Profitable Expansion of Lifestyle Stores for the Region
- Evaluating markets for potential catchment for Opening Outlets
- Understand and be aware of competition in terms of store presentation and layout
- Understand market dynamics and be informed about market trends
- Proactively present ideas for business growth and new stores in regions
- Generate / validate leads and evaluate current store opportunities in various locations across the assigned region, identifying properties, Market mapping/ catchment analysis, rental feasibility and further attributed for the identified properties to be crucially examined along with Territory Head / Area Manager / BD Head
- Jointly Conduct feasibility study related to Suitability of the Building, Business and Financial sustainability and growth with all TH/AM / BDH
- Prepare the New Store business proposal note/ PPT, coordinate with Regional Finance Team in preparation and validation of PFR / IRR working, Cluster Analysis and Market Feasibility
- Negotiate and conclude commercials inline to the market standards and business feasibility
- Liaison with Project & Group IT team and developer for store Fit out execution
- Liaison with Corporate Legal Team and the developer on title due diligence and conclusion of agreement
- Ensure completion of New Store Related Documentation & Statutory Compliance
MIS
- If to understand and support specific actions
KEY RESULT AREAS ( KRAs)
COMPETENCIES
Financial
- Closure of existing new store proposals, and generation of new market opportunities created in line with budget
- Number of store moved from below PFR to above PFR level
Customer
- Delivering New Store business as per the PFR business plan