Retail Merchandise Allocator - Women's Ready-to-Wear

About the Prada Group

Established in 1913 in Italy, the Prada Group stands as a global leader in luxury, operating iconic brands including PRADA, Miu Miu, Church’s, and Car Shoe across over 45 countries with a diverse workforce from more than 100 nationalities. Recently, the Group expanded into the food industry with the acquisition of Pasticceria Marchesi 1824, maintaining high standards of quality. Additionally, Prada actively invests in contemporary art initiatives, enriching its cultural engagement constantly.

Position Overview

The Retail Merchandise Allocator for Women's Ready-to-Wear (WRTW) plays an essential role in ensuring optimal product placement to boost sales, maximize inventory turnover, and enhance overall inventory efficiency. This position involves devising and leading allocation strategies across multiple retail locations or channels, managing inventory flow effectively, and supporting the financial and assortment planning through close cross-departmental collaboration. This role demands a detail-focused, analytical mindset and the capability to perform in a dynamic retail setting while balancing strategic analysis with precise operational execution.

Key Responsibilities

• Formulate and implement allocation plans that align with business targets relating to sales, sell-through rates, and inventory management at the store or channel level.
• Oversee weekly replenishments and initial product allocations to ensure stock is appropriately distributed by store location, size variants, and style diversity.
• Conduct continuous evaluation of store performance metrics, sales trends, and stock conditions to adapt allocations proactively.
• Support inventory needs related to new store launches, renovations, and events by ensuring timely and adequate stock support.
• Manage purchase order administration across all store locations.
• Enhance inventory productivity through strategic allocation adjustments and proactive inventory rebalancing initiatives.
• Track stock quantities to identify opportunities that maximize full-price sales and limit markdown occurrences.
• Advocate for inventory movements such as transfers, consolidations, and redistributions to increase sales efficiency and lower excess risks.
• Maintain comprehensive knowledge of store cluster characteristics, space constraints, and sales behaviors to inform optimal allocation decision-making.
• Generate and interpret weekly reports on sales performance, stock health, and the success of allocation strategies, sharing insights with merchandising leadership.
• Collaborate with Distribution and Logistics teams to ensure that inventory adjustments and allocations are executed smoothly and on schedule.
• Act as a knowledgeable user and promoter of allocation tools and methodologies, recommending procedural enhancements for greater process efficiency and transparency.
• Contribute to special projects including market competitive analysis, trend reporting, and preparation of materials for strategic presentations.

Qualifications and Skills

• At least one year of professional experience in merchandising, preferably within the luxury retail sector.
• Proficient organizational skills including the ability to multitask and prioritize workloads effectively.
• Meticulous attention to detail coupled with excellent written and verbal communication abilities.
• Advanced proficiency in Microsoft Excel and PowerPoint.

Additional Information

Joining Prada means becoming part of a vibrant, creative international workplace characterized by curiosity and a drive for excellence. The company values its employees’ talents and passions, fostering a supportive environment conducive to professional growth. Prada is committed to equal employment opportunities, embracing diversity and fostering an inclusive and respectful workplace for all individuals regardless of gender, ethnicity, sexual orientation, disability, or other personal attributes.

Compensation

This role offers an annual salary range of $60,000 to $65,000 and may include eligibility for additional incentives. Compensation will be commensurate with experience, knowledge, and skills related to the role.