Merchandising Executive

About us

Love, Bonito is a digital-first company on a mission to empower the everyday Asian woman and inspire self-confidence. We are Southeast Asia’s leading womenswear brand, headquartered in Singapore, with an omnichannel presence across Hong Kong SAR China, Indonesia, Malaysia and a retail franchise in Cambodia. In addition, we have also expanded into international markets namely the Philippines and the United States of America.

Founded in 2010, we are proudly female-founded with more than 65% female representation in leadership roles (#girlpower!). We raised a US$50M Series C round in 2021 and know that we’re on the cusp of something great, where we’re working towards becoming the most thoughtful brand globally, for the Asian female consumer, especially when it comes to our products, community and experiences.

There’s a lot more work to be done with all of our exciting plans. So we’re looking to team up with people who are wildly passionate about making an impact and be part of a dynamic team, in a workplace with no corporate BS (yes, you read that right!).

The role

You will play a pivotal role in driving the success of the retail business through effective merchandising strategies. The role requires analytical skills, staying updated on consumer behaviors and merchandising trends, and coordination with internal teams to drive business growth. The Merchandiser collaborates with various teams including buying, marketing, and retail to develop and execute merchandising plans that align with the company's goals and objectives.

Main responsibilities

Merchandising Strategy Development:

• Develop strategic merchandising plans to achieve sales targets and enhance customer satisfaction. 
• Analyze market trends, consumer behavior, and competitive landscape to identify opportunities for product assortment optimization.

Product Selection and Procurement:

• Work closely with the buying team to select the right mix of merchandise that aligns with the company's brand image and target market. 
• Conduct store visits and competitor analysis to understand market positioning.

Inventory Management:

• Oversee inventory levels and product replenishment to minimize stockouts and excess inventory. 
• Utilize data analytics and forecasting techniques to optimize inventory turnover and reduce carrying costs.

Visual Merchandising:

• Collaborate with the visual merchandising team to create appealing product displays and store layouts that drive customer engagement and sales. 
• Ensure that merchandising standards are consistently maintained across all retail locations.

Promotions and Pricing:

• Develop promotional strategies and pricing policies to stimulate sales and maximize profitability. 
• Monitor the performance of promotions and pricing initiatives and make adjustments as needed to achieve desired outcomes.

Cross-functional Collaboration:

• Partner with cross-functional teams including marketing, retail, and operations to execute merchandising initiatives effectively. 
• Communicate merchandising priorities and strategies to internal stakeholders and ensure alignment with overall business objectives.

Performance Analysis:

• Track and analyze key performance indicators (KPIs) such as sales, margin, and inventory turnover and sell-through rates. 
• Generate reports and insights to evaluate the effectiveness of merchandising strategies and identify areas for improvement.

KPI

• Performance KPIs: Sales Revenue & Business Lines Sell-Through Rate %
• Communicate effectively with various stakeholders
• Able to churn and analyse data independently 
• Identify own’s key strengths and weaknesses in the job 

Requirements

Qualifications & Experience

• 1-2 years proven experience in merchandising roles within the retail industry.
• Proficiency in Microsoft Excel and Google Sheets.
• Strong analytical skills and attention to detail with the ability to interpret data and trends to make informed merchandising decisions.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
• Strategic mindset with a focus on driving results and achieving business objectives.
• Flexibility to work extended hours during peak seasons or special events.
• A passion for retail and a keen understanding of consumer preferences and market dynamics.
• Bachelor's degree in Merchandising, Marketing, Business Administration, or related field. Diploma holders with relevant experience are also welcome to apply. 

Benefits

1. Flexible Work Arrangement

• Work from anywhere!
• Remote work according to HQ operating hours

2. Staff Wellness

• Comprehensive corporate insurance (Fully covered visits at our panel clinics, Dental coverage, Maternity reimbursement)

3. Learning and Career Development

• Learning and development (i.e. subscription plans to best-in-class resources, personal development fund etc)
• Dedicated leadership training for those of managerial responsibilities
• Friday pm off for learning

4. #TeamLB perks

• Generous staff discount off LB products
• Corporate partnerships with a variety of companies
• Welcome to #TeamLB swag and store gift cards (get your LB work outfit on us!)
• Employee driven peer-to-peer recognition platform to honour and celebrate everyday achievements
• Internal Referral programme