What are the responsibilities and job description for the SVP, Product position at MeUndies?
MeUndies is a Los Angeles, CA-based underwear and loungewear company best known for its softer-than-soft basics. Founded in 2011, MeUndies disrupted the $110B underwear industry with the first online underwear subscription. Since then, the brand has inspired a passionate community of undie-obsessed individuals with its bold, comfortable products. And that’s only the beginning…
Today MeUndies has sold more than thirty million pairs of underwear and is profitable with double-digit YoY growth. It continues to redefine the subscription market by evolving the transactional subscription to a membership centered on community and relationships with the brand.
The innovative direct-to-consumer brand offers multiple purchasing options, including singles, packs, matching pairs, and monthly membership.
Please note that this is a hybrid position of 4 days/week in our Los Angeles office
We’re looking for a strategic leader to join our team as Senior Vice President of Product, leading Merchandising, Design, Product Development and Production Teams in building out the product roadmap and identifying short-term and long-term opportunities for growth.
This role will be responsible for the creation and execution of new product lines, seasonal assortment strategies, category growth, sourcing and pricing strategies to meet the needs of our consumer and deliver against strategic and financial company objectives.
This position requires a blend of excellent analytical, organizational and leadership skills in addition to experience managing and building omni-channel product teams.
What You'll Do
WHY WORK AT MEUNDIES?
It's more than a job.
We have focused on building a team of people who emulate our core values. We look for people who stay balanced, go further, build relationships, champion differences, and are humble. At MeUndies, we continue to maintain a stellar brand by working collaboratively and encouraging growth with learning opportunities. There is no such thing as a small achievement here - we celebrate it all!
We look at the necessities.
We offer competitive equity/salary packages, including targeted annual bonuses, generous parental leave, a 401k, fantastic health benefits, open time off, and more.
We have an office you’ll enjoy going to.
We work in our office Monday - Thursday. Friday is a remote/work-from-home day. We’re set up to support comfortable working - hot desks, lounge, and casual seating areas, a Mother’s Room, an on-site gym & shower, and a kitchen that makes you feel like you’ve never left home. We’re dog-friendly, so your furry coworker can join you anytime.
We don’t forget the most important things.
We want MeUndies to be a place where you feel safe and comfortable, and we encourage our employees to hold us accountable for keeping it that way. We encourage open communication and a People Ops team that is ready to help. When you work at MeUndies, we take your needs as an employee (and a person) seriously. Our doors are always welcome to feedback and suggestions!
Plus those special extra things.
We also know how important it is to connect with your team members outside of everyday work. We offer catered lunches every in-office day, holiday parties, off-sites, happy hours, and an annual retreat. You’ll also get a sweet employee discount to rebuild your underwear drawer with our top-notch prints.
MeUndies is an equal opportunity employer and is committed to providing a workplace and hiring process free from discrimination. All employment decisions will be made, and all qualified applicants will be considered, without regard to age, race, creed, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), ethnicity, national origin, ancestry, disability status, veteran status, genetic information, marital status, citizenship status or other legally protected characteristic protected by federal, state, or local law. In addition, MeUndies will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.
Today MeUndies has sold more than thirty million pairs of underwear and is profitable with double-digit YoY growth. It continues to redefine the subscription market by evolving the transactional subscription to a membership centered on community and relationships with the brand.
The innovative direct-to-consumer brand offers multiple purchasing options, including singles, packs, matching pairs, and monthly membership.
Please note that this is a hybrid position of 4 days/week in our Los Angeles office
We’re looking for a strategic leader to join our team as Senior Vice President of Product, leading Merchandising, Design, Product Development and Production Teams in building out the product roadmap and identifying short-term and long-term opportunities for growth.
This role will be responsible for the creation and execution of new product lines, seasonal assortment strategies, category growth, sourcing and pricing strategies to meet the needs of our consumer and deliver against strategic and financial company objectives.
This position requires a blend of excellent analytical, organizational and leadership skills in addition to experience managing and building omni-channel product teams.
