Blum Holdings Inc (BLMH)

[BidnessMan]

Wonder why DP's hiring a VP of merchandising?

http://jobs.ourcareerpages.com/job/446799~Primary~4114921?source=Indeed

The Vice President of Merchandising role works strategically to keep the business at the forefront in the industry by ensuring that our retail facilities are equipped with high quality products aimed to produce profit earning margins.

Essential Functions:

Oversees and guides the merchandising/buying team to drive strategic plans of the business from a retail inventory perspective.
Approves all purchase orders per set limit of $10k to $25K
Analyzes sales performance of all inventory items daily, weekly, monthly and annually.
Remains abreast of the latest product trends, consumer preferences and buying patterns to influence the inventory and product assortment offered in our retail locations.
Strategically aligns with the retail and marketing divisions to set promotions, forecasts and customer-focused campaigns aimed at increasing store traffic and average sales transactions.
Gathers competitor intelligence (market, benchmark competition, pricing).
Maintains extensive knowledge of all compliance and regulatory factors related to product inventory for all retail jurisdictions.
Devises, implements and manages all merchandising strategies to maximize revenue and increase profit margins for all retail locations.
Conducts monthly and quarterly analysis of product mix to determine and recommend purchase quantities for reach retail location.
Maintains and cultivates long-term relationships with vendor partners and suppliers.
Leads brand acquisition efforts for target brands and identifies unique brands that are in line with the assortment strategy for the retail division.
Drives operational excellence of the merchandising team; promotes development and awards stellar performance.
Creates and fosters a collaborative, innovative and results-oriented team culture.
Performs other related duties and projects as business needs require at the direction of management.

Education and Experience:

Bachelor’s degree in Business Administration, Communications,Finance or related discipline; preferred.
Relevant work experience; any viable experience in the cannabis or another heavily regulated industry preferred.