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VP/DMM Shoes (Hybrid)

Belk
Posted a month ago, valid for 9 days
Location

Charlotte, NC, US

Salary

$200,000 - $275,000 per year

Contract type

Full Time

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Sonic Summary

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  • Divisional Merchandise Managers (DMM) are tasked with developing and communicating merchandise and omni strategies to meet or exceed sales, margin, and turn targets.
  • The role requires 4-6 years of retail buying experience and a total of 7-9 years of retail experience.
  • DMMs collaborate closely with VPs of Planning to maximize financial performance and foster a collaborative team culture within the merchandise pyramid.
  • The position offers a salary range of $200,000 to $275,000, depending on various factors such as skills and experience.
  • Candidates must possess strong organizational skills, the ability to manage large responsibilities, and effective communication abilities.
Divisional Merchandise Managers (DMM) are responsible for developing and communicating merchandise and omni strategies to his/ her respective merchant team to meet or exceed sales, margin and turn targets. A DMM guides Buyers and Planners through the development of Merchandise Strategies and assortment plans to maintain the integrity of financial goals, product strategies and customer focus. A DMM works in partnership with the VPs of Planning to maximize overall financial performance of product categories and to develop a collaborative team culture within the merchandise pyramid.

Essential Functions:

  • Partner with VP Planning to develop and communicate the merchandise strategy and sales and margin goals for each DMM division
  • Responsible for all footwear: Women’s, Men’s and Kids
  • Collaborate with VP of Planning at beginning of Merchandise Financial Planning process to provide business specific insights and findings
  • Develop and communicate strategic visions and goals, and customer and marketplace perspective, to respective cross-functional partners
  • Provide guidance to Buyers to ensure merchandise strategies and assortment plans meet divisional objectives and align with customer and store needs
  • Guide the open to buy process
  • Attend relevant trade shows, markets and events to observe and stay current on market trends, gather product information, select merchandise and establish business relationships
  • Highly involved in Private Brand item lifecycle
  • Foster strong relationships with key vendors to ensure partnerships that deliver strong product and financial results
  • Build advertising vehicles that enhance the division brand, drive customer traffic and deliver return on investment
  • Review and approve advertising strategies/ proposals from Buying staff
  • Review and approve markdown strategies/proposals from Buying staff
  • Focus on developing and maintaining bench strength
  • Build a high quality merchandising team by developing partnerships, leading, coaching and providing constructive feedback
  • Facilitate team environment between Buying and Planning organizations
  • Lead initiatives to instill best practices and develop support infrastructure
  • Requires designated hybrid in-office work schedule
  • Ability to travel as needed 

Education and Work Experience:

  • Bachelor's degree preferred
  • 4-6 years of retail buying required
  • 7-9 years of retail experience required

Knowledge, Skills & Abilities:

  • Effectively manages a large scope of responsibility to achieve financial targets based on a sound knowledge of merchandising concepts 
  • Thinks conceptually and strategically 
  • Is highly organized and multitasks 
  • Builds and maintains productive cross-functional relationships 
  • Prioritizes and manages workload and processes to meet company objectives 
  • Takes calculated risks to achieve results 
  • Crafts targeted and effective verbal and written communications 
  • Fosters a strong team environment and works effectively with management 
  • Adapts to shifting circumstances in a business environment 
  • Exhibits ethics, fairness & values-based decisions 
  • Proficient in business-related computer software (Microsoft Windows, Word, Excel, etc.)

Pay Range
$200,000 - $275,000

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

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By applying, a Belk account will be created for you. Belk's Privacy Policy and Terms & Conditions will apply.

SonicJobs' Terms & Conditions and Privacy Policy also apply.