Avg. Base Salary (USD)
The average salary for a Merchandise Planner is $74,997
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 $56,783 based on 28 salaries. An early career Merchandise Planner with 1-4 years of experience earns an average total compensation of $67,145 based on 216 salaries. A …Read more
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 …Read more
- 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.