Everyday Pricing Insights Activation Sr. Analyst - Full-Time Remote or HybridApply Now Location: 1000 Nicollet Mall, Minneapolis, Minnesota, United States, 55403-2542; job id: R0000184400
job family: Pricing & Promotions
schedule: Full time
Target is an iconic brand, a Fortune 50 company and one of America’s leading retailers.
Target Merchandising is evolving at an incredible pace. We are constantly reimagining how this $90 billion retailer offers the innovative and guest-inspiring assortments that Target is known and loved for. Our goal is to consistently deliver exceptional value, quality and style that elevates Target as the premier retailer in a competitive global marketplace. Through intelligent and progressive business strategies that make the most of Target’s resources and partnerships worldwide, Merchandising works across product categories to create a localized shopping experience, both online and in our 1800 stores. Are you a creative problem-solver who loves to own a category as well as its results? Can you collaborate effectively, execute a plan efficiently and positively influence how Target chooses and presents the right product in the right place at the right price? If so, you will have success on one of our dynamic teams.
Working within Pricing & Promo, your mission is to develop enterprise wide pricing and promotion strategies with merchants impacting millions of dollars within the enterprise Pricing and Promotions Center of Excellence. Pricing strategies affect everyday retails, promotional effectiveness, clearance management and competitive pricing. As a member of the Pricing & Promo team, you’ll be a key business consultant to merchants developing relationships with Buyers, Sr. Buyers, and Divisionals.
As an Everyday Pricing Insights Activation Analyst (Hardlines – Toys, Sporting Goods, Entertainment & Electronics) in Target’s Pricing & Promotions Center of Excellence, you will develop and deliver Operational, Competitive, and Strategic insights relating to our pricing performance. These insights will improve our current operations, understand our competitors and shape our future pricing plans. You will activate against these insights with a broad set of partners including our pricing strategy teams, global Pricing operations, merchant partners, Data Sciences, and product teams, across the Pricing & Promotions COE, and with Merchandising teams. You will bring these insights to life in the following ways:
Quarterly SWOT for a merchandise pyramid of previous quarter's performance and primary competitors
Own pricing decisions and investment opportunities for Toys, Sporting Goods, Entertainment & Electronics
Benchmarks and highlights of seasonal and YOY changes in opening price points, owned brand price laddering, and price architecture of competitors' store assortments vs Target.
Market intelligence summaries of strategic pricing changes implemented by key competitors
Monthly Business Review dashboard and action plan on actively managed comp shop SKUs, index vs competitors, and actively priced.
Lead biannual audits of assortment excluded from Actively Managed Pricing
Pricing Playbook for each division and season
Implement changes to pricing strategy on appropriate business cadence to positively impact guests and financials
Recommendations on channel pricing strategies based on internal performance and competitor actions
Regular updates and recaps on pricing tests
Delivery of objectives tied to captainships which improve the performance of the global Everyday Pricing and Competitive Retail Intelligence teams
Lead weekly competitive promo and pricing routines for top sales driving items for Target during Q4 Holiday program
To achieve these goals, you will engage in a number of activities including, but not limited to:
Responsible for developing and prioritizing action plans to improve KPI metrics via a blend of short-term countermeasures and long-term solutions
Use domain expertise to determine the most effective data sources to improve pricing performance, inclusive of multiple internal reporting tools, 3rd party insights platforms, or acquisition of data through field studies
Using economic and pricing strategies to improve gross margin performance and price perception
Proposing and building executable, scalable tests of new pricing strategies leveraging Plan-Do-Check-Act cycle and engaging with Analytics and Product resources to sustain tests that drive business value into everyday operations
Creating compelling problem statements and business cases to support and advance our pricing strategy
Assessing and balancing stakeholder interests in managing price competitiveness vs gross margin
Building strong, trusted relationships with merchants, PPCOE strategy & planning teams, pricing product teams, and Everyday Pricing Operations analyst
Maintaining daily connection with Everyday Pricing Operations Analyst counterparts in Bangalore
Providing subject matter expertise on pricing capabilities
Responsibility for the identification and correct setup of new items to deliver on our enterprise pricing strategy and intentional pricing relationships between brands, sizes, and item segmentation.
4-year degree or equivalent work experience
2 years of professional work experience
Strong financial acumen
Strong data analysis skills
Ability to manipulate data in Excel
Demonstrated peer leadership and decision-making skills
Ability to influence others through the use of data and insights
Strong interpersonal skills and ability to maximize relationships
Strategic orientation and comfortable with ambiguity
Self-starter, ability to work independently
Understanding of Merchandising Product Lifecycle
Lean concepts in Problem Solving, PDCA cycle, and hypothesis testing
Microeconomic and Pricing concepts in theory and application
This position may be considered for a Full-Time Remote or Hybrid work arrangement based on Target’s needs.A Hybrid work arrangement means the team members core role will be a blend of virtual and onsite at a Target location. A Full-Time Remote work arrangement means the team member works full-time from home or an alternate location that’s not a Target location, does not have a desk at their primary HQ work location and may travel to HQ up to 4 times a year.
Colorado, Connecticut or Nevada Residents Only: The salary range for Colorado, Connecticut or Nevada residents is $62500 to $112500. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Find competitive benefits from financial and education to well-being and beyond.
Americans with Disabilities Act (ADA)
Target will provide reasonable accommodations (such as a qualified sign language interpreter or other personal assistance) with the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, please visit your nearest Target store or Distribution Center or reach out to Guest Services at 1-800-440-0680 for additional information.
What’s it like to work here? We’re asked that a lot. Target respects and values the individuality of all team members and guests—and we have lots of fun in all that we do.experience our culture