Pricing Specialist
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About the Role
Overview The Pricing Specialist is responsible for setting and managing product prices across Arkan's retail and e-commerce channels. This includes analysing supplier costs, monitoring what competitors are charging, and ensuring prices are set at a level that is both competitive and profitable.
Key Skills for This Role
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Overview
The Pricing Specialist is responsible for setting and managing product prices across Arkan's retail and e-commerce channels.
This includes analysing supplier costs, monitoring what competitors are charging, and ensuring prices are set at a level that is both competitive and profitable.
The role also ensures that all pricing reflected on the website is accurate and kept up to date.
Key Responsibilities
- Set product prices based on supplier costs, target profit margins, and market positioning
- Regularly review competitor pricing across fashion and luxury retail platforms and recommend adjustments where needed
- Monitor profit margins by product category and analyse customer behaviour to understand how pricing impacts buying decisions and average order value
- Ensure all product prices on the website are accurate, consistent, and updated in a timely manner
- Coordinate with buying, finance, and e-commerce teams on pricing changes, promotions, and markdown activities
- Prepare regular pricing reports and present findings and opportunities to management
Qualifications
- Bachelor's degree in Business, Finance, Economics, or a related field
- 2-4 years of experience in a pricing, commercial, or retail operations role
- Background in fashion, luxury, or e-commerce retail is required; a genuine understanding of luxury brands and how pricing reflects brand value is essential
- Strong analytical skills with advanced proficiency in Microsoft Excel
- Familiarity with e-commerce platforms such as Shopify
- High attention to detail with the ability to handle large volumes of product data
- Good communication skills and ability to work across multiple teams
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