Vice President, Boutique Development & Operations

VP, Boutique Development & Operations

Location:

North Olmsted, Ohio or Remote

Reports To:

VP, Sales and Marketing

Position Type:
Full-Time, Salary Exempt

Teddy is a leading luxury watch retailer known for its trusted expertise, elevated brand presence, and deep commitment to educating and inspiring the global watch-enthusiast community. We partner with the world’s most respected watch brands and deliver exceptional experiences across e-commerce, boutiques, concierge services, and our luxury watch premium content and education services.

The Vice President, Boutique Development & Operations will lead the development,opening, and ongoing performance of Teddy Baldassarre’s growing network of retail boutiques.

This role owns the full lifecycle of each boutique, from identifying and evaluating market sand specific locations through lease negotiation, design, construction, staffing, opening,and ongoing operations. The VP will work closely with the Senior Leadership Team,landlords, brokers, architects, general contractors, brand partners, and internal functional leaders to ensure each new boutique is delivered on time, on budget, and at the standard expected of Teddy Baldassarre and our brand partners.

Once boutiques are operational, this leader will be responsible for building a high-performing retail organization, including recruiting, developing, and retaining Boutique Directors, establishing operating standards, managing performance, and ensuring each location achieves its annual sales, profitability, customer experience, and brand objectives.

The ideal candidate is both a builder and an operator: someone who can assess a marketand negotiate a lease one day, manage a complex construction project the next, and coacha Boutique Director on sales performance, staffing, and customer experience the following week. The role requires strong commercial judgment, disciplined project management,exceptional leadership, and a deep understanding of premium or luxury retail.

• Own the company’s boutique expansion strategy and execute against the annualand long-term retail development plan.
• Identify and evaluate potential markets, trade areas, shopping centers, streets, and individual retail locations using customer data, market demographics, competitive analysis, brand presence, traffic patterns, economics, and other relevant factors.
• Develop business cases and financial models for new boutiques, including projected sales, occupancy costs, capital requirements, operating expenses,profitability, and return on investment.
• Partner with brokers, landlords, and internal leadership to evaluate potential sitesand determine which opportunities best meet Teddy Baldassarre’s strategic and financial criteria.
• Lead negotiation of letters of intent, leases, renewals, expansions, and other real estate agreements in partnership with legal counsel and the Senior Leadership Team.
• Maintain a pipeline of future retail opportunities and provide clear recommendations regarding market prioritization, timing, investment, and risk.

• Own each new boutique from approved location through opening, serving as the primary internal leader responsible for keeping the project on schedule, on budget,and aligned with the approved vision.
• Lead cross-functional coordination among the Senior Leadership Team, architects,designers, general contractors, landlords, brand partners, vendors, technology teams, operations, marketing, finance, and other stakeholders.
• Manage project budgets, timelines, permitting, construction milestones, landlord obligations, tenant improvement allowances, procurement, fixtures, technology,security, merchandising…