Pricing Strategy Lead

Employer
Target
Location
Minneapolis, Minnesota
Posted
Jul 15, 2022
Closes
Jul 29, 2022
Employment Status
Full Time
Description:
About us:

Target Merchandising is evolving at an incredible pace. We are constantly reimagining how this $93 billion retailer offers the innovative and guest-inspiring assortments that Target is known and loved for. Our goal is to consistently deliver exceptional value, quality and style that elevates Target as the premier retailer in a competitive global marketplace. Through leading retail and business strategies that make the most of Target's resources and partnerships worldwide, Merchandising works across product categories to create a localized shopping experience, both online and in our 1800 stores. Are you a creative problem-solver who loves to own a category as well as its results? Can you collaborate effectively, execute a plan efficiently and positively influence how Target chooses and presents the right product in the right place at the right price? If so, you will have success on one of our dynamic teams.

Pricing is a critical element in our commitment to affordability and is a key lever in the overall success and health of our business. Working within the Pricing Strategy & Ops team, your mission is to develop industry leading approaches to pricing to meet the rapidly changing needs of the business while enhancing the price perception we earn from our guests. You'll play an outsized role in defining our strategy for pricing owned brands and will be a key business partner with Merchandising, Planning, Product Development, Marketing and Operations.

As a Strategy Lead, you'll develop strategies for pricing across the competitive marketplace. You'll evaluate and decide how the strategy evolves over time as competitive influences shift and consumer buying change2. You'll work closely with our merchants and brand management teams to develop the pricing strategy for each of our owned brands in the portfolio to ensure they are positioned to deliver value and loyalty to Target. You'll refine your approach based on market conditions and business performance to drive improvement to KPIs for pricing while you learn the merchant businesses, strategies, and objectives to inform your approach.

You will have the opportunity to support new and ongoing pricing initiative by using and applying key learnings from the cross functional work you lead. Through your coordination of cross-functional reviews you will have the opportunity to support new and on-going initiatives. Using your strategic problem-solving skills, you will drive process improvements and identify business risks and opportunities based on financial and operational performance. Leverage your strong critical thinking and communication skills to educate merchants and other partners by influencing pricing decisions and driving collaborative dialogue and processes between Merchants, Marketing and the Pricing and Promo Center of Excellence. We'll support you along the way with robust onboarding, as well as personal and career development, to help you grow as a strong Strategy Lead. The exciting part of retail? It's always changing!

Core responsibilities are described within this job description. Job duties may change at any time due to business needs.

About you:
• Four-year degree or equivalent work experience, experience in retail industry preferred
• 6+ years previous merchandising or finance experience (e.g. buyer, sales & operations, pricing, planning)
• Experience leading complex projects and enterprise strategies
• Strong interpersonal skills and ability to maximize relationships, experience working in matrix organizations, self-starter
• Excellent communication, influencing, and leadership skills
• Entrepreneurial spirit with keen interest in innovating the business; strong strategic, analytical, decision-making, project management and planning skills

This position may be considered for a Full-Time Remote or Hybrid work arrangement based on Target's needs. A Hybrid work arrangement means the team members core role will be a blend of virtual and onsite at a Target location. A Full-Time Remote work arrangement means the team member works full-time from home or an alternate location that's not a Target location, does not have a desk at their primary HQ work location and may travel to HQ up to 4 times a year.

Colorado, Connecticut or Nevada Residents Only: The salary range for Colorado, Connecticut or Nevada residents is $85,400 to $153,700. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Find competitive benefits from financial and education to well-being and beyond.

Level: 6

Americans with Disabilities Act (ADA)

Target will provide reasonable accommodations (such as a qualified sign language interpreter or other personal assistance) with the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, please visit your nearest Target store or Distribution Center or reach out to Guest Services at 1-800-440-0680 for additional information.

Qualifications:

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