Key Responsibilities:
Sales and Inventory Analysis: Analyze sales data and inventory levels to identify trends, opportunities, and areas for improvement. Provide regular reports and actionable insights to the merchandising team.
Forecasting: Develop sales forecasts based on historical data, market trends, and promotional activities. Collaborate with the purchasing team to ensure accurate demand planning and stock replenishment.
Product Performance Evaluation: Monitor and evaluate the performance of product lines, categories, and individual items. Make recommendations for product introductions, discontinuations, and pricing adjustments.
Market Research: Conduct market research to stay informed about industry trends, competitor activities, and consumer preferences. Use this information to support strategic planning and product selection.