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News and Events

  •  Outlook for Holiday Shopping 2013!

    Monday, Dec. 2, 2013
    Get RMI's Exec. Director, Dale Achabal and Director, Kirthi Kalyanam's perspective on the hot holiday topic.
  •  Attention RMI Alums!

    Tuesday, Nov. 26, 2013
    Charlotte Russe Is Looking for a Pricing Coordinator!
  •  Alums! Stella & Dot is looking for an Inventory Accountant!

    Friday, Nov. 1, 2013
    Have an eye for fashion? Team Leader driven by success? If ‘mediocrity’ and ‘just good enough’ make you cringe, if you are a brilliant, energetic, organized, creative, self-motivated and ready to take charge in a key role at an innovative company with an entrepreneurial spirit this could be the job for you.
  •  Event: The Ethics of Online Price Discrimination

    Wednesday, Oct. 23, 2013
  •  MOSEY is Looking for a Sr. Application Architect/Backend Developer!

    Wednesday, Oct. 16, 2013
    Mosey is an online + mobile ecosystem of user-generated micro-guides. Think of it as a digital platform for friends, influencers and brands to build the perfect 4 hours—like The New York Times 36 Hours, but more digestible and in a socially connected space of following, sharing and experiencing.
  •  Stella & Dot is looking for TWO Inventory Planners!

    Wednesday, Oct. 16, 2013
    Join a world-class, hyper growth company with a seasoned executive team. Stella & Dot, one of INC 500’s fastest growing companies (rank 67) is a dynamic boutique style jewelry company with unlimited opportunity.
  •  Stella & Dot is looking for TWO Inventory Planning Analysts!

    Wednesday, Oct. 16, 2013
    Join a world-class, hyper growth company with a seasoned executive team. Stella & Dot, one of INC 500’s fastest growing companies (rank 67) is a dynamic boutique style jewelry company with unlimited opportunity.
  •  Shop. org Annual Summit 2013

    Monday, Jul. 8, 2013
    The Shop.org Annual Summit Student Program Agenda is here!
  •  Retailing of Tomorrow

    Monday, Jul. 8, 2013
  •  The Fit Club: How Service Solves the Sizing Problem

    Thursday, Apr. 25, 2013
  •  Is Google the new Apple?

    Monday, Feb. 25, 2013
  •  Fall 2012 Newsletter

    Friday, Feb. 8, 2013
  •  G. Hensler has two job openings!

    Monday, Jan. 7, 2013
    Attention RMI Alums and Seniors! G Hensler has two current job openings! One for an Account Manager and one for a Production Assistant.
  •  CBS Bay Area Interviews RMI Director, Kirthi Kalyanam!

    Wednesday, Dec. 5, 2012
    Dr. Kalyanam discusses JC Penny, the retailer's one and only sale of the year and how their "every day low prices" philosophy affects consumers.
  •  RSSA President Awarded the Ray M. Greenly Scholarship

    Friday, Nov. 30, 2012
    Alyssa Tomasello '13, RSSA President, was awarded the R M. Greenly Scholarship!
  •  CCTV Interviews RMI Executive Director, Dale Achabal!

    Friday, Nov. 30, 2012
  •  RMI Directors in the News this Holiday Season!

    Friday, Nov. 30, 2012
    Retail Management Institute executive director Dale Achabal and director Kirthi Kalyanam were in heavy demand by local, regional, national and even international media outlets for their insights into Black Friday.
  •  Macys.com President joins RMI Advisory Board

    Friday, Aug. 3, 2012
    The Retail Management Institute welcomes Kent Anderson as the newest Advisory Board member.
  •  Retail Studies students awarded the Jill Curran Scholarship

    Friday, Jul. 27, 2012
    Four Retail Studies students receive the 2013 Jill Curran Retail Studies Endowed Scholarship New York Trip.
  •  Congratulations to the 2012-13 RMI Scholarship Recipients!

    Saturday, Jun. 30, 2012
    We are pleased to announce that 9 of our Retail Studies Program students were awarded RMI Scholarships for the 2012-13 academic year.
  •  Walmart Executive joins RMI Advisory Board

    Friday, Jun. 29, 2012
    The Retail Management Institute welcomes Gisel Ruiz (SCU / RMI '92) as the newest Advisory Board member.
  •  RCME Presents - Ann Rhoades

    Thursday, Jun. 28, 2012
    Most leaders and managers know that a winning, engaged culture is the key to attracting top talent - and customers.
  •  The Retail Studies Program Goes to New York - NRF Conference 2012

    Thursday, Jan. 26, 2012
    The Retail Studies Program at Santa Clara University took 4 scholarship recipients to New York.
  •  Retail Studies Students Receive 2012 FSF Scholarship

    Tuesday, Dec. 20, 2011
    We are pleased to announce that 4 of our Retail Studies Program Students were awarded the $5,000 FSF (Fashion Scholarship Fund) for 2012.
  •  Interconnectivity of Online & Offline Worlds

    Monday, Dec. 5, 2011
    Kirthi Kalyanam (RMI director), of Santa Clara University, discusses the importance of an interconnected online and offline marketing experience for brands today.
  •  Amazing Retail Internships

    Monday, Nov. 14, 2011
    Watch our newest internship video to see what three of our seniors did this year at Hugo Boss, Levi, and Williams-Sonoma!
  •  RMI Joins Newly Launched National Retail Federation Student Association (NRFSA)

    Friday, Oct. 7, 2011
    The Retail Management Institute at Santa Clara University joins newly launched National Retail Federation Student Association (NRFSA).
  •  RCME Presents - Charlene Li

    Wednesday, Oct. 5, 2011
    October 24, 2011 9:30 am - 12:00 pm Santa Clara University - Lucas Hall
  •  RMI is on Facebook & Twitter!

