Retail Pricing Analyst

Retail Pricing Analyst

Requirements

• Bachelor’s Degree (Required) Business Administration, Economics, Statistics or related field or equivalent combination of education and/or experience required
• Three years’ experience in business analytics, retail analytics, or related area preferred; grocery experience a plus
• Ability to function independently
• Strong analytic skills (data collection, aggregation, and insights generation for decision-making) required
• Strong excel skills, experience SQL, etc.
• Understanding of retail pricing strategies
• Strong communication skills both written and verbal
• Advanced Computer Skills

Responsibilities

• Work cross functionally with Merchandising, OwnBrands, Business Insights, Marketing and Pricing Leadership teams to lead the development of regular and promotional category pricing strategies for all center store categories.
• Maintain and execute a pricing review schedule based on the merchandising team’s category review schedule, category importance and category contribution.
• Price Optimization Software Super User: Schedule, validate and load all competitive price check data for each category optimization.
• Provide analysis of competitive relationships, current & historic sales data, and cross elasticity relationships within each category.
• Build multiple category scenarios to validate pricing strategy (regular and promo) execution aligns with category roles and objectives.
• Develop optimal pricing rule sets and determine competitive index objectives.
• Present findings and recommendations to CM, upon approval send changes to retail.
• Develop scenario forecasting to be used for post implementation measurement.
• Use price optimization software and in-house measurement data to complete post implementation scenario analysis to validate forecasts vs. category objective working closely with CM.
• Perform scenario analysis on mature category pricing, report results with appropriate recommendations, adjusting as necessary.
• Develop trend driven reporting metrics on key categories to create and guide future and current pricing strategies.
• Use pricing tool to forecast the impact to sales, profitability and margin to drive optimal price changes, made on items between category reviews.
• Provide Support to retail hosting department as directed.
• Analyzes pricing trends and strategies against sales, profit unit movement, price perception objectives and goals.
• Participates in strategic planning for the pricing department, which includes setting yearly department and personal goals.

Preferred Qualifications

• Three years’ experience in business analytics, retail analytics, or related area preferred; grocery experience a plus