Mgr Retail Strategy

J  o  b    D  e  s  c  r  i  p  t  i  o  n

Job Profile Title:

Mgr Retail Strategy

Job Code:

11420

Profile Title:

11420 Mgr Retail Strategy

Grade / Band:

L2

FLSA Status:

Exempt

The Retail Strategy Product Development Manager will communicate and execute retail product development strategies and initiatives for achieving sales and financial objectives in support of property and corporate retail financial goals. This position will be responsible for evaluating industry trends alongside property specific needs when developing new products and refining existing products. All duties are to be performed in accordance with departmental and MGM Resorts policies, practices and procedures.

Oversees day to day operational aspects of product development projects that vary in scope and complexity, and evaluates technical  feasibility and design optimization of products and programs. Manages and coordinates product development projects; manages  communication through multiple phases of the product cycle with corporate and property leadership. Maximizes all opportunities to  create products that are unique and individualized for properties/segments. All product development projects to consider core, luxury  and ultra-luxury properties.

Evaluates industry trends, innovation, customer brand guidelines, regulations, and business objectives to pursue profitable products.  Analyzes historic data, trends, product assortment, and competition to make recommendations and develop the product development  strategy. Identifies changing market trends and makes recommendations to ensure competitive advantage.

Develops target customer profile for property segments through market data, competitive shopping analysis and business trends.  Provides product recommendations based on trend and market data to property leaders, and creates a compelling assortment that  will meet financial targets and support property and corporate brand objectives.

Identifies and evaluates vendors based on their alignment with product technical specifications. Negotiates exclusive offerings,  terms, pricing, vendor funded markdowns, return-to-vendor agreements, drop-ship programs. Participates in the development of the  vendor matrix for multiple categories.

 Evaluates current state of business to manage inventory in season; including driving markdowns and exit strategy in collaboration  with corporate and property leadership. Analyzes current business to identify business opportunities and in-season risks.

Develops and maintains effective working relationships with members of cross-functional teams and influences to achieve results.  Leads, mentors and trains junior team members; makes performance recommendations as appropriate.

Performs other job-related duties as requested

Proof of eligibility to work in the United States

Bachelor's Degree

Related field

Required

2+ Years of Prior Relevant Experience

Retail buying experience or equivalent field

Required

5+ Years of Prior Relevant Experience

Experience in product development

Preferred

Retail store operations or buying/purchasing experience within the hospitality, casino, and resort industry.

Preferred

Experience in identifying industry trends.

Superior merchandising, trend, color, and design sense.

Stays current with latest trends and merchandise.

Keeps up to date with changes in the market and technology that would affect new product development.

Strong problem solving, interpersonal, analytical and organizational skills.

Possess high level of analytical skills and have conceptual creative ability.

Advanced knowledge of retail math that includes but is not limited to gross margin (GM), turn, weeks of supply (WOS) and sell through percent.

 Excellent written/verbal communication & presentation skills.

Detail oriented.

Balancing

X

Bending

X

Carrying 10 pounds

X

Clear speech - simple

X

Clear speech - complex

X

Climbing

X

Distant vision

X

Driving

X

Flexibility - upper body

X

Flexibility - lower body

X

Hearing/Listening

X

Kneeling

X

Lifting 10 pounds

X

Near vision

X

Normal vision

X

Pushing/Pulling

X

Reaching

X

Sitting

X

Standing

X

Typing

X

Walking

X

Communication - verbal

X

Communication - written

X

Confined area

X

Contacts - works alone

X

Contacts - works around others

X

Contacts - works with others

X

Exposure to dust / dirt

X

Exposure to fumes / odors

X

Extreme cold

X

Extreme heat

X

Fast pace

X

Hazardous conditions - chemicals

X

Hazardous conditions - high structures

X

Hazardous conditions - high voltage

X

Indoors

X

Noise levels - low to moderate

X

Noise levels - high

X

Office conditions

X

Outdoors

X

Restricted area

X

Shifts

X

Smoke

X

Travel

X

Wet/Humid

X

Analytical

X

Clerical

X

Comprehension

X

Crisis incidents

X

Customer service

X

Decision making

X

High pressure

X

Judgment

X

Long hours

X

Math skills - advance

X

Math skills - basic

X

Organization

X

Reading - simple

X

Reading - complex

X

Repetition

X

Tight deadlines

X

Writing - simple

X

Writing - complex

X