    Wednesday, Sep. 28, 2011
    Join RMI on Facebook & Twitter!
  •  RMI Annouces New Advisory Board Member - Vicki McWilliams

    Tuesday, Aug. 23, 2011
    The Retail Management Institute announces the addition of Vicki McWilliams, Executive Vice President (Retail & Business Sales) at Pottery Barn, to its advisory board.
 
RSS

News and Events

News and announcements from the Retail Management Institute.

  •  Outlook for Holiday Shopping 2013!

    Monday, Dec. 2, 2013

    The number-one item on CardHub’s holiday wish list was a gift-wrapped package full of expert insight on the outlook for holiday-season spending. We must have been very good this year, because Santa delivered early. And we’re ready to share it all with you.

    2013 has been a tumultuous year for many Americans, with sequestration, the government shutdown, and now the uncertainties associated with Obamacare casting a long shadow over the impulse to spend freely.

    The National Foundation for Credit Counseling (NFCC) recommends that consumers give themselves the gift of not overspending this season. That may be a gift within reach, as a recent NFCC poll indicates that 86% of respondents intend to either spend less than they did last year on holiday purchases or to spend nothing at all. Only 11% of respondents intend to spend much as they did last year, and a mere 3% reported that their financial positions are strong enough to spend more than last year. It’s worth noting that poll respondents were all visitors to the NFCC website, but signs of malaise can be found elsewhere as well. The Conference Board’s Consumer Confidence Index, for example, dropped over 10% between September and the end of October.

    On the other hand, the National Retail Federation (NRF) predicts an uptick in holiday spending. The stock market hit record highs this year, and a strong stock market tends to increase the discretionary spending of the wealthy. While employment and wage levels have not increased much, they haven’t decreased either.

    Economic indicators aside, everyone agrees that E-Commerce continues to be on the increase, with so-called Omni-channel retailers enjoying a particular advantage. Those are the retailers that market their wares through multiple venues such as brick-and-mortar stores, online services, mobile devices, and catalogues. Gift cards will continue to play a major role in holiday giving—no surprise there.

    If you’ve looked at a calendar lately, however, it might have surprised you to see that this year there are only 26 days between Thanksgiving and Christmas. The two holidays cannot possibly get any closer together, and that’s going to put a squeeze on retailers. Some of the major outlets are responding by making the controversial decision to be open on Thanksgiving Day. Will that provide a new opportunity to bring in eager shoppers, or will it backfire? We’ll find out soon enough.

    One thing’s for sure: in the coming weeks, we’ll all be hearing jingle bells. But is that sound more likely to be coming from cash registers ringing up millions of purchases or from the loose change that people refuse to spend? There’s no clear consensus on that yet, but our experts have some very interesting observations to share.

    The Experts: Who’s Who

    • Dale Achabal, L. J. Skaggs Distinguished Professor, Executive Director, Retail Management Institute, Santa Clara University, Leavey School of Business
    • Robert Blattberg, Professor Emeritus of Marketing, Northwestern University, Kellogg School of Management
    • Christopher Groening, Assistant Marketing Professor, Kent State University
    • Kirthi Kalyanam, J.C. Penney Research Professor, Director – Retail Management Institute, Leavey School of Business, Santa Clara University
    • Amanda Nicholson, Associate Dean, Undergraduate Programs, Professor of Retail Practice, Syracuse University, Whitman School of Management
    • Akshay R. Rao, Professor of Marketing, General Mills Chair in Marketing, University of Minnesota, Carlson School of Management
    • David Strutton, Professor of Marketing & Logistics, Director, New Product Development Scholars Program, University of North Texas

    Dale AchabalDale Achabal, Santa Clara University

    •  What is your forecast for the 2013 holiday shopping season?  What trends should we be on the lookout for, and how will this year differ from years past?

    Expect sales overall to be up slightly, with significant growth continuing in online retail as consumers continue to find the convenience and savings (prices) attractive.

    Strength of the Omni-channel efforts of traditional B&M [brick and mortar] retailers will help them mitigate the efforts of pure-plays who don’t offer consumers the chance to look at and feel the product.  Store-based retailers don’t need to be the lowest price (for most purchases), they just need to be in an “acceptable zone” and offer service and immediate availability.  Big ticket items will continue to be impacted by show-rooming if retailers don’t differentiate themselves through product knowledge, service, targeted assortments, etc.