What You'll Do
- Develop, lead and communicate overall product strategy & roadmap for all categories across all distribution channels, leveraging data, market trends and insights to achieve company financial objectives
- Partner with Planning, Finance, Wholesale, Ecommerce and Operations teams to understand, influence and drive business objectives/customer needs, and identify category/product opportunities
- Partner closely with key functional areas to build a 360° go-to-market strategy including Marketing, Creative, Site Merchandising, Digital Product, Wholesale and Customer Experience
- Drive the evolution of new product concepts into achievable business strategies
- Lead merchandising, design and product development teams to build and execute upon product category roadmaps and brand strategies
- Build an integrated line plan framework to edit/assort product collections that both draw the customer in and drive results
- Identify product opportunities through regular hindsighting, incorporating macro trends, consumer research, cross-functional feedback and sales performance analysis
- Identify, assess and address in-season risks and opportunities to drive revenue and achieve financial targets
- Oversee creation of new product concepts, product designs, and line plans based on comprehensive knowledge of customers, brand and industry trends
- Lead Design and Product Development throughout the entire conceptual and commercialization process
- Develop and maintain the company sourcing strategy including vendor selection and evaluation, competitive sourcing and factory risk mitigation
- Prioritize product development projects in relation to the company’s strategic vision
- Deliver assortments that bring stories to life in a compelling and relevant manner for the target consumer
- Lead the development of a competitive organizational pricing strategy to drive financial performance across all categories
- Ensure that company deadlines are met in order to deliver product on a timely basis
- Empower and challenge department leads to drive category growth using data and competitive analysis
- Support pricing and promotional decisions in partnership with operations and finance teams to drive sales while improving margin
- Collaborate with wholesale team to develop assortment vision & channel strategy
- Support key wholesale account relationships
- Lead product team in using data to forecast trends and plan product assortments
- Deliver value creation, cost reduction and quality improvement while achieving category margin targets
- Drive development of analytical tools & reports to effectively manage performance KPIs
- Minimum 15 years of relevant industry experience required
- Minimum 10 years proven leadership experience at a senior level
- Apparel industry and/or DTC expertise and background preferred
- Proven ability to lead, build relationships, and work effectively in a cross-functional team environment
- Outstanding verbal and written communication skills with the ability to a influence others
- Successful track record of influencing and decision-making at multiple levels
- Strong business acumen with ability to anticipate risks and identify contingency plans
- A self-starter mentality and ability to work in a fast-paced, entrepreneurial environment
- Proven track record of building, training, and developing high performing teams
- Ability to think creatively and strategically while maintaining financial discipline
- Ability to travel globally and domestically as needed
- Bachelor’s degree required
WHY WORK AT MEUNDIES?
It's more than a job.
We have focused on building a team of people who emulate our core values. We look for people who stay balanced, go further, build relationships, champion differences, and are humble. At MeUndies, we continue to maintain a stellar brand by working collaboratively and encouraging growth with learning opportunities. There is no such thing as a small achievement here - we celebrate it all!
We look at the necessities.
We offer competitive equity/salary packages, including targeted annual bonuses, generous parental leave, a 401k, fantastic health benefits, open time off, and more.
We have an office you’ll enjoy going to.
We work in our office Monday - Thursday. Friday is a remote/work-from-home day. We’re set up to support comfortable working - hot desks, lounge, and casual seating areas, a Mother’s Room, an on-site gym & shower, and a kitchen that makes you feel like you’ve never left home. We’re dog-friendly, so your furry coworker can join you anytime.
We don’t forget the most important things.
We want MeUndies to be a place where you feel safe and comfortable, and we encourage our employees to hold us accountable for keeping it that way. We encourage open communication and a People Ops team that is ready to help. When you work at MeUndies, we take your needs as an employee (and a person) seriously. Our doors are always welcome to feedback and suggestions!
Plus those special extra things.
We also know how important it is to connect with your team members outside of everyday work. We offer catered lunches every in-office day, holiday parties, off-sites, happy hours, and an annual retreat. You’ll also get a sweet employee discount to rebuild your underwear drawer with our top-notch prints.
MeUndies is an equal opportunity employer and is committed to providing a workplace and hiring process free from discrimination. All employment decisions will be made, and all qualified applicants will be considered, without regard to age, race, creed, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), ethnicity, national origin, ancestry, disability status, veteran status, genetic information, marital status, citizenship status or other legally protected characteristic protected by federal, state, or local law. In addition, MeUndies will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.
Salary : $233,750 - $260,000
