About the role
Major Activities
Be the pricing expert for assigned categories of product.
Regular Price Strategy and Analysis:
- Create in depth pricing architecture reviews for cost changes, competitive and merchant strategy shifts.
- Track and measure effectiveness of retail changes.
- Present to Manager and Merchant partners recommendations to influence decision making.
- Understand Merchant product attributes and category positioning in the marketplace.
- Participate in Model Store projects/reviews to understand Merchant strategies.
Promotion Pricing Analysis:
- Partner with Manager to construct weekly promotional plans for each Merchant department by utilizing various data sources.
- Monitor and analyze results weekly to develop skills in recommending changes for in-season and future promotions.
- Maintain high-level seasonal promotion charts for Merchant teams.
Clearance Price Strategy and Analysis:
- Maintain markdown ladders for Pricing Manager & Sr. Pricing Analyst.
- Assist with quarterly markdown ladder reviews for auditing purposes.
Competition:
- Maintain awareness of marketplace competition pricing and promotion activity leveraging web scraping tools, in-store and on-line comp shops.
- Perform web scraping validation of competitive matches.
- Perform ad hoc comp shop projects for Manager and Merchant team.
Reporting:
- Support Pricing Director with ownership of an assigned pricing report for the Pricing Advisory team.
Other duties as assigned
Minimum Education
- Bachelor’s Degree related to business, mathematics, statistics, finance; or equivalent experience
Minimum Type of experience the job requires
- Minimum 2 years in a corporate business setting
- Analyst role in analytical function
Minimum Special Certifications or technical skills
- Proficient with Microsoft Suite including Power Point, Word, Outlook and intermediate to advanced MS Excel required (vlookups, pivot tables, formula writing, etc.)
Preferred Education
- Bachelor’s Degree related to business, mathematics, statistics, or finance.
Preferred Type of Experience
- 2+ years’ experience in a corporate retail setting.
- Experience as a pricing professional, planner, or merchant.
Other
- Strong communication and presentation skills required. Able to develop strong relationships with key partners.
- Able to develop skills in selling point of view and persuading other functions to support your program.
- Self-motivated
- Effective time management skills to meet project deadlines.
- Able to develop in performing complex analyses by manipulating large data sets
Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.
At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com.
At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit www.michaels.com.
Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.
Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).
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Aplyr's read
Michaels Stores is a haven for DIY enthusiasts, employing diverse roles from creative framing designers to strategic operations managers.
What's promising
- •Michaels offers a wide variety of roles, from creative to operational, catering to diverse career interests.
- •The company is a leader in the arts and crafts retail sector, providing stability and growth potential.
- •Michaels' focus on DIY and seasonal products aligns with growing consumer trends towards personalization and creativity.
What to watch
- •Retail positions may require non-traditional hours, impacting work-life balance.
- •The arts and crafts market is competitive, posing challenges for market share retention.
- •Limited public information about employee benefits and career advancement opportunities.
Why Michaels Stores
- •Michaels specializes in arts and crafts, setting it apart from general retail chains.
- •The company offers unique roles like custom framers and event hosts, catering to niche interests.
- •Michaels' emphasis on DIY projects attracts a creative and enthusiastic workforce.
Aplyr’s read is generated by AI from public sources. Was it useful?
About Michaels Stores
Michaels is a leading retailer of arts and crafts supplies, offering a wide range of products for DIY projects, home decor, and seasonal items.
