Retail Pricing Analyst

Company: SpartanNash
Location: Byron Center
Posted on: January 26, 2023

Job Description:

At SpartanNash, we deliver the ingredients for a better life through customer-focused innovation. We do this for our supply chain customers and U.S. military commissaries, retail store guests and, most importantly, our Associates. In fact, we see a day when each will say, "I can't live without them."Our SpartanNash family of Associates is 17,500 strong, ranging from bakery managers to order selectors; from IT developers to vice presidents of finance; from HR Business Partners to export specialists. Each of them plays an integral role in SpartanNash's People First culture, Operational Excellence and Insights that Drive Solutions. Ready to contribute to the success of our food solutions company? Apply now!Location: 850 76th Street S.W. - Byron Center, Michigan 49315Job Description:Develop and implement category pricing strategies that achieve category management objectives and overall company financial and market positioning goals. Work cross functionally with Merchandising team to develop pricing strategies to meet category financial targets, maintain pricing positioning, create appropriate rule sets and competitive index targets while improving consumer price image.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 KSS to forecast the impact of commodity cost increases to sales, profitability, and margin, determine the optimal retail price by zone. Use KSS to forecast the impact to sales, profitability and margin of pricing adjustments made on items between category reviews and the impact of different promotional strategies by category for the merchandising teamProvide 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.The above statements are intended to describe the general nature and levels of work being performed as assigned for this job. This is not intended to be an exhaustive list of all responsibilities, duties, and requirements; additional responsibilities may be assigned as needed.Here's what you'll need:Bachelor's Degree (Required) Business Administration, Economics, Statistics or related field or equivalent combination of education and/or experience requiredThree years' experience in business analytics, retail analytics, or related area preferred; grocery experience a plusAbility to function independentlyStrong analytic skills (data collection, aggregation, and insights generation for decision-making) requiredExcel-Brio, SQL, etc.Understanding of retail pricing strategiesStrong communication skills both written and verbalAdvanced Computer SkillsCORPORATE1As part of our People First culture, SpartanNash is proud to offer a robust and competitive Total Rewards benefits package .SpartanNash is an Equal Opportunity Employer, including disability and veteran, that celebrates diversity and believes employing a diverse workforce is key to our success. We are committed to providing equal employment opportunities to all individuals.We are not able to sponsor work visas for this position.

Keywords: SpartanNash, Grand Rapids , Retail Pricing Analyst, Professions , Byron Center, Michigan