Job Information
Sleep Number Pricing Strategy Program Manager in Minneapolis, Minnesota
Company Overview
Sleep Number is a sleep wellness technology leader. For nearly four decades, we have placed sleep at the center of wellbeing, improving over 15 million lives with our Sleep Number smart beds. We are guided by our purpose – to improve the health and wellbeing of society through higher quality sleep. This is exemplified through our 4,000+ mission-driven team members who passionately innovate to drive value creation through our vertically integrated business model, owning the process from start to finish, including selling in our over 650 stores nationwide.
Our team members are encouraged to bring their whole selves to work, sharing their unique perspectives, backgrounds and skills with Sleep Number every day. Whether you are entering, returning or experienced in the workforce, we have a place for you. We hope you join us in creating the future through higher quality sleep
Primary Responsibilities
The Pricing Strategy Program Manager will analyze data to identify trends in price elasticity, providing insights to optimize promotional plans and meet company KPI targets. This role will create recommendations and collaborate with cross functional teams to integrate machine learning insights for effective pricing decision making. Additionally, this role will serve as subject matter expert on pricing, lead testing strategy and stay updated on industry trends to enhance elasticity modeling effectiveness.
Key responsibilities:
Create strategic pricing recommendations utilizing industry trends, statistical modeling, and professional expertise.
Build, streamline, and communicate pricing and promotional recommendations to cross functional senior leadership.
Analyze and interpret data to identify trends and patterns related to price elasticity of demand.
Develop insights and recommendations on promotional plans that meet or exceed company KPI targets, including revenue and margin.
Collaborate with cross-functional teams to integrate elasticity insights with other business models to ensure business strategies and decision-making processes are achieved.
Lead testing strategy, design and analyze tests to evaluate effectiveness of promotional strategies.
Subject matter expert on elasticity of demand, including strong support of interpreting analytic outputs to draw actionable conclusions.
Stay current on industry trends and best practices in econometrics and demand forecasting to continuously improve elasticity modeling effectiveness.
Position Requirements
Proficiency in statistical analysis and data visualization tools such as Excel and PowerBI.
Ability to interpret data, identify patterns, and extract actionable insight while translating that into storytelling.
High level of attention to detail
Strong verbal and written communication skills
Bachelor’s or master’s degree in business administration, finance, economics, mathematics, statistics, or related field
5+ years of experience in promotional analytics, planning, retail analytics, or related roles in retail industry
Working Conditions
Limited travel as required by business needs
Must be able to work extended hours as required, including evenings and weekends
Normal physical exertion within office environment
Wellbeing
Wellbeing is more than a catchphrase - it's a movement that permeates our company and through our team members. We are dedicated to enhancing and supporting the wellbeing of our team members and their families through benefits, programs, and resources across our five wellbeing pillars of emotional, financial, career, community, and physical health, with sleep at the center.
By joining our team, in addition to offering competitive pay programs, we are proud to offer eligible team members an extensive benefits package including, but not limited to medical and pharmacy benefits, dental, life and disability insurance, a matched 401(k) Plan, paid time off, and much more.
Safety
Safety is a top priority for Sleep Number supporting customers and team members wellbeing. COVID-19 Precaution(s) are in place consistent with CDC guidelines, U.S. Department of Labor’s Occupational Health & Safety Administration (OSHA), and state/local laws.
EEO Statement
Sleep Number is an equal opportunity employer. We are committed to recruiting, hiring and promoting qualified people and prohibit discrimination based on race, color, marital status, religion, sex (including gender, gender identity, gender expression, transgender status, pregnancy, childbirth, and medical conditions related to pregnancy or childbirth), sexual orientation, age, national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state, or local law.
Americans with Disabilities Act (ADA)
It is Sleep Number’s policy to provide reasonable accommodations to qualified individuals with disabilities during the application process, consistent with applicable law. We may require supporting medical or religious documentation where applicable and permissible by law. If you are a qualified individual, you may request a reasonable accommodation at any time during the selection process, including if you are unable or otherwise limited in your ability to access open roles here.