Develops and modifies comprehensive retail pricing strategies of high complexity based on volume, product lines, competition, or category penetration for assigned categories by determining known value items to be included in strategy; benchmarking comparable items sold by competition; comparing current gap versus key competitors; determining perceptible gap; utilizing Walmart pricing systems to develop, improve, or modify strategy to maximize profit margin; ensuring strategies meet category and company objectives; and recommending promotion pricing strategies.
Manages the analysis of performance of the current pricing strategy for low complexity categories with management guidance by reviewing current information on sales, profits, margins, in-stock, mark-up, and mark-down; and maintaining up-to-date statistics based on defined performance metrics.
Oversees the benchmarking of competitor margins against company margins to ensure fair supplier pricing by evaluating trade fund allocation and cost components; obtaining cost increase justifications; and conducting market track analysis to determine on-sale and off-sale mix of competitors.
Oversees the communication of pricing information and strategies for high complexity categories by presenting information to the category team or category team leadership to persuade and influence others towards recommended pricing strategies; serving as a spokesperson on Walmart's competitive price gap and strategy performance on items in assigned categories; and providing clear performance measures of executed strategy to multiple levels of management.
Oversees the execution of promotional pricing strategies for assigned strategic business units by collaborating with cross-functional partners to create promotional strategies and events; participating in item selections and pricing validation; validating item information and advertised pricing; evaluating item selections and ensuring consistency and compliance with applicable laws, company philosophy, and pricing strategies; determining needed changes; determining solutions to adapt to changing business needs ; utilizing systems to enter item data; collaborating with internal teams to ensure system functionality; troubleshooting system issues; ensuring system functionality at store-level and resolving issues.
Develops Pricing personnel by providing training on pricing strategy processes and tools; and preparing and teaching boot camp; reviewing and providing feedback on pricing strategies; and assisting in preparation of analytics. Drives the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly; developing contingency plans; and demonstrating adaptability and supporting continuous learning. Provides supervision and development opportunities for associates by selecting and training; mentoring; assigning duties; building a team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; and ensuring diversity awareness. Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to others in their use and application; ensuring compliance with them; and utilizing and supporting the Open Door Policy. Ensures business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost-effectiveness; and participating in and supporting community outreach events.
Minimum Qualifications: Bachelor's degree in Economics, Accounting, Finance, Business, Marketing, or related field and 4 years' experience in merchandising, retail pricing, sourcing, operations management, finance, marketing, or related area OR 6 years' experience in merchandising, retail pricing, sourcing, operations management, finance, marketing, or related area.
Merchandising, Microsoft Office, Retail Industry, Supervising Associates, Supply Chain, Working on cross-functional teams or projectsMasters: Accounting, Masters: Economics, Masters: Finance, Masters: Marketing
702 SW 8TH ST, BENTONVILLE, AR 72716, United States of America