Director, Divisional Merchandise Planning

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 20,000 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!

Responsibilities

Leadership and Strategy Development:

• Lead a team of retail planners in developing and executing divisional merchandise planning strategies.
• Present merchandise financial plans and inventory strategy to senior leaders and create alignment among key stakeholders.
• Manage all in-season revisions, forecasting to Merchandising Plans and Open-to-Buy for assigned area.
• Set clear goals and targets for the divisional planning team, aligning with overall company objectives.
  
  

Forecasting and Planning:

• Oversee the development and maintenance of divisional merchandise assortments, ensuring alignment with customer demand, trends, and financial goals.
• Analyze historical sales data, current trends, and customer behavior to inform future inventory levels and product mix.
• Develop and monitor sales forecasts, adjusting plans as needed to optimize sales and minimize inventory risk.
• Analyze total company sku productivity and cascade guidance to Planning Managers by division to support company goals.
• Collaborate with buying and merchandising teams to ensure that the right products are available in the right quantities at the right time.
  
  

Financial Management:

• Develop and manage divisional merchandise budgets of $500M -$800M, ensuring alignment with financial targets and business objectives.
• Monitor and analyze sales performance, inventory levels, and other key metrics to identify opportunities for improvement.
• Work with cross-functional teams to develop pricing and promotional strategies that maximize profitability while meeting customer needs.
  
  

Team Management and Development:

• Provide leadership, coaching, and support to the divisional planning team, fostering a culture of collaboration, accountability, and continuous improvement.
• Conduct meetings with Merchandising Planning team to communicate opportunities or risks to the plan and changes in strategy to maximize profits.
  
  

Stakeholder Engagement:

• Build strong relationships with internal stakeholders, including buying, merchandising, allocation, and marketing teams, to ensure effective collaboration and alignment.
• Serve as a key point of contact for senior leadership, providing regular updates on divisional merchandise planning strategies, performance, and results.
  
  

Qualifications

• 8-10 years of experience in a retail or wholesale environment, including time spent managing multiple direct reports
• 4 Year College Degree (preferably in Business)
• Strong problem-solving skills, utilizing technical expertise and good business judgment in support of operational and strategic objectives.
• Proven capability to manage in a high-growth, demanding, and rapidly changing corporate environment.
• Demonstrated ability to produce results by leveraging resources and managing key initiatives effectively.
• Advanced knowledge of retail math and business acumen, including margin planning, sales forecasting, and inventory productivity measures
• Ability to work and communicate effectively with all levels of staff and management
• Strong leadership and team management skills, with the ability to motivate and develop a high-performing team.
• Advanced proficiency in Excel, Word, and PowerPoint
• Prior experience with merchandising and planning systems
• Knowledge of PowerBI, Microstrategy, and 09 MFP a plus
  
  

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

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