Retail Director – SAKS 5th Avenue (Bahrain)
Job Description
Our Retail Director is responsible for setting up the business plan of the Brand along with goals and objectives, budgets and commercial targets in alignment with the General Manager as well as Brand Owners strategic direction for the short and long term. In addition, our Retail Director is responsibl e for managing the human capital within the Brand, directly or through Department Managers, ensuring excellence of commercial performance. Your responsibilities will include:
- Elaborate the Brand's vision and set up the yearly strategic plan and the yearly budgets in accordance with the General Manager
- Participate in strategic meetings with suppliers, marketing, merchandising and regional teams to negotiate commercial conditions (margin, animations, exclusivity)
- Work in close coordination with the General Manager and recommend ideal retail & wholesale mix (stores to shut, prospecting for new/existing wholesales deals)
- Monitor and direct daily operations to ensure that goals and objectives are met in term of sales targets, margin and profit and take corrective action when necessary
- Approve Brand mix and oversee smooth implementation of opening, closing and renovation of shops and often get involved with the buying process
- Maintain smooth relationships with Brand Owners to ensure sustainable brand growth in the middle east
- Align with eCommerce and e-Retail managers on a regular basis to ensure pricing alignment on all channels
- Ensure optimization of supply chain processes to protect margins
- Monitor and oversee the Brand's budget and financial KPIs
- Analyze and improve cost effectiveness prepare, review budget updates in collaboration the Retail Regional Manager
- Prioritize and allocate available resources, make recommendations for improvement and ensure maximum effective service provision
- Hold regular business reviews with General Manager to review final P&L
- Attend Area Managers meetings to review the shops performance: sales achievements, marketing activities, staff training, and provide reports to General Manager in a concise and informative manner
- Monitor and analyze market trends, competitor activities provide action plans and follow up on implementation
- Assign individual objectives area management and merchandising teams, manage performance, empower staff, and provide formal and informal feedback in order to support professional development and maximize performance
- Ensure identification and proper development and recognition of HiPOs within team
- Ensure optimization of resources through proper manpower planning
What you'll need to succeed
- Luxury Retail experience ideally managing a Department Store
- Strong leadership skills, people centric with a focus on creating the right culture
- Commercial mindset and operational experience
- Good understanding of eCommerce
- Familiar with the Saudi and Bahraini market
What we can offer you
With us,you will turn your aspirations into reality. We will help shape your journey through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility. Our Group offers diverse career paths for those who are extraordinary, every day.
We recognize the value that you bring, and we strive to provide a competitive benefits package which includes health care, child education contribution, remote and flexible working policies as well as exclusive employeediscounts. To view all our perks and benefits,
Job Details
Employment Types:
Full time
Industry:
Retailing
Function:
Anchoring / TV / Films / Production , Retail Chains , Sales – Retail / General
Roles:
Other Retail Chains / Shops , Assistant Director / Director
