Company Overview: Our client is a leading luxury retail company with a reputation for its timeless designs, attention to detail, and commitment to using the finest materials. Their collections typically include a range of clothing items all crafted with a focus on sophisticated simplicity and luxury. With several directly operated retail stores across the Northeast, a small wholesale business, and a thriving ecommerce channel, they pride themselves on delivering exceptional products and unparalleled customer experiences.
Position Overview: As the General Manager, you will play a pivotal role in leading the retail operations to achieve strategic objectives and financial targets. Reporting directly to the CEO, you will oversee all aspects of the retail business, including financial management, operations, expansion initiatives, and team leadership. Your expertise in luxury retail management, financial acumen, and strategic vision will be instrumental in driving the continued success and growth of the company.
Key Responsibilities:
Financial Management:
Develop and manage annual budgets, profit and loss statements, and financial forecasts.
Monitor financial performance and identify areas for improvement to maximize profitability.
Implement cost-control measures and ensure adherence to financial policies and procedures.
Oversee and manage the Profit and Loss (PnL) statements for the company's operations, ensuring accuracy and adherence to financial reporting standards.
Analyze PnL data to identify trends, variances, and areas of opportunity or concern, providing insights and recommendations to support strategic decision-making.
Develop and implement financial strategies to optimize profitability, including cost reduction initiatives, revenue enhancement strategies, and resource allocation optimization.
Collaborate with cross-functional teams to forecast and budget revenue and expenses, monitoring performance against targets and adjusting plans as necessary.
Conduct regular reviews of PnL performance with senior management, providing comprehensive reports and presentations to communicate financial results, trends, and forecasts.
Operations Oversight:
Oversee the day-to-day operations of all retail stores, wholesale business, and ecommerce channel.
Ensure efficient inventory management, including buying strategies and merchandise planning.
Implement operational best practices to enhance productivity and customer satisfaction.
Lead and manage the end-to-end buying process for retail stores, including product selection, vendor negotiations, purchasing, and inventory management, to ensure alignment with the company's merchandising strategy and financial goals.
Expansion and Location Management:
Lead efforts to identify and evaluate new retail locations for expansion.
Coordinate with architects and oversee store design and construction processes.
Negotiate lease agreements and manage relationships with landlords and property owners.
Leadership and Team Management:
Provide strong leadership to a small leadership team, including the Director of Retail and Operations Director.
Foster a culture of collaboration, accountability, and continuous improvement.
Mentor and develop team members to support their professional growth and career advancement.
Qualifications:
Proven experience in a senior leadership role within the luxury retail industry.
Strong financial acumen with experience in budgeting, financial analysis, and profit optimization.
Demonstrated success in retail operations management, including inventory control and supply chain management.
Experience in scouting and securing prime retail locations, negotiating lease agreements, and managing construction projects.
Exceptional leadership skills with the ability to motivate and inspire cross-functional teams.
Excellent communication, negotiation, and interpersonal skills.
Strategic thinker with a results-oriented mindset and the ability to drive change and innovation.
Additional Information:
Location: Miami, FL Willing to offer relocation
Travel: Some travel may be required for site visits, meetings, and industry events.