Analyst, Price & Markdown Optimization

Job Summary Responsible for analyzing and creating data-driven recommendations to Category Managers for omnichannel retail prices or markdown (exit) strategies for items, categories, and markets/stores to optimize profit, drive sales and sell-through, and increase market share while improving consumer value image. Forecasts and evaluates the impact of pricing decisions and balance of sales using variables like elasticity, competitive data and indexing, and category role. Communicates price and/or markdown recommendations to Category Managers, Category Insights, Store Operations, and/or other cross-functional teams and seeks approval from key clients in Merchandising. May help with strategic project-based initiatives or ad hoc analyses to recommend innovation options to drive business strategy, including key value item identification and analysis and calibration of pricing tools to achieve company financial goals. Job Responsibilities Forecasts the impact of price changes (at category, item, and/or store/zone level/channel) to make sure they align with category strategy and recommends price or pricing strategy adjustments. Performs ad hoc reporting as needed on price changes, markdown performance, and competitive indexing with the support of the Category Insights team. Analyze competitive activity to create strategic omnichannnel pricing initiatives and presents results to gain knowledge and understanding of our competitors’ pricing activity. May identify distressed inventory and delivers omnichannel markdown scenarios that drive increased profitable sell through, including managing lifecycle of items as they are discontinued to ensure proper exit path. Monitors and adjusts plans that are in flight to reach optimal profit and inventory targets. May lead cross-functional work across Merchandising, Store Operations, Finance, and Supply Chain to deliver optimal solutions for discontinued and distressed inventory. Develops standard pricing or markdown report templates, presentations, methodologies, and processes. Identifies and analyzes pricing for special groups of items (e.g. Known Value Items, National Brand/Private Brand relationship items) and stores (e.g. different regions) to align with corporate strategy and category role. Understands modeling behind pricing/markdown modeling tools and helps ensure these tools are working optimally. Presents recommendations to key internal clients and management, including Pricing managers, Category Managers, and store operations. Attends client meetings to understand business needs and objectives. Identifies and determines likely root causes for problems or issues. Prepares accurate documentation and communication to facilitate elimination of problems / roadblocks as they occur and create efficient fixes. Collaborates cross-functionally to accomplish activities. Interacts with internal and external peers and/or managers to exchange semi-complex information related to assigned activities. Constructively challenges current methods to identify areas of improvement and deliver improved results. Participates in and contributes to departmental meetings by adding relevant input to assist in driving program results. Works on small projects, as necessary. Gathers and updates necessary information and communicates to appropriate parties. Ensures assigned initiatives are completed within budget and on time to meet business units’ needs. Works to develop knowledge and understanding for area of responsibility. About Walgreens Founded in 1901, Walgreens (www.walgreens.com) proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico. Walgreens has approximately 220,000 team members, including nearly 90,000 healthcare service providers, and is committed to being the first choice for pharmacy, retail and health services, building trusted relationships that create healthier futures for customers, patients, team members…

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