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Merchandise Planner Salary

The average salary for a Merchandise Planner is $64,845 per year. For the first five to ten years in this position, pay increases steeply, but any additional experience does not have a big effect on pay. Most people with this job move on to other positions after 20 years in this career. A skill in Financial Analysis is associated with high pay for this job.
$45,288 - $87,813
(Median)
$45K
$65K
$88K
MEDIAN: $64,845
10%
50%
90%

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$10.89 - $23.78
(Median)
$11
$17
$24
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Salary
$45,288 - $87,813  
   
Bonus
$972 - $14,635  
Profit Sharing
$679 - $7,973  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$44,697 - $94,849  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 559
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$10.89 - $23.78  
   
Overtime
$15.21 - $41.87  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$972 - $14,635  
   
Profit Sharing
$679 - $7,973  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$44,697 - $94,849  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 21
United States (change)

Job Description for Merchandise Planner

Merchandise planners are in charge of developing effective merchandise strategies for their company. They are responsible for creating sound financial plans that reduce company spending, and increase overall profit. They review forecasts, use past performance to make projections, make recommendations for promotional markdowns, and manage inventory to maximize profitability. Additionally, merchandise planners research market trends to increase create more attractive offerings.

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Merchandise Planner Tasks

  • Track the level of inventory compared to the number of sales, working to quickly turn around products.
  • Generate short and long term merchandising plan to meet company financial objectives.
  • Decide what merchandise to buy based on past sales and market trend forecasts.
  • Suggest strategies for promotion and pricing based on current sales trends.

Merchandise Planner Job Listings

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Popular Employer Salaries for Merchandise Planner

Popular Skills for Merchandise Planner

Pay by Experience Level for Merchandise Planner

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

Related Job Salaries

Experience Affects Merchandise Planner Salaries

Late-Career
up arrow 25%



National Average
$67,000


Skills That Affect Merchandise Planner Salaries




Microsoft Excel
up arrow 3%

Data Analysis
up arrow 1%

National Average
$67,000

Merchandising
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 124 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
34%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 85%
vision benefits Vision: 72% employee benefits None: 6%