    •  To what extent will the government shutdown affect consumer buying habits this holiday season?

    I don’t think the shutdown will have a major impact on buying for the general population now that a short-term resolution has been developed to carry us into 2014.  Those most impacted (government employees furloughed in the 2013 shutdown) will be cautious and put aside a little “rainy day” money in case Congress continues to fight like spoiled children.

    •  Which retailers stand to be the biggest winners and losers this holiday season?

    Winners will be those companies that are truly Omni-channel, giving consumers choices in purchasing via stores, web, catalog, and mobile in a seamless manner. This would range from Nordstrom to WalMart.  Also, some “pure plays” like Amazon with their ‘endless aisle’ assortments and rapid fulfillment.

    •  Will gift cards continue to be the most popular type of present?

    Gift cards are with us to stay as they make it easier for the gifters and are well accepted by the receivers.   I don’t see a continued surge (in growth) as consumers place more emphasis on personalizing their holiday gifts vs. just spending money and ‘getting it over with.’

    •  What is the outlook for holiday travel this year?

    It appears that demand is up, along with prices of tickets, as airlines continue to restrict capacity.

     


    Robert BlattbergRobert Blattberg, Northwestern University

    •  To what extend will retailers need to adjust their marketing pitches and expectations for the holiday sale in the light of the government shutdown and lingering economic concerns?

    I think the bigger issue is actually Obamacare. The shutdown was too early…it might have a very small effect. But the people are back working, they’re getting paid, and they got back-paid. I think it would be a major distraction for the economy if it’d gone on but in terms of the holiday season, I think it’s a minor distraction.

    •  You mentioned Obamacare. How do you think that will play into things?

    Well, I think it’s the uncertainty that people have about what’s going to happen to their healthcare, what’s going to happen to the cost of their healthcare and so on. And so when consumers are…highly uncertain about their economic prospects and concerned about risk, it can affect their willingness to spend. So, you know, I don’t know what the data are, how many people are really affected, but I think there’s a lot of fear out there about what Obamacare is going to mean. “Am I going to lose my insurance?” “Are my premiums going to go up?” “I can’t sign up” etc. And it’s all going to happen over the holiday season and so it could be disruptive. It’s hard to know because nobody really knows what’s going to happen.

    •  How do you think the shopping season this year will compare to previous years? Are there mainly any particular trends that are unique to this year?

    I did an analysis a number of years ago and I was able to show that how the stock market did affected holiday spending. And the stock market has done phenomenally well this year. Obviously there are some headwinds in the economy and so on but the richer segment, they’re feeling significantly because of the 20 – roughly 25% increase on the stock market. So actually I think this is going to be a better year. On the high end, it’s going to be what the stock market does, and with the lower-income groups it’s going to be issues associated with what’s going to happen with respect to their…what I call cash flow. Things like our oil prices are high, so the gasoline is expensive. So I think that in spite of all the negative discussions about what’s going on with the consumer, things are actually better than they were last year.

    Unemployment is coming down a little. That’s a deceptive statistic because it’s really how many people are employed, not how many people are unemployed and that number isn’t really increasing very much but it’s not declining. Government debt is coming down.

    There was a big drop in government employment last year at a state and local level. That’s changing and it’s starting to come back. So things are actually, in spite of everything, better than they were last year.

    •  How does that jibe with the kind of reports and surveys on holiday shoppers that said they’ll be spending less on average this year?

    Well, people say that. The question’s going to be what they do, and I always like to think about what is the cash that they have in their pocket? The question is, “Do they have more cash this year than they did the last?” The answer is on the high end definitely yes. On the low end, you know, that’s where Obamacare could really have an impact. But if Obamacare doesn’t have an impact, people are about as well-off this year as they were last year in the lower and middle income groups. So people may be saying that, but the data expects that things are a little better. I’m not saying it’s a boom year but I don’t think it’s as dire as some people have been saying.

    •  An increasingly important issue is the trade offer on consumers based on shopping in brick and mortar stores versus online. How big of a showroom effect will there be this holiday season and which particular retailers would be most susceptible to that?

    Well I think everybody always uses electronics retailers as the most susceptible to that effect. You go into Best Buy and find out that you want to buy a 48 inch flat screen TV. It’s a Samsung or a Sony or whatever the brand name is. You then go online, search for the lower price, and all of a sudden you’re buying it online.

    So I think that’s where the goods are easily purchased once you know the model numbers. That’s where the showroom effect is significant. So electronics, photography, all those types of products are more easily shopped online after you’ve seen the products in the showroom. But I think the general trend is more and more online shopping. For two reasons: One is convenience and secondly…if you know what you want, you can get the inventory that you want and they’ll tell you right on the spot is it available or not. So when you go to a store and you’re buying a gift, you may not be buying what you want and so online is a lot more efficient for consumers. And you know all the trends are that online is growing at a much faster rate than brick and mortar obviously and brick and mortar may be depending upon the category decline. So you know, I would say that in the Christmas season online is just going to continue to grow and you know, whether you want to call it a showroom effect or an efficiency effect, it’s here to stay and so it’ll obviously have an effect on brick and mortar retailers.

