Range planning is a core retail skill that involves deciding what products a store or brand will sell, when they'll sell them, and in what quantities. It's like creating a strategic roadmap for a store's product selection. Range planners work to ensure stores have the right mix of products that will appeal to customers while maximizing profits. This includes considering factors like seasonal changes, customer preferences, and store layouts. You might also see this referred to as "assortment planning" or "merchandise planning" in job descriptions.
Developed and executed Range Planning strategies resulting in 15% sales growth
Led Range Planning and Assortment Planning for women's wear department across 50 stores
Utilized Range Planning techniques to optimize seasonal product selection and inventory levels
Typical job title: "Range Planners"
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Q: How would you develop a range planning strategy for a new market entry?
Expected Answer: A senior range planner should discuss market research, competitor analysis, customer demographics, initial product mix strategies, and how to adjust based on early sales data. They should mention risk management and contingency planning.
Q: How do you balance commercial targets with creative merchandising decisions?
Expected Answer: Should explain how to analyze historical sales data, current trends, and profit margins while maintaining brand identity and customer appeal. Should discuss stakeholder management and cross-functional collaboration.
Q: How do you plan seasonal transitions in your range?
Expected Answer: Should explain the process of phasing out seasonal products, managing markdown strategies, and introducing new season items while maintaining sales performance.
Q: What factors do you consider when planning stock levels across different store locations?
Expected Answer: Should discuss store grading, local demographics, historical sales patterns, storage capacity, and how to adjust stock levels based on store performance.
Q: What are the key components of a basic range plan?
Expected Answer: Should mention product categories, pricing tiers, seasonal considerations, and basic understanding of stock quantities and delivery timing.
Q: How do you use sales data to inform range planning decisions?
Expected Answer: Should demonstrate understanding of basic sales metrics, bestsellers vs poor performers, and how to use this information to suggest range improvements.