can create at their best. We embrace diverse backgrounds, experiences, and perspectives and seek to create a workforce that reflects our consumers and communities.
- adidas offers robust and progressive medical, including HSA (Health Savings Account) with employer funding or FSA (Flexible Spending Account) options, dental, vision, prescription drug coverage, adoption, with surrogate and fertility support, short and long-term disability, and basic life and AD&D insurance, which can be supplemented with employee-paid coverage. Employees are able to enroll in adidas’ 401k plan and Stock Purchase Plan with employer match. Full-time employees are eligible for education assistance and generous Leave policies including 12 weeks of paid parental leave.
- Employees are eligible to earn an annual bonus based on both company and personal performance. Employees accrue prorated flexible time off in the amount .4388 hours per day that increases with years of service, eleven paid holidays throughout the calendar year and Service Time Off during milestone years.
- We officially returned to office in a hybrid work environment, working 3 days in office and 2 days remote. The working location of this position is Portland, Oregon.
- Though our teammates hail from all corners of the world, our working language is English.
AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE’S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE: THIS IS HOW WE WIN WHILE PLAYING FAIR.
COURAGE: Speak up when you see an opportunity; step up when you see a need..
OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-through.
INNOVATION: Elevate to win. Be curious, test and learn new and better ways of doing things.
TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.
INTEGRITY: Play by the rules. Hold yourself and others accountable to our company’s standards.
RESPECT: Value all players. Display empathy, be inclusive and show dignity to all.
ADIDAS CELEBRATES DIVERSITY, SUPPORTS INCLUSIVENESS AND ENCOURAGES INDIVIDUAL EXPRESSION IN OUR WORKPLACE. WE DO NOT TOLERATE THE HARASSMENT OR DISCRIMINATION TOWARD ANY OF OUR APPLICANTS OR EMPLOYEES. WE ARE AN EQUAL OPPORTUNITY EMPLOYER.
JOB TITLE:
Director, Planning Factory Outlet
BRAND:
adidas
LOCATION:
Portland
TEAM:
Retail (Back Office)
STATE:
OR
COUNTRY/REGION:
US
CONTRACT TYPE:
Full time
NUMBER:
501729
DATE:
Sep 19, 2023
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