COMPANY DESCRIPTION
Lotte Duty Free was founded in 1980 and has built its status as the duty free shop which represents Asia as it has been ranked number one in the Korean duty-free industry for more than 40 years. Now Lotte Duty Free Shop has built matchless brand power as the GLOBAL LOTTE DUTY FREE SHOP and we currently operate in various countries including Japan, Vietnam, Australia, Guam and we had just landed in Singapore in 2020. Lotte Travel Retail is now in Singapore Changi Airport operating 19 stores across 4 terminals.
RESPONSIBILITIES
You will collaborate with leadership, business stakeholders, and cross-functional teams to translate strategic initiatives into tactical actions that enhance merchandising and pricing strategies. Reporting to senior management, you will drive category performance and profitability through data-driven analysis and strategic planning.
Responsibilities
- Lead the development and execution of merchandising strategic plans to improve category performance and profitability
- Conduct periodic product pricing market analysis to ensure compliance with landlord requirements and benchmark against competitor pricing and promotions
- Design and implement regular pricing and promotional mechanics, ensuring accurate and timely execution by merchandising and operations teams
- Collaborate with senior management to gather and analyze merchandising and pricing data to support informed decision-making
- Identify issues and opportunities proactively, delivering value-added insights and leading strategic initiatives to enhance business outcomes
- Facilitate cross-functional engagement by creating context, consolidating alignment, and preparing business reports, analyses, assessments, and presentations for local stakeholders and HQ teams in South Korea
- Support senior management in strategic planning initiatives, business reviews, and implementation activities by organizing and partnering with business stakeholders to align merchandising and business strategies
- Manage ad-hoc assignments and projects as directed by senior management
QUALIFICATIONSRequirements
- Business-level proficiency in spoken and written Korean and English to translate, draft, prepare, and present reports to HQ Management Teams in South Korea (required for effective communication with HQ)
- Proven experience in merchandising, price analysis, or business planning functions demonstrating ability to analyze and influence business outcomes
- Strong understanding of market research and data analysis to inform strategic decisions
- Solid knowledge of business fundamentals and management principles to support strategic planning
- Demonstrable strategic thinking skills to develop and implement effective merchandising and pricing strategies
- Analytical mindset with problem-solving aptitude to identify and resolve business challenges
- Excellent communication and presentation skills to engage stakeholders and convey insights clearly
- Intermediate proficiency in Microsoft PowerPoint, Excel, and Power BI to create reports and presentations
OTHER INFORMATION- We offer attractive salary packages that commensurate with relevant work experience
- Annual Leave from 18 days to 20 days
- Medical Outpatient insurance coverage
- Group Hospitalization and Surgery insurance coverage
- Group Dental insurance coverage
- Performance bonuses subject to company's and individual's performances
Please note that your application will be sent to and reviewed by the direct employer - Lotte Travel Retail SIngapore
