AVP, Real Estate

Description At Bath & Body Works, everyone belongs. We are committed to creating a diverse, equitable and inclusive culture focused on delivering exceptional fragrances and experiences to our customers. We focus on recruiting, retaining, and advancing diverse talent where our associate population is as diverse as the communities we serve, live and work. In addition, we work to improve our communities and our planet in a way that will make us proud for years to come because we believe the world is a brighter, happier place when everyone has access to the things that make them happy. The Associate Vice President (AVP) of Real Estate is responsible for driving the strategic execution of real estate initiatives across a multi-region North American fleet, while maintaining direct responsibility for an assigned region. This role plays a critical part in advancing Bath & Body Works’ real estate strategy, with a strong emphasis on accelerating non-mall growth and optimizing the existing fleet through strategic repositioning and other capital investments. The AVP partners closely with Real Estate Leadership to shape real estate strategies to ensure decisions align with long-term brand growth plans and enterprise capital deployment strategies. Through direct oversight of Directors and Managers, the AVP drives the consistent execution of financially and operationally compelling transactions across the fleet. Success in this role requires extensive industry expertise, excellent relationships with developers and retailers, strong leadership, and a demonstrated ability to deliver results in a complex and dynamic environment.

Responsibilities

• Understands and leads implementation of real estate strategies driving timely execution of tactical plans across a large multi-region North American fleet.
• Provide day-to-day leadership and strategic oversight to Directors and Managers to ensure flawless execution of tactical plan and capital deployment strategy.
• Strong market knowledge with complete familiarization of fleet positioning in multiple regions.
• Develop and maintain strong relationships with developers and industry peers to deliver best-in-class deal terms and execution.
• Conduct/lead site selection and deal negotiations for optimal brand positioning, in accordance with tactical plans.
• Balance execution of capital and non-capital transactions, ensuring agility in capital spending and alignment with growth priorities.
• Partner in the organizing/conducting of developer portfolio reviews to enable execution of tactical plan and capital deployment strategy.
• Collaborate with Store Design, Construction, Finance, Research, Legal, and cross-functional partners to resolve issues that impact timing, scope, and return on investment.

Qualifications

• 10+ years of retail real estate experience with multi-region or national scope
• 5+ years of management experience
• Possess extensive knowledge of multiple real estate markets.
• Maintain extensive industry contacts and relationships with retail developers and retailers.
• Excellent communication, negotiation, and presentation skills
• Strategic problem solver with strong financial acumen and analytical skills
• Proven leadership capability

Education

• Bachelor’s degree in finance, business/marketing or related field.
• Master’s degree in related field or J.D., preferred.

Core Competencies

• Lead with Curiosity & Humility
• Build High Performing Teams for Today & Tomorrow
• Influence & Inspire with Vision & Purpose
• Observe, Engage & Connect
• Strive to Achieve Operational Excellence
• Deliver Business Results

Benefits

Bath & Body Works associates are the heart of our business. That’s why we're proud to offer benefits that empower you to Dream Bigger & Live Brighter. Benefits for eligible associates include:

• Robust medical, pharmacy, dental and vision coverage. Plus, access to our onsite wellness center and pharmacy located at the Columbus, OH home office.
• 401k with company match and Associate Stock Purchase program with discount.
• No-cost mental health and wellbeing support through our Employee Assistance Program (EAP)
• Opportunity for paid time off and paid parental leave. Plus, access to family and lifestyle programs including an inclusive family building benefit, childcare discounts, and home, auto and pet insurance.
• Tuition reimbursement and scholarship opportunities for post-secondary education programs
• 40% merchandise discount and gratis that encourages you to come back to your senses!

Visit bbwbenefits.com for more details. Core Competencies

• Lead with Curiosity & Humility
• Build High Performing Teams for Today & Tomorrow
• Influence & Inspire with Vision & Purpose
• Observe, Engage & Connect
• Strive to Achieve Operational Excellence
• Deliver Business Results

Benefits

Bath & Body Works associates are the heart of our business. That’s why we're proud to offer benefits that empower you to Dream Bigger & Live Brighter. Benefits for eligible associates include:

• Robust medical, pharmacy, dental and vision coverage. Plus, access to our onsite wellness center and pharmacy located at the Columbus, OH home office.
• 401k with company match and Associate Stock Purchase with discount
• No-cost mental health and wellbeing support through our Employee Assistance Program (EAP)
• Opportunity for paid time off and paid parental leave. Plus, access to family and lifestyle programs including a family building benefit, childcare discounts, and home, auto and pet insurance.
• Tuition reimbursement and scholarship opportunities for post-secondary education programs
• 40% merchandise discount and gratis that encourages you to come back to your senses!

Visit bbwbenefits.com for more details. The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws. Please see links: Los Angeles Fair Chance In Hiring Ordinance, Philadelphia Fair Chance Law, San Francisco Fair Chance Ordinance. We are an equal opportunity employer. We do not make employment decisions based on an individual’s race, color, religion, gender, gender identity, national origin, citizenship, age, disability, sexual orientation, marital status, pregnancy, genetic information, protected veteran status or any other legally protected status, and we comply with all laws concerning nondiscriminatory employment practices. We are committed to providing reasonable accommodations for associates and job applicants with disabilities. Our management team is dedicated to ensuring fulfillment of this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, associate activities and general treatment during employment. We only hire individuals authorized for employment in the United States. Application window will close when all vacancy/vacancies are filled.