Pricing Strategist
Posted on: 5 Jan 2021
Coraopolis, PA
Job Description
Description
The Pricing Strategist plays a key role in the day-to-day function of the Pricing Strategy Department, and is responsible for executing and managing the pricing strategies aligned to by the Manager of Pricing Strategy, Senior Pricing Strategists, and the respective business unit management in Merchandising and Planning. The strategist will utilize analytical and quantitative tools and methods to guide decision making in matters of pricing. They will also incorporate competitive analysis and consumer purchase behavior insights into their pricing recommendations. The Pricing Strategist will incorporate Analytical tools such as Markdown Optimization, Regular Price Optimization and Promotion Optimization to maximize lifetime margin of our products.
* Become a subject matter expert for the Revionics Markdown Optimization tool. Use the tool to analyze, forecast, interpret, and execute scenarios in alignment with overall business objectives and managing markdowns.
* Participate in the completion of Special Projects as assigned by the Manager and Director.
* Lead meetings with buyers and planners and serve as a primary contact for Pricing Strategy for all buyers and planners in an assigned area.
* Provide training for buyers and planners on optimization process and pricing strategy.
* Manage all Aged Inventory liquidations for their assigned departments including creating, monitoring, reporting and executing the optimized events.
* Become a subject matter expert for the Revionics Regular Price Optimization tool. Use the tool in partnership with Sr. Pricing Strategist to recommend prices that support desired category strategies.
* Become a subject matter expert for our Promotion Optimization tools
Qualifications
* Bachelor's Degree in Business, Marketing or related technical field
* 3-5 years of experience
* Desired but not required to have previous retail price optimization experience
Dick's Sporting Goods
Coraopolis, PA
The Story begins ...
DICK’S Sporting Goods was founded in 1948 when an 18 year-old Dick Stack was working at an Army surplus store in Binghamton, New York. An avid fisherman, Dick was approached by the store owner to come up with a list of products needed to get into the fishing tackle business. After Dick presented his suggestions, the owner told him he was a dumb kid and had no idea what he was doing. Dick was upset and promptly quit. He went to his grandmother’s house where he spent a lot of time as a kid and told her what had happened.
Dick’s grandmother asked how much it would cost to build the store himself. Dick said it would cost $300. His grandmother then went to the cookie jar where she kept her life savings and gave him $300 and told him “do it yourself.” Dick used that money and his relentless work-ethic to open a bait-and-tackle shop in Binghamton. By the late 1970's, he expanded his product line to include much of what you’ll find at DICK’S Sporting Goods today.
...and lives on
Ed Stack is the current CEO and Chairman of DICK’S Sporting Goods. He and his siblings are responsible for taking two stores and growing the chain. DICK’S continues to offer the finest quality products at competitive prices, supported by teammates with a passion for sports. DICK’S Sporting Goods went public on the New York Stock Exchange on October 15, 2002 under the ticker symbol DKS.
Today, headquartered in Pittsburgh, PA, DICK'S Sporting Goods is a leading omni-channel sporting goods retailer offering an extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories. As of May 1, 2019, the Company operated more than 720 DICK'S Sporting Goods locations across the United States, serving and inspiring athletes and outdoor enthusiasts to achieve their personal best through a blend of dedicated teammates, in-store services and unique specialty shop-in-shops dedicated to Team Sports, Athletic Apparel, Golf, Lodge/Outdoor, Fitness and Footwear.
DICK’S also owns and operates Golf Galaxy and Field & Stream specialty stores, as well as DICK’S Team Sports HQ, an all-in-one youth sports digital platform offering scheduling, communications and live scorekeeping through its GameChanger mobile apps, free league management services, custom uniforms and fan wear and access to donations and sponsorships. DICK'S offers its products through a content-rich eCommerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront.
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IndustrySport/Fitness
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No. of Employees30,300
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Website
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Jobs Posted5605
