HARKIRAT PANWAR Delhi, India (+91 )9599014148 Harrypanwar6@gmail.com Skype id-Harkirat.panwar CAREER SUMMARY MBA, Result driven customer centric with 10 years’ of rich experience in the Premium Luxury goods.Watches Jewelry and Sunglasses, Handled Buying ,planning, Merchandising, sales , vendor management, marketing and store operations for international retail and fashion brands. SPECIALITIES Business Management Sales & Marketing Buying and order placementRetail OperationsRange planning/AllocationsP& L Market trends Budgeting ForcastingSales TrainingVisual MerchandisingSourcing Supply chain Management Pricing PROFESSIONAL EXPERIENCE 10 Yrs+ CURRENT Al YASRA FASHION DUBAI,UAE JAN 2014 - CURRENT Our retail operation is built on six pillars: High-end Fashion Retail, Donna Karan: The Pulse of New York Fashion Watches & Accessories, Comfort & Fashion Footwear, Lingerie and Home Luxury. Alyasra fashion owns and operates over 200 boutiques across Kuwait, Saudi Arabia, Iraq, UAE, Lebanon, Qatar and Bahrain, with offices in Kuwait, UAE, and Saudi Arabia, and with comprehensive distribution and support for wholesale accounts in Kuwait, Iraq, Saudi Arabia and Jordan. Brand Manager (Premium Luxury Retail -Watches ,Jewelry, Fashion Accessories) Category Business Size : 100 Million USD /Yearly My role involved working with the senior management, To maximize the performance of Luxury Brands through achievement of sales, profit and strategic objectives. Key Result Areas (KRA’s) : Prepare Business Plan for the financial year in conjunction with Top Management & Organizational Growth Forecast's. Achieve Top Line & GP Objectives. Monitor and manage key financial elements including gross margin, expenses and stock levels Responsible for Profitability of the brand / concept. Apply all international Retail guidelines and actively ensure the implementations in the Boutiques. Buying and Inventory Management Managing the sourcing process, inventory planning and maintaining the ideal Inventory levels, monitoring the stock & Supply Chain Management.(S.C.M). Plan the annual buying requirements for the brands by calculating buying budget in line with Historical data and market trends, collecting information on customer profile, identifying slow and fast moving items, and forecasting future buying requirements in collaboration Place orders based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed service level agreement Implement financial and credit services agreements with vendors to maximise profit and positively contribute to cash flow, follow up on Credit Notes/ Advertising spend and others from Brand Principals. Track merchandise transportation from supplier ensure smooth flow of goods Liaison with Supplier’s Customer Service team for shipments and after sales services for the region Liaising with the Manufacturers/Suppliers, for Order placing, and delivery schedules for proper inflow/supply of goods. Analyze the brand performance and setting in advance plans to maintain the good performance and to rectify any shortfall. Responsible for stock management across boutiques, activities concerning supplies, returns and transfer of merchandise. Reviewing stock sells out and devises strategies for timely supply of the right product mix to the outlets. Follow the reverse logistics guidelines to send the faulty/damaged goods back to the vendor Responsible for OTB creation based on Sales Expectations, Business Objectives & Future Expansion Plan. Manage the buying for all stores / territories. Achieve in Season Sell Thru. Manage & Control Stock Ageing within the limits set by Management. Optimizing stock management in Boutiques (replenishment, inventory). Support boutiques in processes and procedures as well as system processes. Harkirat S. Panwar Results-focused Marketing Professional Develop a merchandising concept with the Boutiques, local marketing and Retail Team Provide support (content & organization) for general retail activities/projects. Support Retail management in the budget process (numbers / presentation). Study market trends and consumer preferences to understand and specify customer expectations and adopt a suitable approach for brand management. Brand Principal Management: Develop and maintain relationships with Brand Principals in order to build and strengthen the brand Liaising with brand principals for product updates, new collections, merchandising tools & ordering Follow up on Credit Notes/ Advertising spend and others from