    •  What are the best practices in terms of turning increased holiday traffic into year-round sales increases?

    One efficient way to do it are things like gift cards. And so the advantage of a gift card is that you can get people into the store after the season ends. Now of course most gift cards January is the month that they’re redeemed so that then at least it increases the number of visits that you get. In terms of really translating the Christmas traffic into long-term purchasing behavior, it depends upon how novel your idea is and how sophisticated your use of database marketing is. But even with sophisticated users of database marketing there’s a limit. You know, there’s so much competition at the retail level that there are a few exceptions. But in general it’s tough to convert the Christmas traffic into real loyalty because consumers are out looking for better prices. Obviously people like Amazon are providing very good service, good prices and so they’re likely to keep consumers. But if I go to a typical department store, everybody is selling the same products. So uniqueness is really important. And so to the extent you can find retailers that have unique offerings. They may be able to translate that into loyalty but there aren’t very many of those.

    •  What effect will there be from stores pushing up their Black Friday hours?

    I think what they know is that it’s the busiest day of the year and the more people they can get in the store during that day, the better off they are. Plus consumers want to shop earlier and earlier. I mean some people want to go at 1:00 in the morning. The only issue with that is, is there a dip after a Black Friday, you know, the day after Thanksgiving, what happens in terms of the sales in the next week or two weeks? So, to the extent that it’s incremental sales, it’s advantageous. If it’s not incremental—and I don’t know the answer as to whether it will be incremental—to the extent that it’s not incremental, then you just increased your cost. But everybody’s trying to be out there early because the competition is going to be out there early. And so if the consumers are going to be in my competitor’s stores, I’d better be open. So there’s a name for this, it’s called the prisoner’s dilemma. I won’t go through it but the idea is that if I don’t do it and my competitors do, I lose. If I do it and they don’t do it, I win. And if we both do it, we’re worse off. But that’s what’s happening. And they’re probably both a little worse off because their costs have gone up

    •  Is there any risk of alienating consumers by pressuring them be out shopping on Thanksgiving afternoon or evening when the sales start?

    I’m not sure. It depends upon how long the sales and the offers are. I think that the reason the stores want to do it is that a lot of people have Thanksgiving say at lunchtime. Or they want to go shopping before, and then they go and have Thanksgiving dinner. So it’s a day when people aren’t working. What’s really happening in retail is that it’s all about convenient hours and when consumers want to shop. So if consumers want to shop on Thanksgiving, you know, I’m not going to shop on Thanksgiving but it doesn’t alienate me. Now I don’t want to over-generalize from myself but you know, all they’re doing is giving greater convenience to the consumers and I don’t think that’s a negative.

     


    Chris GroeningChristopher Groening, Kent State University

    •  To what extent will retailers need to adjust their marketing pitches and expectations for holiday sales in light of the government shutdown and lingering economic concerns?

    I don’t see any effect. All government workers were paid in full and the disruption occurred before the holiday shopping season got underway. Moreover the workers were told they would be paid in full one day after the shutdown began.

    •  How will holiday marketing efforts in 2013 differ from those in 2012?  Will there be any new themes, tools, technological advances, etc.?

    I suspect the stories will be much the same as last year. Increases in online purchasing, faster online delivery times (see Amazon on Sunday delivery). Stores trying to combat show-rooming. Giant discounts. Stories about underemployed people not purchasing as much as they’d like for the holidays interspersed with stories about segments able to afford bigger purchases this year because they did get a job. The economy is a bit less of an issue this year. New gaming consoles are coming out.

    One things that may occur is that we may see advertising for apps or online retailers to a much larger extent than in the past. If not this year then next year. Firms are spending a lot on resources to improve the online shopping experience, and apps are launching entire companies.

    •  How are retailers dealing with the ease with which consumers can compare prices and shop online?

    This issue is a tough one. We discuss this issue in my class every semester. Price matching helps and there was a recent WSJ article about Best Buy where they claimed that price matching would solve show-rooming. However, many online places will have some form of free shipping, especially around the holidays. So, why purchase something, wrap it, then mail it to someone when I can just order it online and have it shipped to the recipient for free?  Another possible alternative is for stores to carry unique items that cannot be purchase online from a competitor. In my opinion, that sounds great but is very hard to execute. Target carrying a unique version of Taylor Swift’s recent release is probably a good example. People come in the store for that and then purchase other items.

    •  How can retailers use marketing to turn holiday shoppers into year-round customers?

    Again, this is a tough issue. We’re driven by price to such a great extent. The usual convenience, customer service, and quality items will help to some extent. It is very difficult to compete on price alone so firms must figure out other unique competitive advantages—things to develop a relationship with the customer. Giant Black Friday type sales are not likely to accomplish the goal.

     


    Kirthi KalyanamKirthi Kalyanam, Santa Clara University

    •  What is your forecast for the 2013 holiday shopping season?  What trends should we be on the lookout for, and how will this year differ from years past?

    There are fewer shopping days between Thanksgiving and Christmas this year—26 days, which is the low end of the 26-32 day window.  I believe this has some impact. However retailers know this, and should have forecasted this and planned for it.

