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Teresa Mcgowan is a seasoned retail professional with extensive experience in product development, sourcing, and inventory management. Based in Somerville, Massachusetts, she has worked with prominent companies such as Dover Saddlery, PetEdge, and Lifetime Brands/Syratech, where she has developed and executed assortment analysis and planning, managed product lifecycle, and negotiated with suppliers. Holding a BA in Psychology from Wheaton College, Teresa has honed her skills in merchandising, pricing, and promotional programs. Fluent in multiple languages, she has a strong background in trade shows, marketing, and retail operations. With over 11 years of experience, Teresa has established herself as a knowledgeable and skilled professional in the retail industry.

Experience

    • Inventory Planner-Apparel

    • United States
    • Retail
    • 300 - 400 Employee
    • Inventory Planner-Apparel
      • Nov 2019 - Present

      • Cultivate in-depth knowledge of new replenishment software capabilities, curate best practices for assortment planning and forecasting for existing, new and seasonal items. • Analyze sales and inventory data to determine needs for new and repeat items for apparel and footwear businesses while maintaining optimal inventory levels by color and size. Annual category sales: $34,500,000.• Develop and execute assortment analysis and planning, inventory control management and promotional programs to deliver open to buy, sales and turn goals.• Collaborate with buying team to develop and refine new product offerings.• Manage PO process for both private label and domestic products, including flow of product, confirmations, back orders, discrepancies, wire transfers and packing list reconciliation.

    • Buyer - Horse Products
      • May 2018 - Nov 2019

      • Created overall merchandising strategy and all product/category analysis of direct mail, retail stores and e-commerce selling vehicles.• Developed seasonal assortment plans to support the vision and goals of the brand, ensured that products were priced competitively and achieved gross margin goals.• Led negotiations with suppliers on costing and initial buys, working closely with Inventory Management to ensure on time delivery and optimal product flow. • Maintain strong presence in the marketplace by attending trade shows, reviewing lines, shopping stores and catalogs and working with vendors on product development/execution. • Collaborated cross-functionally with private label team to build new product opportunities, product specs, target prices and promotional plans and with creative team to ensure product presentation was aligned with product vision.

  • PetEdge
    • Beverly, MA
    • Product Manager -Toys, Accessories & Cat
      • 2007 - 2018
      • Beverly, MA

      • Managed product lifecycle, analyzed performance, trends and established pricing. Created seasonal category strategies for $12.4 million business that drove sales growth and profitability. • Analyzed and created integrated product assortments and development based on qualitative and quantitative data, growth objectives and market review to support plan. Developed over 100 new items seasonally and managed over 300 ongoing items.• Served as subject matter expert within categories: developed and presented product to key external customers including TJX Companies, Costco, PetSmart and Life is Good.• Managed sample review process and deadlines. Built and maintained sample library.• Collaborated with Marketing on presentation across all channels, ensuring accuracy and relevance. • Supervised merchandise assistant, providing coaching and training in multiple processes.

  • Tags/Ace Hardware
    • Cambridge, MA
    • Housewares Buyer
      • 2003 - 2006
      • Cambridge, MA

      • Built assortments and selected product to support a broad range of departments: small electrics, cookware, gourmet products, tabletop, gadgets, bakeware, bath, laundry, home office, organization and storage for 16,000 sq. ft. Housewares department.• Investigated trends at market, through comparison shopping and trade magazines and evaluated their relevance to assortment.•Contributed to nationwide independent retailer catalog planning meetings, represented store needs, introduced new product and communicated results to associates.

    • Product Manager
      • 2001 - 2003
      • East Boston, MA

      • Directed sourcing process for all “Elements” brand product development, using in-house artwork and shelf goods. Managed approximately 40-100 products.• Organized and facilitated communication between overseas offices and Product Development and Sales, suggesting adaptations and communicating changes. • Managed production approval process including testing and placement with 3 overseas offices.

    • Assistant Buyer
      • May 2000 - Jan 2001
      • Braintree, MA

      Bradlees, Inc, Braintree, MA ASSISTANT BUYER-LAWN AND GARDEN, PATIO AND SEASONAL 2000 • Planned and bought product assortment for $6.4 million department. • Created and managed import program for lawn and garden including: development of private label products, letter of credit, testing requirements and results.• Assisted buyer in developing departmental financial plan and forecast.

    • Senior Buyer, Buyer
      • 1993 - 2000
      • Boston

      • Supervised buyers in product development, assortment planning, forecasting and inventory• Drove a $4 million business by maximizing buying opportunities and negotiating at marketplace. • Developed unique imprinted product programs for on-going needs as well as special exhibits.• Developed product, forecasted, bought and merchandised to support 4,000 sq ft main store and two secondary stores.

Education

  • Wheaton College (MA)
    BA, Psychology

Suggested Services

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Industry Focus. “Retail and Consumer Goods.”

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