Position Summary...

The Senior Manager, Portfolio Management – New Stores is responsible for identifying, evaluating, and securing new store locations to support the company's growth strategy. This role involves extensive market research, site selection, negotiations, and collaboration with internal and external stakeholders to ensure successful store openings.

What you'll do...

Market Analysis and Site Selection

• Conduct thorough market research to identify potential new store locations.

• Analyze demographic, economic, and competitive data to assess site viability.

• Visit and evaluate potential sites to determine their suitability.

• Presenting to leadership

Negotiation and Acquisition

• Negotiate lease or purchase agreements for new store locations.

• Collaborate with legal teams to review and finalize contracts.

• Ensure all agreements align with company policies and financial goals.

Project Management

• Coordinate with internal teams (e.g., construction, legal, finance) to facilitate store openings.

• Manage timelines and budgets for new store projects.

• Monitor progress and address any issues that arise during the development process.

Stakeholder Collaboration

• Build and maintain relationships with landlords, brokers, and local authorities.

• Work closely with the store operations team to ensure a smooth transition from site acquisition to store opening.

• Communicate effectively with senior management to provide updates and secure approvals.

Compliance and Documentation

• Ensure all new store locations comply with zoning laws and other regulatory requirements.

• Maintain accurate records of site evaluations, agreements, and project milestones.

• Prepare and present reports on market trends and site performance.

What You'll Bring…

• Minimum of 5 years of experience in commercial real estate, preferably in retail site selection.

• Proven track record of successful site acquisitions and store openings.

• Strong analytical and negotiation skills.

• Excellent project management and organizational abilities.

• Ability to work independently and make informed decisions.

• Proficient in real estate market analysis tools and software.

• Strong communication, presentation and interpersonal skills.

• Willingness to travel frequently to assess potential sites and manage projects.

• Bachelor’s degree in Real Estate, Business Administration, or a related field

About Walmart Stores, Inc.

From our humble beginnings as a small discount retailer in Rogers, Ark., Walmart has opened thousands of stores in the U.S. and expanded internationally. Through innovation, we're creating a seamless experience to let customers shop anytime and anywhere online and in stores. We are creating opportunities and bringing value to customers and communities around the globe. Walmart operates approximately 10,500 stores and clubs in 19 countries and eCommerce websites. We employ 2.1 million associates around the world — nearly 1.6 million in the U.S. alone.

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