About Us:
We are brand builders who focus our passion and creativity to build Calvin Klein and TOMMY HILFIGER into the most desirable lifestyle brands in the world and at the same time position PVH as one of the best-performing brand groups in our sector. Guided by our values and enabled by our scale and global reach, we are driving fashion forward for good, as one team with one vision and one plan. That’s the Power of Us, that’s the Power of PVH+.
One of PVH’s greatest strengths is our people. Our collective desire is to create a workplace environment where every individual is valued, and every voice is heard, and we are committed to fostering an inclusive and diverse community of associates with a strong sense of belonging. Learn more about Inclusion & Diversity at PVH here.
Reporting to SVP, Real Estate and Expansion, the Director Real Estate will work in collaboration with senior brand leadership to develop the strategic, long range market plans for our fleet of stores. This role will source potential sites, negotiate leases and support the opening of major capital investment projects on time and meet the financial and strategic objectives of the company. The role will be responsible to resolve portfolio wide landlord negotiations effectively, efficiently and within leasing guidelines that drives overall value and benefit to the brands. This position will require travel with approximately 15-25% of time being spent in market.
What you will do:
Strategy and Planning:
Develop and implement long-range real estate strategies that align with the brands overall strategic objectives.
Conduct market analysis and feasibility studies to identify new opportunities for growth and expansion.
Monitor and evaluate the performance of the existing real estate portfolio to recommend strategic actions, such as renovations, relocations, or closures.
Site Selection and Acquisition:
Source, qualify, and secure new retail sites, considering factors like demographics, competition, rent rates, and zoning regulations.
Manage the acquisition and disposition of properties.
Oversee the due diligence process for new acquisitions, including reviewing third-party reports.
Negotiations and Leasing:
Lead lease negotiations for new locations, renewals, expansions, and amendments.
Negotiate favorable lease terms to maximize value and minimize risk.
Collaborate with legal counsel to ensure all lease documents and contracts are prepared correctly.
Stakeholder Management:
Collaborate with internal departments, including legal, finance, construction, marketing, and operations.
Maintain strong relationships with external partners like landlords, brokers, and other stakeholders.
Key liaison for senior management in the landlord & broker community, resolving portfolio wide conformity lease issues and specific final leasing deal points
Collaborate with leadership in Retail Operations and Store Maintenance to resolve any store issues and concerns that impact day to day operations
Financial and Administrative:
Prepare financial analyses, including proformas, and review settlement statements.
Manage the preparation and presentation of investment proposals to senior leadership.
Ensure compliance with internal controls and internal/external reporting requirements.
Develop the long-range strategic plan for the real estate growth of the portfolio and ensure execution of the plan to deliver profitable financial results that meet and/or exceed corporate governance metrics.
Drive the portfolio to deliver upon Annual Operating Plan (AOP) targets (on time and within parameters) and Long Range Plan (LRP), working in partnership with Store Construction, Store Development, Finance, Retail Operations and Legal.
What you’ll bring:
10+ years real estate leasing experience, with a strong preference representing retail tenants and managing a portfolio of stores
Expert knowledge of lease language & related legal documentation specific to retail real estate
Must be confident and concise in storytelling/presenting to Sr Executives that is supported with proficient financial acumen
Must have strong and proven work ethic, operating with utmost integrity.
Expert negotiation skills and tactics, who can articulate a compelling argument and drive negotiations to a favorable conclusion.
Pay Range:$143,200---$193,300PVH currently provides base salary ranges for all positions-on job advertisements-in the United States based on local requirements. These ranges are based on what PVH reasonably believes that it will pay an associate for their base salary for said position at the time of the posting. Individual compensation will ultimately be determined based on a variety of relevant factors including but-not limited to qualifications, geographic location and other relevant skills. PVH is committed to providing a market-competitive total rewards package to eligible associates, which includes diverse and robust health and insurance benefits to meet the varied needs of our associates and an above-market 401(k) contribution to help our associates save for retirement. We also offer career growth opportunities, empowering our associates to design their future at PVH.Additional Compensation: This role is bonus eligible. This role is equity eligible.
Your Wellbeing is Our Priority
At PVH, we offer competitive, cost-effective, and comprehensive benefit packages. We strive to provide options when it comes to your health, finances, and work-life balance. This includes:
Pay & Insurance: Competitive pay, bonus programs, best in class medical insurance, vision insurance, dental insurance, life insurance, disability insurance, and more.
401(k): An above-market 401(k) contribution to help our eligible associates save for retirement.
Flexible Workplace: Generous company-paid holidays, paid time off, hybrid working arrangements, volunteer opportunities, seasonal hours, and flexible work schedules.
Wellbeing Support: A variety of wellbeing tools and programs such as, Headspace membership, reimbursement for fitness memberships and/or digital meditation subscriptions, and the opportunity to earn up to $200 a year in rewards for exercising and participating in healthy activities.
Care.com Services: Access to services for childcare, elder care, adoption preparation, pet care, plus reimbursement for backup care when your regular plans fall through.
Education Assistance: Receive support for continued education including tuition reimbursement.
Associate Discount: Shop at our company outlets and e-commerce sites at a discount.
Please note, eligibility depends on employment status, location and length of time employed with PVH and our benefits may be subject to change. Applications will be accepted on a rolling basis until the position is filled.
PVH Corp. or its subsidiary ("PVH") is an equal opportunity employer and considers all applicants for employment on the basis of their individual capabilities and qualifications without regard to race, ethnicity, color, sex, gender identity or expression, age, religion, national origin, citizenship status, sexual orientation, genetic information, physical or mental disability, military status or any other characteristic protected under federal, state or local law. In addition to complying with all applicable laws, PVH is also committed to ensuring that all current and future PVH associates are compensated solely on job-related factors such as skill, ability, educational background, work quality, experience and potential.
To achieve these goals, across the United States and its territories, PVH prohibits any PVH employee, agent or representative from requesting or otherwise considering any job applicant’s current or prior wages, salary or other compensation information in connection with the hiring process. Accordingly, applicants are asked not to disclose this salary history information to PVH.
