Experience:
No experience
Employment Type:
Intern/Co-op
Posted:
10/20/2019
Job Category:
Analysis
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Pricing Analyst Intern - (TMP.19.74)
Michaels Stores | Irving, Texas
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Job Description

Why Work for Us?

The Michaels Companies, Inc., is North America's largest arts and crafts specialty retailer. Together the teams in our stores, distribution and manufacturing centers, and support center work together to help our customers make creativity happen. We offer career growth, benefits packages, retirement plans, tuition reimbursement, and more. Michaels Team Members also enjoy a wide variety of ways to save including discounts at our stores, select fitness and childcare centers, restaurants, hotels, and more.

We are currently recruiting for a Pricing Intern located in our Support Center (Global Headquarters) located in Irving, TX.

What will you be doing?

The Pricing Intern will drive the analysis and execution of the Pricing and Promotions strategy and tactics. Exceptionally strong analytical and math skills are required, along with experience manipulating large data sets across disparate systems using Microsoft Excel or Tableau and collaboration skills are required to create strong cross-functional relationships with Category Management, Marketing, Operations and IT, leading in efforts to drive change management throughout the company.

How will you do it?

Analysis

* Conduct analysis to support pricing initiatives, adding rigor to existing methodologies and developing key metrics and analytics to support pricing strategy and tactics
* Gather data and perform complex analysis manipulating large data sets to create thoughtful, robust business analyses
* Analyze issues, develops insight and formulate data-based hypotheses
* Develop and implement best-in-class analytic tools that support the core category business planning processes

Promotion Pricing Analysis:

* Work with GMM, Buyer and Director of Ad Planning to analyze results and recommend items and prices for future ads.
* Provide analytical insights on which promotions work best for each product offering with Buyer and Planner collaboration
* Work on developing/fine tuning Promotional Playbooks utilizing in house tools and other data sources to provide insights that DMM's and buyers can use to improve promotion performance.

Regular Price Strategy and Analysis:

* Work with Pricing Directors, Pricing Managers, Category Management and Store Operations to measure competitive pricing and how we can need to adjust our pricing to be more competitive and improve price perception
* Analyze and measure results of price zone changes, price changes, and price tests conducted
* Analyze performance by category and market to make recommendations on tests to run and actions to roll out to the chain

Clearance Price Strategy and Analysis:

* Work closely with Pricing Directors, Inventory Management and Merchandising to develop clearance cadence strategies
* Other duties as assigned

Job Requirements

What Skills you will need to do your job?

* BS/BA in progress, Math, Statistics or Engineering preferred
* Exposure to Tableau, Microsoft Excel, SQL, and other analytical software
* Analyst role in an analytical function a plus
* Experience developing processes and methodologies from the ground up
* Retail or consumer products experience a plus

About Michaels Stores

Michaels Stores, Inc. (Michaels) is an arts and crafts specialty retailer in North America providing materials, ideas and education for creative activities. The Company also offers a variety of classes, demonstrations, and family-focused events to inspire its customers with product ideas and information. As of March 30, 2009, the Company operated 1,015 Michaels retail stores in 49 states, as well as in Canada, averaging 18,300 square feet of selling space per store. Its stores offer arts and crafts supplies and products for the crafter and do-it-yourself home decorator. Michaels also operated 157 Aaron Brothers stores as of March 30, 2009, in nine states, averaging 5,500 square feet of selling space per store, offering photo frames, a line of ready-made frames, custom framing services, and a selection of art supplies.Each Michaels store offers approximately 37,000 basic stock keeping units (SKUs) in a number of product categories. (Source: 10-K)

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