Strategic Pricing Director
The Director of Pricing, Promotions, and Competitive Intelligence is responsible for driving Best Buy's business results by managing the effectiveness, execution and capability development for Best Buy's competitive pricing, promotions, open box and clearance areas. The director leads the team responsible for working with merchants to create a pricing strategy that drives price perception and results for optimal performance across sales, margin and market share. The director leads the planning and development of strategic projects, tools, and processes that drive value for the organization and helps plan & measure effectiveness across all channels and businesses. This person has the credibility and ability to influence and drive sustainable change throughout the organization and manage tradeoffs between multiple business partners.
In addition to supporting the Category Management function, this role develops pricing strategy and provides pricing support for emerging business priorities, including Membership and Marketplace. The team plays a critical partner role with Marketing to develop and deliver the enterprise promotional plan, from planning to execution to recapping in an effort to maximize the effectiveness and efficiency of promotional vehicles.
This role is hybrid, which means you will work some days on site at the Best Buy location listed on this posting and some days virtually from home or another non-Best Buy location. The specific work arrangements vary by role and team, and the recruiter or hiring manager will provide additional details during the hiring process.
What you'll do- Drive business results through expertise and team leadership
- Develop and implement our Pricing, Compliance and Competitive Intelligence Strategy
- Develop a comprehensive process and tool strategy, supported by analytics and AI, that drives efficiency, adoption, and improved financial results
- Lead the development of cost transformation projects across stakeholder groups
- Oversee people management processes
Basic qualifications- 8+ years experience managing cross functional disciplines like Pricing, Merchandising, Finance, Marketing, Retail or Supply Chain
- 5+ years managerial or leadership experience, including people and budget responsibility
- 5+ years project management experience
- 2+ years experience working with technology organization on building, enhancing or supporting tools
Preferred qualifications- Bachelor's Degree or 9+ years of experience in Retail, Supply Chain, Merchandising or related field.
What's in it for youWe're committed to helping our people thrive at work and at home. We offer generous benefits that address your total well-being and provide support as you need it, especially key moments in your life. Our benefits include: - Competitive pay
- Generous employee discount
- Physical and mental well-being support
Best Buy provides different types of leaves of absence (LOA) and potential pay sources to employees based on eligibility. The length of your LOA depends on your situation, where you live, your full-time or part-time employment status, and federal and state regulations. Intermittent or reduced-schedule leave is also available for certain medical or family care leaves. Paid time off (vacation or PTO) is offered to full-time and part-time employees based on work location, employment status, salary or hourly status (exempt/non-exempt), and years of continued or bridged service. Certain roles, where market norms demand it, are eligible for various forms of incentive pay to drive performance and offer recognition for achieving financial and strategic results. For more information about our incentive pay plans, including eligibility, please refer to our Incentive Programs Summary.
For more information about benefits, LOA and paid time off, please refer to our Benefits Guide.
About us
As part of the Best Buy team, you'll help us fulfill our purpose to enrich lives through technology. We bring that to life every day by humanizing and personalizing tech solutions for every stage of life -- in our stores, online and in customers' homes.
Our culture is built on deeply supporting and valuing our amazing employees who make it all possible. We're committed to being a great place to work, where you can unlock unique career possibilities. Above all, we aim to provide a place where you can bring your full, authentic self to work now and into the future. Tomorrow works here.tm
Best Buy is an equal opportunity employer.
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