Pricing Analyst- Center Store
Position Summary: Responsible for establishing the base and promotional prices for a specific grouping of categories. Work with the Category team utilizing the price optimization software to evaluate special vendor offers. Perform scenario planning to arrive at the most effective cost and price. Analyze category level trends and adjust pricing plans to achieve financial targets. Primary Duties and Responsibilities: • Establish base and promotional pricing for a specific grouping of categories that deliver the banner strategy at the shelf and achieve the assigned targets for sales, margin, and units. • Review and approve the retail price recommendations of the Markdown team. • Calculate the financial impact to the categories and incorporate into the forecast. • Monitor the performance of the base and promotional pricing plan. • Adjust pricing as necessary to deliver the key financial metrics. • Collaborate with other teams within the Category, Merchandising, and Pricing (CMP) organization to master the Revionics pricing software and leverage the full value of the tool. • Detect, research and correct data errors within the product hierarchy that limit the value associated with the banner pricing strategy. • Analyze competitive data, cost, and strategy to diagnose and resolve pricing issues and queries from retail, vendors, or management. • Develop and present different pricing scenarios to Category, Merchandising, and Pricing (CMP) leadership that address: • Seasonal pricing plans • Evaluate vendor offers to determine the cost and retail to deliver the optimal profitability for the banner. • How best to address any banner wide margin gap exercises? • The impact of cost changes on lead item selection and category profitability. • May be responsible for supervising Pricing Assistant (Fresh Only). • Participate in and contribute to project teams as needed. Qualifications and Experience: • 3-5 years professional experience • Strong analytical experience • Bachelor's Degree or equivalent combination of education and related work experience • Proficient in Microsoft Programs • Preferred: • Price optimization system experience • Experience in Category Management, Demand Management, or Analytics Skills and Abilities: • Ability to analyze data and provide insights from the data • Articulate data insights • Create cross-functional relationships • Ability to work individually as well as part of a team • Ability to manage day to day activities for identified responsibilities 144
Competency
Level
Analysis & Insights
A
Collaborative Partnerships
F
eCommerce Acumen
F
Financial & Business Acumen
A
In-Store & Digital Management & Merchandising
N/A
Internal & External Communication & Documentation
A
Negotiation
F/A
Pricing & Promotion
M
Product Development & Assortment
F
Strategic Business Planning
F
Supply Chain
N/A
Systems & Technology
A/M
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