The average salary for a Merchandise Planner is $72,797.
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What Do Merchandise Planners Do?
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.
Most of the time,…Read more
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.
Job Satisfaction for Merchandise Planner
Popular Employer Salaries for Merchandise Planner
The top respondents for the job title Merchandise Planner are from the companies The Gap Inc., Ross Stores, Inc and The Home Depot Inc.. Reported salaries are highest at JCPenney where the average pay is $105,561. Other companies that offer high salaries for this role include The Gap Inc. and Nike, Inc., earning around $84,400 and $82,335, respectively. The Home Depot Inc. pays the lowest at around $59,762. Macy's, Inc. and Target Corporation also pay on the lower end of the scale, paying $68,784 and $79,996, respectively.
Merchandise Planner Job Listings
What Are Popular Skills for Merchandise Planners?
Skills in Forecasting, Strategic Planning and Inventory Management are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Data Analysis.
What is the Pay by Experience Level for Merchandise Planners?
An entry-level Merchandise Planner with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $55,882 based on 28 salaries. An early career Merchandise Planner with 1-4 years of experience earns an average total compensation of $67,427 based on 257 salaries. A mid-career Merchandise Planner with 5-9 years of experience earns an average total compensation of $78,327 based on 192 salaries. An experienced Merchandise Planner with 10-19 years of experience earns an average total compensation of $87,521 based on 101 salaries. In their late career (20 years and higher), employees earn an average total compensation of $91,166.
Pay Difference by Location
Employees with Merchandise Planner in their job title in San Francisco, California earn an average of 23.8% more than the national average. These job titles also find higher than average salaries in New York, New York (7.3% more) and Minneapolis, Minnesota (1.2% more). The lowest salaries can be found in Atlanta, Georgia (10.1% less), Los Angeles, California (1.8% less) and Chicago, Illinois (0.8% less).
Years of Experience
This data is based on 616 survey responses.