Retail Store Expansion
2 days ago
Expansion Strategy & Planning
Develop and implement the annual retail expansion plan across targeted geographies.
- Conduct market mapping, competitor analysis, and demographic studies to identify high-potential areas.
Recommend formats (mall, high street, kiosk, franchise, etc.) based on market potential.
Site Identification & Evaluation
Source and shortlist potential retail locations through brokers, developers, and local networks.
- Conduct site surveys, footfall analysis, trade area assessment, and catchment studies.
Prepare feasibility reports, ROI projections, and business cases for management approval.
Negotiation & Finalization
Negotiate commercial terms with landlords/developers including rent, CAM, deposit, lock-in, fit-out period, and revenue share if applicable.
Work closely with Legal team to finalize LOIs, lease agreements, and required documentation.
Project Management & Store Development
Coordinate with designers, architects, vendors, and contractors for layout finalization and store build-out.
- Ensure all approvals (municipal, mall management, permissions) are obtained on time.
Track project timelines, budget adherence, and monitor on-ground project execution.
New Store Opening
Collaborate with Operations, Marketing, IT, Supply Chain, and HR teams for seamless store opening.
- Ensure brand standards, visual merchandising guidelines, and operational readiness are met.
Conduct post-opening reviews and handover to the Operations team.
Portfolio Management
Monitor existing store performance and recommend relocations, right-sizing, closures, or remodels.
Maintain database of all store leases, expiries, renewals, and rental escalations.
Relationship Management
Build strong relationships with mall management teams, real estate developers, property consultants, and franchise partners.
- Represent the company in real estate forums, exhibitions, and networking events.
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