Bachman’s is committed to creating a caring environment while inspiring a passion for bringing beauty to life.
Join Bachman's as a Pricing Strategist and play a key role in shaping pricing strategies that drive growth and profitability. As the merchandising team's pricing expert, you'll turn data into action by building pricing frameworks, evaluating market trends, and recommending pricing, promotion, and markdown strategies that deliver results.If you're analytical, strategic, and energized by influencing key decisions, this is your opportunity to make a measurable impact.
Position Duties:
Develop and maintain pricing strategies, including price points, price ladders, and category pricing structure.
Partner with Category Managers and Merchants to set pricing for new products and assortments while meeting margin goals.
Conduct seasonal pricing reviews and recommend targeted retail price adjustments.
Establish and manage pricing guidelines across stores, grocery, and e-commerce channels.
Lead markdown and clearance strategies, forecasting sales, margin, and inventory impacts.
Create markdown programs for live plants and floral products to balance sell-through and shrink.
Evaluate promotional performance and recommend future pricing and promotional actions.
Monitor competitor pricing and maintain competitive pricing on key value items.
Track, analyze, and report pricing and margin performance through recurring scorecards and KPI reporting.
Analyze price elasticity, product mix, and pricing trends to identify margin improvement opportunities.
Assess the financial impact of pricing decisions before implementation and measure results afterward.
Manage the price change process, including approvals, system updates, effective dates, and communication.
Partner with store teams to ensure accurate execution of price changes and signage compliance.
Maintain pricing policies, procedures, and documentation to ensure consistent pricing decisions across the organization.
Perform other duties as assigned.
Qualifications:
Bachelor's degree in business, finance, economics, analytics or a related field, or equivalent experience.
5+ years in retail pricing, merchandise planning, merchandising analytics or buying, with direct ownership of pricing or markdown decisions.
Strong command of retail math: IMU, gross margin, markdown rate, sell-through, ASP and margin mix.
Track record of turning analysis into recommendations that merchants acted on, with measurable margin results.
Confidence to influence peers and leaders without authority, and to push back with data.
Clear communicator who can present findings simply to merchants, store leaders and executives.
Benefits:
Employee Discount
Medical Insurance
Dental Insurance
Vision
Life and AD&D
Disability, Accident, Critical Illness Insurance
401(K)
ID Watchdog
Pet Insurance
Wellness
Employee Assistance Program (EAP)
PTO
Paid Holidays (6/year)
Compensation: $80-$90k
Don’t settle, come grow with us!Bachman’s is an Equal Opportunity Employer
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Numbers & Facts
Location
Minneapolis, MN
Salary
$80,000–$90,000 Per Year
Skills
Accidental Death and Dismemberment (AD&D)unmatched
Analysis Skillsunmatched
Category Managementunmatched
Change Managementunmatched
Communication Skillsunmatched
Competitive Researchunmatched
Documentationunmatched
Economic Analysisunmatched
Employee Assistance Planunmatched
Financeunmatched
Financial Analysisunmatched
Grocery Storesunmatched
Gross Marginunmatched
Health Insuranceunmatched
Insuranceunmatched
Mathematicsunmatched
Merchandisingunmatched
Microsoft Active Server Page (ASP)unmatched
Performance Metricsunmatched
Pricingunmatched
Product Pricingunmatched
Profit & Lossunmatched
Retailunmatched
Salesunmatched
Sales Forecastingunmatched
Sales Strategyunmatched
Scorecardingunmatched
Systems Maintenanceunmatched
Trend Analysisunmatched
eCommerceunmatched
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