Senior, Product Development

New York, NY

Employer:	Macy's
Category:	Supply Chain
Job Type:	Full Time
Description
Bring Your Amazing Self to Work At Macy's, Inc. we're on a mission to create a brighter future with bold representation for all. This is our Mission Every One. We know that each person here is unique. So we respect and invest in each individual to create growth, pride, and satisfaction. If we are able to bring our whole selves to work, it translates into a more abundant and wider array of ideas and energy for all to benefit from. Our success will be built on amazing colleagues, working together. Job Overview The Senior, Development is a member of the Development team responsible for building and managing the Macy's Private Brand program, taking ownership of assortment execution. The team plays a pivotal role in shaping the vision of Macy's Private Brands and collaborates with Sourcing to attain the desired final product cost and meet Brand/Category Initial Mark Up targets for its products. The Senior, Development works closely with the design, buying, and sourcing teams to ensure the translation of design intent into an approved sample that aligns with the brand's aesthetic, style, and fit requirements within the specified cost and margin targets. Key responsibilities include executing the assortment strategy and actively participating in milestone meetings. What You Will Do Collaborate with Buying and Planning counterparts to ensure that department-level financial targets align with the assortment strategy; collaborate with Design to make necessary modifications. Work alongside Sourcing Associates to guarantee that all styles receive vendor allocation. Utilize the costing database with support from the Costing team to determine target costs based on product attributes, initial mark up goals, and retail prices. Review vendor cost breakdowns and escalate any costing issues. Collaborate with Raw Materials and Design to propose engineering solutions if necessary. Communicate product details and specific meeting sample requirements to Overseas Office Merchant. Update and take ownership of first-cost style-level analysis, iterating as needed until the final style is approved. Update initial mark up roll-up at a style-level based on target cost, first cost (and iterations), and final cost. Provide dashboard views of initial mark up roll-up to the Strategic Sourcing team. Partner with Overseas Office Merchant and Strategic Sourcing to ensure the execution of cost negotiations and meeting established target cost/initial markup goals. Review the execution of all development samples and monitor line development activities throughout the season. Participate in Seasonal Prep and Line Development Meeting, Mid-Point/Pre-Line Review, and Line Review Meetings. Support the Product Lead with materials for Post Buy Recap, including program and style placements. Escalate any product-related issues (e.g., sample delivery timing, style execution, costing). Collaborate with Buying counterparts to manage in-season chase/open to buy opportunities. Communicate all purchase authorization/purchase order information to the Product Assistant and manage the accuracy and completeness of purchase order entry and tracking. Ensure that PLM is updated throughout the season by the Product Assistant. Track development and adoption rates for the area of responsibility. Skills You Will Need Assortment Execution: Demonstrate a strong ability to take ownership of assortment execution, ensuring that the Macy's Private Brand program aligns with strategic objectives. Collaboration: Collaborate effectively with Buying, Planning, Design, and Sourcing teams to streamline processes, ensuring department-level financial targets support the assortment strategy. Costing Expertise: Utilize a costing database to determine target costs based on product attributes, IMU goals, and retail prices. Capable of reviewing vendor cost breakdowns and proposing engineering solutions when necessary. Communication Skills: Practice open and continuous communication, keeping team members informed and presenting information in a clear, concise manner. Analytical Abilities: Possess strong analytical skills to update and own first-cost style-level analysis, iterate as needed, and update IMU Roll-Up based on target cost, first cost, and final cost. Strategic Thinking: Think creatively, strategically, and technically to support the execution of the assortment strategy and navigate complex development challenges. Leadership and Interpersonal Skills: Exhibit excellent leadership, facilitation, and interpersonal skills, fostering collaboration across functional lines and working effectively at different organizational levels. Adaptability: Demonstrate flexibility and adaptability to evolving situations in the dynamic fashion industry, especially during milestone meetings and line development activities. Negotiation Skills: Collaborate with OSO Merchant and Strategic Sourcing to ensure effective cost negotiations, meeting established target cost and IMU goals. Who You Are Dedicated to fulfilling ideals of diversity, inclusion, and respect that Macy's aspires to achieve every day in every way. Candidates with a bachelor's degree or equivalent work experience in a related field are encouraged to apply. 3+ years of experience in merchandising, product development, planning, or buying. Regularly required to sit, talk, hear; use hands/fingers to touch, handle, and feel. Occasionally required to move about the workplace and reach with hands and arms. Requires close vision. Able to work a flexible schedule based on department and company needs. What We Can Offer You An inclusive, challenging, and refreshingly fun work environment Competitive pay and benefits rooted in principles of equity Performance incentives and annual merit review Merchandise discounts Health and Wellness Benefits across medical, dental, vision, and additional insurance Retirement Savings Plan with 401k match opportunity Employee Assistance Program (mental health counseling and legal/financial advice) Resources for continuous learning, career growth, and leadership development 8 paid holidays Paid Time Off (first year prorated depending on start date) Tuition reimbursement program Guild education benefit funds 100% of tuition, books, and fees in designated programs Colleague Resource Groups (CRGs) and give-back/volunteer opportunities Empowerment and autonomy to perform impactful work with tangible results About Macy's Now is an exciting time for a Macy's career as we continue to focus on creating exciting and memorable experiences for every Macy's customer, whether their journey starts online or in the store. Our opportunities in Sales, Merchandise, Operations, Customer Service, Warehouse, Marketing, and other areas let you express your creativity and commitment to excellence, grow your career and make a difference to your Macy's colleagues and customers. Bring your creativity, energy, and ideas to the Macy's team - Apply Today! SUPPLY00

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Senior, Product Development

New York, NY

Description