Brand Principals. Prepare necessary reports for Senior Management & Brand Principals. Effective leadership to store operations team / Area Management Travel overseas to the brand Principal for seasonal “buys” and building the merchandise range / forecast. Pricing ,Mark downs /Promotions Responsible for product pricing for new merchandise Responsible for Mark Down's for old merchandise to ensure stock clearance. Assisting in rolling out brand wise promotions Plan, propose and coordinate supply of GWP for Festivals. Plan and implement sales incentives Business Development / Expansion: Assist in selection of new store locations & work out feasibility of the same. Seek opportunity for expansion of concept in various territories. Coordination of new Boutiques projects / refurbishments / relocations. Implement the plans for new shop openings in line with budgets, timelines and operational policies and procedures Visual Merchandising: In coordination with Visibility Manager, Ensures excellence at POS at any time & control of quality of displays,store hygiene across boutiques and location of brands through regular Market Visits. Adhesion to appropriate display and product guidelines at all times. Ensure consistency of retail standards across all points of Sale. Provide guidance to team on visual merchandise / brand integrity. Work in line with the International Principal partner on new season merchandise marketing / promotional material Product Training & People Development Provide leadership and direction to colleagues towards the achievement of goals and objectives. Manage product / brand related staff training and co-ordinate with Training Manager on Soft Skills & other training's Media Planning & Advertising Others Planning the marketing calendar and participating in marketing activities involving events, campaigns & PR for each brand Planning local Sales Promotions Activities, Staff Sales Incentives. Prepare monthly reports for monthly performance review of showrooms brands and categories. Competitor Activities Analyzing market intelligence & suggesting appropriate sales strategies,Evaluate local market competition and analyses pricing strategies / markdowns etc. International Fairs: Attend and act as the main brand representative during International Watch Fair in Basel Switzerland). PREVIOUS EXPERINCE RIVOLI GROUP LLC DUBAI,UAE NOV 2011 -DEC 2013 Rivoli is one of the leading luxury retailers GCC with over 300 retail outlets. Rivoli is associated with world renowned brands in watches, writing instruments, eyewear and accessories, fashion retail and luxury communications. Brand Manager Luxury Lifestyle Retail (Watches and sunglasses) Harkirat S. Panwar Results-focused Marketing Professional Category Business Size : 100 Million USD /Yearly My role involved working with the senior management, To maximize the performance of Luxury Brands through achievement of sales, profit and strategic objectives. Prepare Business Plan/annual budget for the financial year in conjunction with Top Management & Organizational Growth Forecast's, Achieve Top Line & GP Objectives. Responsible for Profitability of the brand / concept. Managing the sourcing process, inventory planning and maintaining the ideal Inventory levels, monitoring the stock & Supply Chain Management.(S.C.M). Liaison with Supplier’s Customer Service team for shipments and after sales services for the region Brand Principal Relationship - Develop and maintain relationships with Brand Principals in order to build and strengthen the brand Follow up on Credit Notes/ Advertising spend and others from Brand Principals. Liaising with brand principals for product updates, new collections, merchandising tools & ordering Visual Merchandising Ensure proper brand representation across boutiques check displays and location of brands through regular Market Visits. In coordination with Visibility Manager, Ensure excellence at POS at any time & control of quality of displays. Inventory Management Range planning/ Allocation /Assortment Planning based on store categorization/best sellers optimization. Media Planning – Planning the marketing calendar and participating in marketing activities involving events, campaigns & PR for each brand Planning local Sales Promotions Activities, Staff Sales Incentives. Brand and product Training - Conduct regular brand and product training for sales staff. Pricing - Mark ups, Marks downs, Travel Overseas to seasonal buys, exhibitions. Management Reports/ Quaterly Action Plans, - Budget, Forcasting Prepare monthly reports for monthly performance review of showrooms brands and categories. Prepare necessary reports for Senior Management & Brand Principals. Effective leadership to store operations team / Area Management Budgeting for the financial year for each business process viz. Purchase Budget, Sales Budget for the entire region. Sales Forecasting Region-wise, Country-wise, Customer-wise, Brand-wise and each and every category wise for better control and to achieve the set targets month-wise and annually. Market Trends/ Competitor Analysis - Competitor Activities Analyzing market intelligence & suggesting appropriate sales strategies Evaluate local market competition and analyses pricing strategies / markdowns etc. Constantly surveying international & domestic markets for new & competing products Attend and act as the main brand representative during International Watch Fair in Basel Switzerland). AL FUTTAIM WATCHES & JEWELRY DUBAI , UAE AUG 2005– NOV 2011 Al Futtaim group is one of the leading retailer, wholesaler and brand principals of the world renowned Luxury Retail brands including Ikea, Mark and Spencers, Guess, Seiko, Raymond Weil, Espirit, Fossil, Kolber, Westar etc. in UAE, The retail network of AFWJ includes currently 300 stores across GCC including Ikea, Mark and spencer’s, Guess, Al Futtaim Watches, Al Futtaim jewelry, Raymond weil boutique, The Watch Wouse and Time Zone. Brand Manager - Premium Lifetstyle Retail (Luxury Watches , Jewelry) Category Business Size – 30 Million USD /YEARLY My role involved working with the senior management, To maximize the performance of Luxury Brands through achievement of sales, profit and strategic objectives. Prepare Business Plan/annual budget for the financial year in conjunction with Top Management & Organizational Growth Forecast's, Achieve Top Line & GP Objectives. Responsible for Profitability of the brand / concept. Harkirat S. Panwar Results-focused Marketing Professional Managing the sourcing process, inventory planning and maintaining the ideal Inventory levels, monitoring the stock & Supply Chain Management.(S.C.M). Liaison with Supplier’s Customer Service team for shipments and after sales services for the region Brand Principal Relationship - Develop and maintain relationships with Brand Principals in order to build and strengthen the brand Follow up on Credit Notes/ Advertising spend and others from Brand Principals. Visual Merchandising Ensure proper brand representation across boutiques check displays and location of brands through regular Market Visits. In coordination with Visibility Manager, Ensure excellence at POS at any time & control of quality of displays. Inventory Management Range planning/ Allocation /Assortment Planning based on store categorization/best sellers optimization. Media Planning – Planning the marketing calendar and participating in marketing activities involving events, campaigns & PR for each brand Planning local Sales Promotions Activities, Staff Sales Incentives. Brand and product Training - Conduct regular brand and product training for sales staff. Pricing - Mark ups, Marks downs, Travel Overseas to seasonal buys, exhibitions. Management Reports/ Quaterly Action Plans, - Budget, Forcasting Prepare monthly reports for monthly performance review of showrooms brands and categories. Prepare necessary reports for Senior Management & Brand Principals. Effective leadership to store operations team / Area Management Budgeting for the financial year for each business process viz. Purchase Budget, Sales Budget for the entire region. Sales Forecasting Region-wise, Country-wise, Customer-wise, Brand-wise and each and every category wise for better control and to achieve the set targets month-wise and annually. Market Trends/ Competitor Analysis - Competitor Activities Analyzing market intelligence & suggesting appropriate sales strategies Evaluate local market competition and analyses pricing strategies / markdowns etc. Constantly surveying international & domestic markets for new & competing products Attend and act as the main brand representative during International Watch Fair in Basel Switzerland). EDUCATION MBA (Marketing) Symbiosis Institute of Management Studies Pune 2003 - 2005 Bachelor Degree in Science (Mathematics) Well versed with Ms office – Excel,word and Power point) OTHER INFORMATION: Languages Platform Worked : English, Hindi. : SAP ,JD Edwards, Navision Retail