Allocation Analyst

Are you a detail-oriented and analytical individual looking for an exciting career opportunity? Look no further! TJX Companies is currently seeking a highly motivated Allocation Analyst to join our team. In this role, you will play a crucial role in the allocation of merchandise to our stores, ensuring that our customers have access to the latest and greatest products. We are looking for someone with a strong understanding of retail operations and a passion for driving business results. If this sounds like you, we encourage you to apply and join our dynamic and fast-paced environment at TJX Companies.

1. Analyze sales data and market trends to determine optimal merchandise allocation strategies.
2. Collaborate with cross-functional teams to understand store needs and develop allocation plans accordingly.
3. Monitor inventory levels and make adjustments to allocation plans to maximize sales and minimize excess inventory.
4. Develop and maintain strong relationships with vendors to ensure timely delivery of merchandise.
5. Conduct regular store visits to review product placement and gather feedback on merchandise performance.
6. Forecast and track sales and inventory levels to identify potential risks and opportunities.
7. Identify and communicate any issues or concerns related to merchandise availability or allocation.
8. Continuously evaluate and refine allocation processes to improve efficiency and accuracy.
9. Stay updated on industry trends and competitor strategies to inform allocation decisions.
10. Work closely with merchandising and planning teams to develop and execute allocation strategies that support business goals.
11. Utilize data analysis tools to identify patterns and make data-driven decisions.
12. Train and mentor junior allocation analysts as needed.
13. Adhere to company policies and procedures, including ethical and confidentiality standards.
14. Ensure timely and accurate reporting of allocation metrics to management.
15. Participate in cross-functional projects and initiatives to drive business growth and innovation.

According to JobzMall, the average salary range for a Allocation Analyst in Mississauga, ON, Canada is between $50,000 and $75,000 per year. This can vary based on factors such as the size and industry of the company, the candidate's level of experience and education, and the specific responsibilities of the role.

The TJX Companies, Inc. is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It remained from the original Zayre Corp. that was established in 1956. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. The Marmaxx segment sells family apparel including footwear and accessories, home fashions including home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, and other merchandise. The HomeGoods segment offers home basics, giftware, accent furniture, lamps, rugs, wall décor, and decorative accessories. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. The TJX Europe segment operates T.K. Maxx and HomeSense chains in Europe.