Lululemon
Location
Vancouver, BC | Canada
Job description
Who we are:
lululemon is an innovative performance apparel company for yoga, running, training, and other athletic pursuits. Setting the bar in technical fabrics and functional design, we create transformational products and experiences that support people in moving, growing, connecting, and being well. We owe our success to our innovative product, emphasis on stores, commitment to our people, and the incredible connections we make in every community we're in. As a company, we focus on creating positive change to build a healthier, thriving future. In particular, that includes creating an equitable, inclusive and growth-focused environment for our people.
About this team:
The Merchandising team creates and executes transformative global product strategies that ensure we have the right assortment in the right place at the right time to fulfill our guests’ unmet needs to deepen our guest relationships, grow our brand and deliver on our long-term enterprise goals. We possess deep awareness and intuition of global marketplace dynamics and regional guest needs and use this knowledge to identify opportunities to maximize guest demand.
A day in the life:
The Regional Merchant is responsible for delivering region-specific insights to the Global Merchandising team to inform regional product strategies. This is inclusive of financial goals, metrics, local product, cultural and guest insights. They are an analytical thinker who can balance foresight, insight and hindsight to draw critical business conclusions and work closely with cross-functional partners throughout the product lifecycle for in-season execution and management of their product category through weekly business analysis, corresponding actions, open-to-buy and product exit. This individual can adjust the game plan with agility to drive sell strategy and deliver product intent across all guest touch points, including visual merchandising, retail and digital experience.
Key responsibilities:
Share Regional insights (guest, products, market trends) with Global Merchandising, informing product strategies and regional style needs
In collaboration with the Manager, develop Regional merchandising strategies and omni channel approach for the season (department and class) for their business categories
Develop Regional pricing product architecture, as informed by Global strategy
Create product assortment that reflects brand consistency and regional relevance, maximizing profitability and sales across product class, key items and channels
Manage Class assortment and clustering, ensuring delivery against capacity targets and guest profiles
Identify fast turn style needs to round out regional assortment needs
Collaborate with Planning to execute seasonal regional buys against global product and financial goals
Create Visual assortment view for region
Prepare and present decks for Buy Reviews (incl. strategies, attributing, investments, flow, etc)
Validate buy accuracy, resolving MOQ issues and partnering with Global teams to ensure Buy Ready issues are solved.
Complete sizing tasks, selecting comparable styles and sizing packages
Throughout each buy cycle partner with VM, Digital and Store Planning to inform and execute against initiatives and regional strategies.
Prior to and in season, identify changes to targeted in-store date and recommend options to maximize flow
Support in OTB conversations and align with Planning on Class targets
Review business each week/month/season, delivering recaps and actions based on insights and inventory composition, including exit strategies
Qualifications, skills and experience:
Willingness to travel (domestic and international) and work on the retail floor
Must haves:
Acknowledge the presence of choice in every moment and take personal responsibility for your life.
Possess an entrepreneurial spirit and continuously innovate to achieve great results.
Communicate with honesty and kindness and create the space for others to do the same.
Lead with courage, knowing the possibility of greatness is bigger than the fear of failure.
Foster connection by putting people first and building trusting relationships.
Integrate fun and joy as a way of being and working, aka doesn’t take yourself too seriously.
Compensation and Benefits Package:
lululemon’s compensation offerings are grounded in a pay-for-performance philosophy that recognizes exceptional individual and team performance. The typical hiring range for this position is from $86,500 - 113,500 annually; the base pay offered is based on market location and may vary depending on job-related knowledge, skills, experience, and internal equity. As part of our total rewards offering, permanent employees in this position may be eligible for our competitive annual bonus program, subject to program eligibility requirements.
At lululemon, investing in our people is a top priority. We believe that when life works, work works. We strive to be the place where inclusive leaders come to develop and enable all to be well. Recognizing our teams for their performance and dedication, other components of our total rewards offerings include support of career development, wellbeing, and personal growth:
Extended health and dental benefits, and mental health plans
Paid time off
Savings and retirement plan matching
Generous employee discount
Fitness & yoga classes
Parenthood top-up
Extensive catalog of development course offerings
People networks, mentorship programs, and leadership series (to name a few)
Note: The incentive programs, benefits, and perks have certain eligibility requirements. The Company reserves the right to alter these incentive programs, benefits, and perks in whole or in part at any time without advance notice.
Workplace arrangement:
This role is classified as Hybrid under our SSC Workplace Policy:
Hybrid
In-person collaboration is important, and much of the role can be performed remotely. Work is performed onsite at least 3 days per week.
Job tags
Salary