    There is also quite some disparity between forecasts from the National Retail Federation, and other sources. This suggests uncertainty in the environment.  I think the government shutdown has a role, but is there is something else going on that we are missing?

    E-Commerce is going to have an edge.  E-Commerce historically has been able respond to demand signals faster and quicker than multi-channel retailers.  They have better analytical capabilities.  Amazon has added Sunday delivery with USPS. Google has announced Shopping Express a same day delivery service.

     


    Amanda NicholsonAmanda Nicholson, Syracuse University

    •  What is your forecast for the 2013 holiday shopping season?  What trends should we be on the lookout for, and how will this year differ from years past?

    Cloudy with occasional bursts of sunshine.

    • Fewer shopping days this year between Thanksgiving and Christmas—a big factor for retailers—dropping from 32 in 2012 to 26 this year.
    • Continued uncertainty over the economy.
    • Early promotions indicate retailer nervousness and consumers bargain-consciousness.
    • Negative impact of higher social security taxes is fading—a plus.
    • NRF predicting a 3.9% increase to $602 billion – they are generally the most optimistic forecasters.
    •  To what extent will the government shutdown affect consumer buying habits this holiday season?

    Some analysts are predicting that consumers will reduce their holiday gift budgets this year by about 2% (NRF), plus slow job growth and small wage gains appear to have made Americans more nervous about charging goods and services to their credit cards.

    Borrowing appears to be more focused on urgent needs—the Federal Reserve Bank of New York’s quarterly report (2nd quarter) showed that student loan debt has been the biggest factor in borrowing increases since the end of the great recession.

    Statistically measured policy uncertainty has a very weak and very short term relationship with retail spending (ICSC).

    The confidence curve measured by household income shows strength at the high end, but remains weak at the low end (ICSC).

    •  Which retailers stand to be the biggest winners and losers this holiday season?

    Those that offer promotions earlier will be shopped by consumers who are planning to take advantage of prices and promotions. Target, Macy’s, JC Penney, and Kohl’s are all planning to be open Thanksgiving Day.  Toys R Us hosted its annual holiday preview in September. K-Mart aired its first holiday ad in early September.

    Other winners will be Omni-channel retailers who provide a seamless experience. Browse and buy online, pick up in stores, etc.

    Mobile commerce growth is anticipated to be the highest. 2013 figures are estimated to be arou

  •  Attention RMI Alums!

    Tuesday, Nov. 26, 2013

    Charlotte Russe is looking for a Pricing Coordinator!

    Job Title: Pricing Coordinator
    Department: Merchandise Planning
    Reports To: Merchandise Planner / Manager Merchandise Planning
    FLSA Status: Non-Exempt

    THE DISH ON CHARLOTTE RUSSE

    Our History: Named after the delicious French dessert, Charlotte Russe began its sweet journey in 1975 with the first store opening in Carlsbad, California. Putting a spotlight on women in their teens and early twenties, our store offered access to major fashion trends at value-oriented prices. And over a few exciting decades, the mall-based chain went from 35 stores in Southern California to 500+ stores across the United States and Puerto Rico. Us Today: True to our California roots, Charlotte Russe is headquartered in sunny San Diego with creative offices just a skip up the coast in San Francisco. Among fab, fashion-forward merchandise, we also serve up proprietary Charlotte Russe and Refuge brands that our clientele loves. Check us out online or pop into one of our retail locations to see where all the fabulosity happens. Live. Work. Laugh. In style. We love what we do at Charlotte Russe, and it shows in our employees—amazing, dedicated people with an eye for style. We work together seamlessly—like a great outfit—but we're always on the lookout for superstar additions. If you love fashion and an exciting, innovative workplace, then come join us!


    General Summary
    The Pricing Coordinator collaborates with their supervisor in managing pricing and promotions. Brand promotions and category pricing are critical to the financial success of the business and the management o f its execution, assessment of its effectiveness, and collaborative communication across teams are critical in ensuring promotions go off without a snag.


    Essential Duties and Responsibilities

    • Manage, run, and troubleshoot multiple reports critical to the assessment of the business by all business partners in the brand
    • Communicate all changes and updates to promotions with all cross –functional teams
    • Execute all promotions and markdowns in the system
    • Recap weekly promotions performance
    • Manage all pricing and promotion compliance issues from the stores
    • Ac as user liaison for systems issues in regards to pricing and promotions
    • Partner with IT where appropriate to ensure integrity of data used in our systems at all times
    • Maintain all documentation relating to our reporting tools

    Skills & Qualifications

    • Bachelors degree or equivalent experience
    • 0-2 years of retail merchandise planning or inventory management experience
    • Solution driven with the ability to track performance and measure results
    • Self-starter and highly motivated, capable of balancing multiple priorities in a high intensity environment Possess exceptional organizational and time management skills
    • Collaborate across peer group to identify and adopt best practices
    • Demonstrated proficiency in Microsoft Excel, with aptitude to learn technical applications quickly
    • Ability to influence and effectively negotiate with cross- functional business partners
    • Ability to set priorities and clear objectives that ensure team goals and objectives are met or exceeded
    • Strong communication, presentation and interpersonal skills; effective in a variety of presentation settings.
    • Strong analytical and critical thinking skills
    • Possess a working knowledge of financial measurements and how to impact them
    • Passion for fast fashion retail ; possess the agility, attention to detail and sense of urgency required to work in a fast-paced and changing environment
  •  Alums! Stella & Dot is looking for an Inventory Accountant!

