Manager Retail Real Estate

Description At Bath & Body Works, everyone belongs. We are committed to creating a culture of belonging focused on delivering exceptional fragrances and experiences to our customers. We focus on recruiting, retaining, and advancing top talent. In addition, we work to improve our communities and our planet to help the world live more fully. The Manager Retail Real Estate will lead the execution of our real estate strategy across an assigned region, driving new store growth and optimizing the existing fleet. This includes identifying and negotiating deals for new locations, renewals, remodels, relocations, conversions, rent relief, and closures—all aligned with Bath & Body Works’ tactical growth plans. This role will shape how retail real estate supports broader business objectives by leveraging competitor intelligence, market analysis, and cross-functional collaboration. Flexibility and strategic agility are key as we align capital deployment with evolving priorities.

Responsibilities

• Lead and manage a high volume of capital transactions, ensuring timely execution and alignment with departmental objectives.
• Proactively manage lease expirations, pursuing early renewals and flexible lease terms to support business needs.
• Cultivate and manage strong relationships with brokers, landlords, and other key partners.
• Analyze fleet performance and market dynamics—including tiering, segmentation, and competitor trends—to guide decision-making.
• Conduct annual portfolio reviews to inform strategy and prioritize capital allocation.
• Partner with Store Design & Construction, Finance, Research, and Legal to evaluate deals and address key issues.
• Stay current on retail, real estate, and macro trends to anticipate shifts and adapt strategies accordingly.
• Lead in-market travel, executive site visits, vendor meetings, and industry conferences.
• Present all capital and non-capital transactions to Executive leadership at Real Estate Committee.
• Up to 25% travel, usually scheduled at associate's discretion.

Qualifications

• Exhibits outstanding communication, negotiation, relationship building, and analytical skills.
• Strong interpersonal and networking skills.
• 2-3 years of experience in retail real estate or tenant/landlord representation.
• Proven ability to manage a high volume of complex projects.
• Strategic thinker with sound judgment and decision-making capabilities.

Education

• Bachelor’s Degree required.
• JD or MBA preferred but not required.

Core Competencies

• Lead with Curiosity & Humility
• Build High Performing Teams for Today & Tomorrow
• Influence & Inspire with Vision & Purpose
• Observe, Engage & Connect
• Strive to Achieve Operational Excellence
• Deliver Business Results

Benefits

Bath & Body Works associates are the heart of our business. That’s why we're proud to offer benefits that empower you to Dream Bigger & Live Brighter. Benefits for eligible associates include:

• Robust medical, pharmacy, dental and vision coverage. Plus, access to our onsite wellness center and pharmacy located at the Columbus, OH home office.
• 401k with company match and Associate Stock Purchase with discount
• No-cost mental health and wellbeing support through our Employee Assistance Program (EAP)
• Opportunity for paid time off and paid parental leave. Plus, access to family and lifestyle programs including a family building benefit, childcare discounts, and home, auto and pet insurance.
• Tuition reimbursement and scholarship opportunities for post-secondary education programs
• 40% merchandise discount and gratis that encourages you to come back to your senses!

Visit bbwbenefits.com for more details. The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws. Please see links: Los Angeles Fair Chance In Hiring Ordinance, Philadelphia Fair Chance Law, San Francisco Fair Chance Ordinance. We are an equal opportunity employer. We do not make employment decisions based on an individual’s race, color, religion, gender, gender identity, national origin, citizenship, age, disability, sexual orientation, marital status, pregnancy, genetic information, protected veteran status or any other legally protected status, and we comply with all laws concerning nondiscriminatory employment practices. We are committed to providing reasonable accommodations for associates and job applicants with disabilities. Our management team is dedicated to ensuring fulfillment of this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, associate activities and general treatment during employment. We only hire individuals authorized for employment in the United States. Application window will close when all role(s) are filled. Apply tot his job Apply To this Job