Divisional Vice President-Gross Margin Planning ($3.5B)
Greater New York City Area
Developed pre-season Financial and Merchandise plans, combining division and department opportunities with merchandising strategy for Macy’s Home Store, the first centralized buying organization and pilot for the company. Provided margin maximizing recommendations and in-season risk assessments to Senior Management. - In partnership with merchandising, product and planning teams, developed strategy for all-door Martha Stewart brand launch ($200M), the largest in Macy’s history. Determined pricing / timing strategy to optimize margin performance of liquidation of $60M in product and ensure appropriate stock levels of non-go forward inventory at MSC delivery. Strategized plan to right-size core assortment inventory, address poor performers and reduce stock overage by 20% - Implemented strategy of new acquisition, May Company (May Co) Department Stores. Constructed Financial Plans to incorporate May Co divisions, which comprised four distinct mergers. Created in-season forecast tool to show Macy’s legacy and pre / post conversion May Co metrics - Produced all P&L submissions to Corporate Office and Macy’s Operating Divisions; collaborated with business partners in Merchandising, Planning, Finance, Logistics, Advertising, and Macy’s Operating Divisions to ensure alignment with Financial Plan - Nominated by Senior Management and peers to serve on Star Council to develop and enhance company fund-raising/volunteer efforts as well as improve workplace environment and employee morale; chaired company Back-to-School supply campaign and Adopt-a-Family gift drive