    Friday, Nov. 1, 2013

    Inventory Accountant
    Have an eye for fashion? Team Leader driven by success? If ‘mediocrity’ and ‘just good enough’ make you cringe, if you are a brilliant, energetic, organized, creative, self-motivated and ready to take charge in a key role at an innovative company with an entrepreneurial spirit this could be the job for you.
    Stella & Dot, one of Inc 500’s fastest growing companies (http://www.inc.com/inc5000/profile/stella-dot), and backed by Sequoia Capital and Radar Partners, is a billion-dollar global brand in the making. Join a world-class, hyper growth company with a seasoned executive team. Stella & Dot, one of INC 500’s fastest growing companies (rank 67) is a dynamic boutique style jewelry company with unlimited opportunity. Stella & Dot’s innovative business model combines the best of social selling of luxury goods with e -commerce, retail merchandising and social media. Our mission is to revolutionize entrepreneurial opportunities for women (and a few good men) by reinventing the category and creating the modern business opportunity, our Social Selling platform. We’ve already created over 16,000 dream jobs that help each of our independent sales entrepreneurs, whom we call Stylists, live more bold and joyful lives. Our Stylists earn meaningful income by selling our irresistible line of jewelry, both online and in person. Stella & Dot is a profitable, cash flow positive, debt-free, dynamic and rapidly growing company with unlimited opportunity. Stella & Dot has been featured been featured on CNBC’s Power Lunch, in the New York Times, the Wall Street Journal, on The View, The Today Show, and in countless fashion magazines such as InStyle and Lucky. Visit us at www.stelladot.com.
    JOB MISSION: Your job as an Inventory Accountant is to take initiative and creative thought to a new level in accounting. You’ll be the right-hand person to our Senior Inventory Accountant , and help with processes ranging from the creation of new SKUs with our Inventory Planning Department, tracking receipts/ shipments/ sales of our products, entering in data to our accounting system, and assisting with month-e nd reconciliations of inventory located in our warehouses in the US, Canada and Belgium.
    We are seeking a person who is: Energetic, passionate and motivated Takes direction and can also work very independently, taking responsibility for tasks, deliverables and deadlines Gets “out of the chair” to work with other team members within Finance, and with other departments to collaborate and provide assistance to our team Friendly, cheerful, personable, team oriented – a perpetual optimist Absolutely flawless communications both orally and in writing- no grammatical mistakes Meticulous about spreadsheets and can find the error of $.01 when needed Loves our product, our brand, our manifesto and our mission and would “fall on the sword” when representing our company to others Innovative, creative and takes problem-solving to a whole new level Doesn’t mind, and actually loves, getting hands into details and working with enormous volumes of data.
    PRIMARY JOB RESPONSIBILITIES
    • Management of inventory and cost, month-end closing, journal entries preparation, inventory valuation, inventory roll forward, etc.
    • Reconcile inventory, receivables and COGS accounts to general ledger.
    • Monitor systems to assure timely inventory transaction costing in accordance with company
    accounting policy
    • Work closely and proactively with various groups in US as well as the European team to assure that inventory transaction flows smoothly and the accounting is consistent with financial and management reporting.
    • Manage receipt posting, cycle count program, analyze inventory adjustments and assist the warehouses with inventory related issues
    • Maintain internal control documentation and test internal controls for inventory
    • Assist Accounting team in liaison with external auditors on any issues related to inventory
    • Assist in creation, writing and testing of “Process & Procedure” documents created in the Finance Department, giving feedback and offering suggestions to improve existing procedures
    • Maintain item setup and assist Inventory Planning team with purchase order creation in our GL system.
    Specifically, you should have:
    • BA/ BS in Finance or Accounting, Business Administration or related field
    • Proficient with Microsoft Office, Web Based Applications
    • Excel knowledge including pivot tables, vlookups, and other advanced database functions
    • Exposure to Great Plains Accounting System and FRx Reporting Tools
    • Strong interpersonal and communications skills, tact, diplomacy and graciousness
    • Detail-oriented, but able to “see the forest beyond the trees” as well
    • Experience with creating exception-based reports, reconciliation of large volumes of data, and ability to follow through on projects to completion
    • 2-5 years practical experience in the accounting field
    COMPENSATION
    Competitive compensation, including base salary, and performance based annual bonus.
    If you are interested in applying, please go to our website: http://www.stelladot.com/about/careers.

  •  Event: The Ethics of Online Price Discrimination

    Wednesday, Oct. 23, 2013

    This panel discussion will address the legal, economic, ethical, and technological aspects of the increasingly common practice of differential pricing online.

