Director Of Pricing Jobs

The Director of Pricing will be responsible for developing and executing innovative pricing strategies that drive profitability and enhance our competitive position in the off-price retail market. You will own the development and implementation of innovative pricing models, analyze market dynamics, and collaborate cross-functionally to optimize our pricing decisions. Your leadership will be instrumental in enhancing customer value, maximizing revenue, and maintaining our position as a leading off-price retailer. As the champion of our pricing initiatives, you will contribute to our strategic growth and operational excellence while fostering a culture of data-driven decision-making and continuous improvement at Saks OFF 5TH.

Who Are You:

• Excellent communication and presentation skills
• Bachelor's degree in Business, Economics, Finance, or related field
• Ability to thrive in a fast-paced, dynamic, and evolving retail environment
• Demonstrated leadership experience, with the ability to lead and inspire a team
• Strong analytical skills
• Experience in pricing analysis, competitive analysis and pricing tool implementations
• 8-10 years of progressive experience in pricing strategy within the retail industry, with a focus on off-price or discount retail
• Proficiency in Microsoft Excel, data visualization tools, and business intelligence software

As the Director, Pricing you will:

• Conduct in-depth analysis of competitive pricing landscapes and market trends to identify pricing opportunities and threats. Translate insights into actionable pricing recommendations that maintain our position as a leader in the off-price retail segment
• Drive the implementation of dynamic pricing strategies that respond to real-time market conditions, demand fluctuations, and inventory levels. Develop pricing algorithms and models to automate pricing adjustments
• Generate insights, forecasts, and recommendations on discount offers, promotional vehicles, and pricing strategies. Provide regular and ad hoc reports to cross-functional teams, including Planning, Merchandising, Digital, and Marketing, to inform decision-making
• Lead the development and execution of comprehensive pricing strategies tailored to our off-price retail model. Collaborate with cross-functional teams to align pricing strategies with business objectives and market trends
• Utilize advanced analytics and data-driven insights to optimize pricing decisions that maximize profitability while delivering exceptional value to our customers
• Oversee the markdown execution process to optimize inventory turnover and profitability

The pay range for this position at commencement of employment is expected to be between $130,000 and $145,000/year; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits), dependent on the position offered. Details of participation in these benefit plans will be provided if a candidate receives an offer of employment.

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