Pricing Forecast Analyst

Posted 3 Days Ago
Be an Early Applicant
Irving, MI, USA
In-Office
Junior
Kids + Family • Retail
The Role
Analyze pricing and promotional data to support strategy, forecasting, reporting, and optimization. Manipulate large datasets, develop metrics and business insights, validate promotional forecasts, perform hindsight analysis, and present findings to pricing partners. Collaborate with Category Management, Merchandise Planning, Finance, and Inventory teams to improve sales and gross margin outcomes.
Summary Generated by Built In
Support Center - Irving

The Pricing Forecast Analyst will drive the analysis and recommendation of the Pricing and Promotions strategy and tactics. Exceptionally strong analytical and math skills are required, along with experience manipulating large data sets using internal data warehouse system. Proven leadership and collaboration skills are required to create strong cross functional relationships with Category Management, Merchandise Planning, Finance, and Inventory. Leading in efforts to drive strategic pricing across the company.

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 analyses manipulating large data sets to create thoughtful, robust business analyses.
  • Analyze issues, develop insights, and formulate data-based hypotheses.
  • Present findings to Pricing partners.
  • Assist in creation of weekly/quarterly/annual reporting.

Promotion Pricing Analysis: 

  • Utilize internal tools and processes to generate and validate Promotional offer forecasts on a regular and ad-hoc basis.
  • Assist Promotional offer hindsight analysis and reporting
  • Work with Pricing Advisors to develop pre-season promotion strategies to optimize sales and gross margin in alignment with company goals.
  • Utilize internal Discount Optimization Tool for historical performance and other data sources to develop reports and strategic insights to improve promotion performance.  

Other duties as assigned

 

Preferred Special Certifications or technical skills

  • Experience with utilizing internal data warehouse systems to pull data metrics for analysis.
  • PowerBI dashboard building and SQL

Preferred Type of experience the job requires

  • Retail experience as a pricing expert, planner, or analyst preferred.

Minimum Education

  • BS in Business, Mathematics, Statistics, or Finance

Minimum Special Certifications or technical skills

  • Intermediate to advanced Excel skills including vlookups, pivot tables, comfort with writing formulas, etc.

Minimum Type of experience the job requires

  • Minimum 2 years in Business
  • Analyst role in an analytical function

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com.


Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 401(k) with employer match, an Employee Assistance Program, medical, dental, and vision coverage, telemedicine services, flexible spending accounts, commuter benefits, tuition assistance, adoption assistance, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and access to partner discount programs. For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit MIKBenefits.com


Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.


Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

EEOC Know Your Rights Poster in English

EEOC Know Your Rights Poster in Spanish

EEOC Poster Optimized for Screen Readers

Federal FMLA Poster

Federal EPPAC Poster

Skills Required

  • Bachelor’s degree in Business, Mathematics, Statistics, or Finance
  • At least 2 years of experience in business or an analytical analyst role
  • Intermediate to advanced Microsoft Excel skills, including VLOOKUPs, pivot tables, and formulas
  • Strong analytical and mathematical skills
  • Experience manipulating large datasets for business analysis
  • Experience using internal data warehouse systems to retrieve metrics
  • Power BI dashboard-building experience
  • SQL experience
  • Retail pricing, planning, or analyst experience
  • Leadership and cross-functional collaboration skills

Michaels Stores Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Michaels Stores and has not been reviewed or approved by Michaels Stores.

  • Healthcare Strength — Multiple medical, dental, and vision options are available alongside virtual care and an Employee Assistance Program. Basic life and AD&D are provided for full-time team members, with optional disability coverage.
  • Retirement Support — A 401(k) plan with company matching supports savings for retirement. Eligibility begins after a short tenure period.
  • Wellbeing & Lifestyle Benefits — Team members receive broad merchandise and custom framing discounts plus partner savings on fitness, travel, and services. Programs such as Michaels CARES and tuition assistance add wellbeing and development support.

Michaels Stores Insights

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The Company
HQ: Irving, TX
10,149 Employees
Year Founded: 1973

What We Do

The Michaels Companies, Inc. is North America's largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for Makers and do-it-yourself home decorators. The Company owns and operates more than 1,200 stores in 49 states and Canada. Additionally, the Company serves customers through Michaels.com, consumercrafts.com and aaronbrothers.com. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry.

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