  •  MOSEY is Looking for a Sr. Application Architect/Backend Developer!

    Wednesday, Oct. 16, 2013

    Mosey Senior Application Architect / Backend Developer
    Mosey is looking for a senior application architect/backend developer to join our team. Your role
    will be to work with our Development Lead and Product Lead to create an extraordinary web
    platform that delivers an amazing user experience.
     
    Our culture is one of empowering engineers to have creative freedom. In addition to writing high
    quality software, we seek an individual who will embrace: designing features, making intelligent
    product decisions, programming at all levels of the stack, and the wearing of many hats.
     
    We are looking for a talented engineer who shares similar values and who is looking to join our
    family. Above all we look for passionate individuals who enjoy the craft and seek to live balanced
    and happy lives.
     
     
    What you get to do every day:
    - Architect, build, and maintain the server-side of our web application and partner platform.
    - Scale your code smoothly across multiple processes, servers, and databases.
    - Provide solutions designed to be maintainable, secure, fast and future forward.
    - Ability to prioritize and multitask in a workplace where many things are happening at once.
     
     
    What you bring to the role:
    - BS in Computer Science or equivalent and a MINIMUM of 5 years experience developing
    scalable web based systems
    - Strong Software Engineering skills, with the ability to learn and apply new algorithms
    - Experience in using Memcached and writing RESTful APIs
    - Expertise in server side languages, notably: PHP and its associated frameworks
    - Strong MySQL and NoSQL skills
    - Comfortable working in a fast paced environment
    - Able to work in an Agile development environment
    - Knowledge of jQuery, CSS a plus
     
     
    Competitive market rate salary and benefits, plus equity compensation included in employment
    package.
     
    About Mosey
    Mosey is an online + mobile ecosystem of user-generated micro-guides. Think of it as a digital
    platform for friends, influencers and brands to build the perfect 4 hours—like The New York Times
    36 Hours, but more digestible and in a socially connected space of following, sharing and
    experiencing. And with all of those amazing experiences captured, Mosey is a destination, a
    search engine, for local experiences anywhere in the world.
     
    A great date night? A leisurely Sunday morning? After work with friends? Follow those you trust
    for their insider view or be the guru and make a Mosey for others to see and experience.
     

    Interested parties should contact myra@mosey.com

  •  Stella & Dot is looking for TWO Inventory Planners!

    Wednesday, Oct. 16, 2013

    Inventory Planner
    Join a world-class, hyper growth company with a seasoned executive team. Stella & Dot, one of INC
    500’s fastest growing companies (rank 67) is a dynamic boutique style jewelry company with unlimited
    opportunity. Our mission is to revolutionize entrepreneurial opportunities in direct sales by reinventing
    the category. Think a modern day and stylish version of Mary Kay, blended with social networking and
    ecommerce. Stella & Dot has been featured in the New York Times, the Wall Street Journal, on The
    View, The Today Show, and in countless fashion magazines such as InStyle and Lucky.
    If ‘mediocrity’ and ‘just good enough’ make you cringe, if you are a brilliant, energetic, organized,
    creative, self-motivated and ready to take charge in a key role at an innovative company, this could be the
    career for you. Please read more about us at stelladot.com.
    Brief Description:
     
    The Inventory Planner at Stella & Dot will assist in all purchasing and is responsible for the availability
    of products from all suppliers to meet customer service level goals while simultaneously maintaining
    inventory level objectives. This position will continually work to reduce lead times, improve product
    turns, improve customer service levels, maintain efficient inventory levels and eliminate excess and
    obsolete stock.
     
     
    Description:
     
    The position requires someone with functional experience including: inventory planning methodologies
    as they apply to the demand planning, the ability to analyze and process large amounts of data, and strong
    quantitative and analytical skills and ability to solve complex problems. The ideal candidate must be able
    to multi‐task with the ability to manage projects with a strong attention to detail, give and receive
    feedback, and possess strong interpersonal, written, and verbal communication skills.
     The Inventory Planner assists in the development, execution and communication of merchandise
    financial plans and strategies that support the merchandising, marketing, and financial objectives
    of a division/department.
     Assist in managing the financial success of a division/department or class by meeting sales, gross
    margin and inventory productivity goals.
     Analyze historical data and current trends. Identify risks and opportunities by
    division/department or class and solicit ideas for issue resolution.
     Participate in formulation of pre-season strategy with merchant Create pre-season financial sales
    and inventory plans by department, classes and/or style.
     Participate in reconciliation of top-down to bottom-up plans.
     Recap and review actual sales performance weekly/monthly to plan.
     Re-project in-season sales and inventories on a weekly/monthly basis.
     Identify risks/opportunities and develop action plans to achieve financial goals (open to buy).
     Re-forecast sales and manage inventory for all basic styles to meet financial goals.
     Partner with Manager in managing division level markdowns and strategies.
     Communicate financial results to manager and cross-functional team on a weekly basis.
     Able to build and maintain productive relationships with planning and cross-functional teams
    Provide manager with timely feedback on personal developmental and training needs.
     
     Actively participate in company sponsored planner training programs.
     
