Allocator II

About us

Inspired by our customers who appreciate fashion as much as function, Soma is an intimate apparel brand that embraces a passion for comfort and confidence by offering beautiful, innovative solutions. At Soma, every day is a chance to make women feel more empowered. Join the movement. Bring your talents and discover opportunities, support, and growth.

The Allocator II role is responsible for merchandise allocation for assigned categories. Duties include initial sizing of purchase orders, purchase order allocation, weekly replenishment, and cross-functional partnership to ensure the proper merchandise assortment for stores and online.

FUNCTIONAL RESPONSIBILITIES:

• Develops allocation strategies in tandem with direct leader, by floorset aimed at maximizing sales and minimizing markdowns.
• Manages purchase orders from initial allocation through end-of-life cycle of merchandise, including replenishment and disposition of slow sellers and markdowns.
• Owns sizing analysis for assigned categories. Attention to sizing trends, based on sales and potential missed opportunity, for each channel and store.
• Monitors and tracks inbound purchase orders, working with Logistics, Merchants and Planners to strategically mitigate risks to business.
• Manages the basic stock replenishment programs developing size level recommendations. Champions the Key Item program and partners with the Planner to maximize sales and profit.
• Reviews and analyzes weekly business results, interpreting results, identifying solutions and communicating action points to cross functional team.
• Undertakes new store allocations by analyzing sister store to determine depth needs for department, considering available merchandise, promotional activity and floorset placement to drive strategy.
• Participates in Product Life Cycle meetings, contributing the Allocation perspective and data analysis designed to drive impactful business results.
• Recommends changes and/or enhancements to the current procedures and systems for the allocation function. Develops information queries, excel reporting, and analysis templates, which support the allocation cross-functional teams.
• Coordinates the flow of information within business, including coordination of priorities.
• Partner with Merchandise Planning, Merchandising, and Store Planning to adjust product allocation or replenishment based on business trends.

QUALIFICATIONS:

• Bachelor’s degree in business, finance, operations, or other related field.
• 3+ years experience as an Allocator in an apparel specialty retailer, or in a financial or store planning analyst role.
• Strong background in data analysis and retail allocation experience required
• Strong problem-solving and analytical skills; strong aptitude with numbers.
• Ability to manage time and workload effectively with flexibility to shift focus/priorities at a moment’s notice.
• Excellent written and verbal communication skills.
• Charismatic team player that exhibits excellent “team work” abilities.
• PC proficiency with a strong emphasis in Excel; query database experience a plus. Demonstrated ability to create Excel-based reports and templates.

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Equal Employment Opportunity

The Company is an equal opportunity employer and welcomes applications from diverse candidates. Hiring decisions are based upon a candidate's qualifications as they relate to the requirements of the position under consideration and are made without regard to sex (including pregnancy), race, color, national origin, religion, age, disability, genetic information, military status, sexual orientation, gender identity, or any other category protected by applicable law. The Company is committed to providing reasonable accommodations for job applicants with disabilities. If you require an accommodation to perform the essential duties of the position you are seeking or to participate in the application process, please contact [email protected] Company will make reasonable accommodations for otherwise qualified applicants or employees, unless such accommodations would impose an undue hardship on the operations of the Company’s business. The Company will not revoke or alter a job offer based on an applicant’s request for reasonable accommodation.