Chief Operating Officer

Skills:
Operational Excellence, Operational Strategy, Business Operations, Business Development, Retail, garmenting, Branding, Outlets,
Position: Chief Operating Officer (COO)
Reporting To: Director
Location: Bangalore
Age Limit : 45
Please share cv to contact@mayihelpu.co.in
We are looking candidate from Retail - Segment Only ( Sale and Operation Managment experience Retail outlets - Mens wear , Kids Wear , woment Wear outlet sales and operation )
Job Purpose
To provide visionary leadership in the development and execution of the companys strategic plans, ensuring profitability, sustainability, and growth while overseeing all operational aspects of the business.
Key Responsibilities

• Strategic Leadership:
  

Work with the Board and senior management to establish long-term goals, strategies, plans, and policies.
Lead the development and implementation of the companys short, medium, and long-term strategy.
Bring up to speed the organization in standard and latest retail practices.
Ability to leverage the groups manufacturing and sourcing capabilities and make the brand product led.

• Operations Management:
  

Oversee daily operations ensuring efficiency, quality, service, and cost-effective management of resources.
Fine tune the supply chain process to ensure on time delivery of merchandise.
Establishing precise stock level benchmarks from the warehouse to every sales outlet and Replenishment strategies.
Formulating category-wise option plans for the season, setting budgets and targets in advance.
Ensure the right infrastructure is in place for the company to grow and succeed.

• Financial Management:
  
  

Ensure the companys fiscal activities are in line with the companys goals and objectives.
Delivering on key financial metrics viz channel wise NSV, like to like growth managing digital and advertisement.
Fine tune the working capital management to ensure on time payments to vendor
Responsible for managing a commercial and desirable range and retail environment that meets sales budgets, margin targets, proposed range mix and customer expectations.
Oversee financial performance, investments, and other business ventures.
Monitor financial performance regularly and adjust strategies as necessary.

• Sales & Marketing:
  

Oversee the companys sales and marketing strategies to ensure profitability and growth.
Maintain Strong relationship with Large Format Store, Franchise, COFOs, Dealer, Building franchise network, Build retail network, increasing number of retail stores.
Holding sales review meetings with the sales team to identify strengths and weaknesses, with the aim of boosting sales and motivating the team.
Leverage the brand strength and increase the number of large format stores
Implementing processes to consistently track sales budget and profitability metrics against the plan.
Boost e-commerce sales by implementing an effective digital marketing strategy.
Broaden collaborations with e-commerce platforms.
Ensure the brand presence and reputation are consistently elevated in all markets.
Controlling discount outflow as per the companys budget.

• Fashion & Design:
  

Analysing international fashion trends and adapting them for the Indian market based on local preferences.
Arrive at the brand design template based on sell through and market requirements
Update the team with the latest fashion and design trends, guiding them in the direction of these trends.

• Human Resources:
  

Foster a corporate culture that promotes ethical practices, encourages individual integrity, and meets social responsibilities.
Ensure proper talent management strategies are in place including hiring, training, and retention.
Strengthen the team with a performance focused outlook

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  Risk Management:
  

Identify and address potential risks in the retail industry.
Ensure the companys compliance with all legal and regulatory requirements.

• Stakeholder Relations:
  

Act as the main point of contact between the Board of Directors and the companys operations.
Overseeing all departments - Sales, E-commerce, Accounts, HR, IT, Design, Project, VM and Retail Planning, Warehouse - while motivating the team towards the organizations objectives.

• Corporate Governance:
  

Ensure the company fulfils its responsibilities with regard to governance practices and all necessary documentation.

• Continuous Improvement:
  

Drive continuous improvement in all facets of the business through lean methodologies and innovation
Qualifications
Bachelors degree in Business Administration or related field. Masters or other advanced degrees are advantageous.
Extensive experience in a senior management role within the retail industry.
Proven experience in developing and executing business strategies.
Proficiency in decision-making, crisis management, and problem-solving.
Strong understanding of corporate finance and performance management principles.
Familiarity with diverse business functions such as marketing, PR, finance, etc.
Excellent communication, interpersonal, and presentation skills.
Personal Attributes
Strong leadership and organizational skills.
Ethical behaviour and integrity.
Ability to inspire and motivate a diverse team.
Analytical abilities and a data-driven mind-set.
Adaptability and resilience to changing environments.