    Qualifications:
     Ability to organize and prioritize workload to meet deadlines
     Demonstrates logical analysis and problem solving skills
     Possesses an ability to understand financial measurements and how to impact them
     Demonstrates strong listening, written and oral communication skills
     Able to build and maintain productive relationships
     Technology proficiency, including the ability or aptitude to learn technical applications
     Proficient in Microsoft Excel
     Bachelor's degree or equivalent experience required
    2+ years analytical experience, preferably in a specialty retail
    2+ environment eCommerce experience strongly preferred
     
     
    If you are interested in applying, please go to our website: http://www.stelladot.com/about/careers.
     

  •  Stella & Dot is looking for TWO Inventory Planning Analysts!

    Wednesday, Oct. 16, 2013

    Inventory Planning Analyst
     
    Join a world-class, hyper growth company with a seasoned executive team. Stella & Dot, one of INC
    500’s fastest growing companies (rank 67) is a dynamic boutique style jewelry company with unlimited
    opportunity. Our mission is to revolutionize entrepreneurial opportunities in direct sales by reinventing
    the category. Think a modern day and stylish version of Mary Kay, blended with social networking and
    ecommerce. Stella & Dot has been featured in the New York Times, the Wall Street Journal, on The
    View, The Today Show, and in countless fashion magazines such as InStyle and Lucky.
    If ‘mediocrity’ and ‘just good enough’ make you cringe, if you are a brilliant, energetic, organized,
    creative, self-motivated and ready to take charge in a key role at an innovative company, this could be the
    career for you. Please read more about us at stelladot.com.
    Brief Description:
     
     
    The Inventory Planning Analyst assists in the development, execution and communication of
    merchandise financial plans and the associated administrative duties. This position reports to the VP of
    Inventory Planning and will work in our San Bruno, CA HQ.
     
     
    Description:
     
    The position requires someone with the ability to analyze and process large amounts of data, and strong
    quantitative and analytical skills and ability to solve complex problems. The ideal candidate must be able
    to multi‐task with the ability to manage projects with a strong attention to detail, give and receive
    feedback, and possess strong interpersonal, written, and verbal communication skills.
     The Inventory Planning Analyst assists in the development, execution and communication of
    merchandise financial planning, administration and strategies that support the merchandising,
    marketing, and financial objectives of a division/department.
     Assist in managing the financial success of a division/department or class by meeting sales, gross
    margin and inventory productivity goals.
     Enter and analyze inventory data using Excel
     Analyze historical data and current trends. Identify risks and opportunities by
    division/department or class and solicit ideas for issue resolution.
     Participate in formulation of pre-season strategy with merchant Create pre-season financial sales
    and inventory plans by department, classes and/or style.
     Partner with Inventory Planners in creating pre-season financial sales and inventory plans
     Participate in reconciliation of top-down to bottom-up plans.
     Recap and review actual sales performance weekly/monthly to plan.
     Re-project in-season sales and inventories on a weekly/monthly basis.
     Identify risks/opportunities and develop action plans to achieve financial goals (open to buy).
     Re-forecast sales and manage inventory for all basic styles to meet financial goals.
     Partner with Planners in managing division level markdowns and strategies.
     Communicate financial results to manager and cross-functional team on a weekly basis.
     Able to build and maintain productive relationships with planning and cross-functional teams
     Provide manager with timely feedback on personal developmental and training needs.
     
     Actively participate in company sponsored planner training programs.
     
    Qualifications:
     Excellent knowledge of Excel
     Ability to organize and prioritize workload to meet deadlines
     Demonstrates logical analysis and problem solving skills
     Possesses an ability to understand financial measurements and how to impact them
     Demonstrates strong listening, written and oral communication skills
     Able to build and maintain productive relationships
     Technology proficiency, including the ability or aptitude to learn technical applications
     Proficient in Microsoft Excel
     Bachelor's degree or equivalent experience required
    0-2 years analytical experience, preferably in a specialty retail
    0-2 years experience in an ecommerce environment experience strongly preferred
     
    If you are interested in applying, please go to our website: http://www.stelladot.com/about/careers
     

  •  Shop. org Annual Summit 2013

    Monday, Jul. 8, 2013

    The Shop.org Annual Summit 2013 Student Program Agenda is now available!

    Building off of the inaugural Student Program presented at Retail’s BIG Show in January, the Foundation aims to showcase to hundreds of the brightest students and educators from across the country the innovative and technology driven careers they didn’t know exist in retail, provide an opportunity to network with retail recruiters, and hear career advice directly from executives and CEOs leading the way in digital retail.

    The program is only open to registered students and educators.

    For the full agenda click below.

    http://summit13.shop.org/student-program

  •  Retailing of Tomorrow

    Monday, Jul. 8, 2013

    Dr. Kalyanam discusses how retail education is evolving with the changes in the industry.

  •  The Fit Club: How Service Solves the Sizing Problem

    Thursday, Apr. 25, 2013

    RMI's Director, Kirthi Kalyanam, discusses the perpetuating problem of sizing and how it effects eCommerce.

RMI 
 
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