Pricing Lead –Supermarket Chain; Dubai
Grandiose is a home-grown Retail chain giving its customers a different experience for shopping and dining in the UAE. The fast-growing premium grocery retailer is looking for a dynamic Pricing & Promotion leader for our central team in Dubai.
Brief Description:
Promotion and pricing lead advise the category team on how to price their products and services to achieve their financial goals. This involves developing appropriate pricing strategies, following market trends, and performing financial assessments.
Responsibilities:
· Develop and Implement Pricing Strategies: Analyze factors such as consumer demand, competitor pricing, market trends, whilst keeping in mind the company’s revenue goals to determine what type of strategies would best help improve profitability.
· Promotion analysis: Analyze the effectiveness of promotions, map out core promotion items, determine what items best fits the company’s goals and strategies to increase overall profitability.
· Facilitate in the training of promoters: Provide promoters with detailed training to improve the efficiency of instore highlights, customer engagements, and cross promotional opportunities.
· Assist in promotional campaigns: Collaborate with the sales and marketing teams on plans such as contests, coupons, giveaways, etc. Evaluate the look and feel of websites, apps, and leaflets used in campaigns or layouts.
· Monitor market trends: Monitoring social media trends, competitor pricing/offers, analytics tools, and customer engagement through surveys to help keep the company up to date on the latest developments in the market and propose changes to maintain the company’s image and position in the market.
· Monitor and analyze Cost/Price changes: Work closely with the commercial team to track movements of cost changes and analyze price change requests from the commercial team by evaluating margin impact, potential volume changes, and competitiveness pricing trends.
· Conduct cost/price analytics: Perform pricing optimization and cost-benefit analysis by reviewing all tasks and expenditures impacting the profitability of a product.
· Develop pricing proposals: Supply pricing benchmarks for the sales teams to aim for when researching or developing new products and services.