Merchandise Planner Salary

A Merchandise Planner earns an average salary of $67,168 per year. Experience has a moderate effect on pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.

$47,482 - $92,741
$47K
$69K
$93K
MEDIAN: $68,860
10%
50%
90%

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$13.53 - $24.95
$14
$18
$25
MEDIAN: $17.97
10%
50%
90%

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$0$98K
Salary $47,482 - $92,741
Bonus $789 - $10,413
Profit Sharing $0.00 - $9,826
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).
)
$42,646 - $98,362
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 349
Hourly Data $0$31
Hourly Rate $13.53 - $24.95
Overtime $30.03
Annual Data $0$98K
Bonus $789 - $10,413
Profit Sharing $0.00 - $9,826
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).
)
$42,646 - $98,362
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 27

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

  • Decide what merchandise to buy based on past sales and market trend forecasts.
  • Suggest strategies for promotion and pricing based on current sales trends.
  • 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.

Common Career Paths for Merchandise Planner


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Merchandise Planner Job Listings

Popular Employer Salaries for Merchandise Planner

Popular Skills for Merchandise Planner

Pay by Experience Level for Merchandise Planner

Pay by Experience for a Merchandise Planner has a positive trend. An entry-level Merchandise Planner with less than 5 years of experience can expect to earn an average total compensation of $63,000 based on 229 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Merchandise Planner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $73,000 based on 124 salaries. An experienced Merchandise Planner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $82,000 based on 65 salaries. A Merchandise Planner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $98,000 based on 18 salaries.

Pay Difference by Location

National Average: $69,146

Larger city markers indicate a job is popular in that location.

Merchandise Planner Reviews

Q: What is it like working as a Merchandise Planner?

Merchandise Planner in Minneapolis:
"Great opportunities and heavy responsibility."
Pros: The exposure and responsibilities I have.
Cons: My compensation is below average.

Merchandise Planner in Los Angeles:
Pros: Being able to make recommendations, execute, and see your decisions directly impact business.
Cons: The industry and culture can be a harsh environment to learn and accept innovative solutions.

Related Job Salaries

Key Stats for Merchandise Planner

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 53 votes.
Less than 1 year
3%
1-4 years
48%
5-9 years
28%
10-19 years
16%
20 years or more
5%

Experience Affects Merchandise Planner Salaries

▲41%

▲19%

▲5%

National Average
$69,000

▼9%

Skills That Affect Merchandise Planner Salaries


▲2%


National Average
$69,000

Data Analysis
▼2%


Inventory Management
▼3%

Merchandising
▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 53 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
3%
1-4 years
48%
5-9 years
28%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 82%
vision benefits
Vision: 77%
no benefits
None: 9%