Head of Retail Development

Meta • Montpelier, VT • 23h ago

Summary:

Reality Labs brings together experts to develop and ship groundbreaking products at the intersection of hardware, software, and platform. RL includes Quest, Ray-Ban Meta, work products, AR/VR software and content, and R&D labs. We plan to release multiple products and technologies over the next few years that will define new categories and advance Meta's mission of bringing the world closer together.We are seeking a Head of Retail Development to lead all aspects of first-party physical retail real estate, portfolio strategy, and budget management for Meta Lab stores. This role is responsible for setting the vision and execution for our retail footprint, ensuring efficient and compliant management of resources, and driving innovation-including AI integration-across the retail real estate domain.You will possess in-depth knowledge in retail real estate, with demonstrated experience managing large-scale portfolios, budgets, and cross-functional stakeholder relationships. You will partner closely with design and construction teams to help define store layouts, fixturing, and new store concepts.

Required Skills:

Head of Retail Development Responsibilities:

Lead the strategic direction for all first-party physical retail real estate, including site selection and support lease negotiations and portfolio optimization

Develop and execute portfolio strategy to balance growth, efficiency, and risk across geographies and store formats

Drive budgeting and financial management for the 1P retail organization, covering store build-outs, maintenance, retail operations, new projects as well as 1P and cross-functional initiatives

Implement AI-driven solutions for site selection, lease management, and portfolio analytics

Leverage advanced analytics to identify opportunities for expansion, consolidation, and optimization

Build and maintain relationships with internal partners (Legal, Leasing, Facilities, Finance, Design, Construction, Compliance) and external vendors and brokers including landlords and shopping centers

Support internal cross-functional partners with negotiations and managing contracts with external partners, ensuring favorable terms and compliance

Collaborate with design and construction teams to influence store layouts, fixturing, and new store concepts

Ensure compliance and efficient resource allocation by partnering with cross-functional teams and identifying cost-saving opportunities

Establish and monitor financial controls, reporting, and performance metrics to track ROI and drive continuous improvement

Refine portfolio strategy based on market trends, consumer behavior, and business objectives

Surface risks and opportunities through data-driven insights and proactively recommend strategic adjustments

Minimum Qualifications:

BA/BS degree

12+ years in retail real estate, portfolio strategy, or equivalent roles

10+ years experience in retail, with significant exposure to physical store operations

10+ years experience in tech and/or consumer electronics

Demonstrated expertise in stakeholder and vendor management across complex organizations

Ability to convey information clearly and effectively in both clear and concise documentation and spoken formats

Preferred Qualifications:

Bachelor's degree in Business Management, Real Estate, or related field

15+ years of experience in retail real estate, portfolio strategy, or sales, with at least 7 years in an executive leadership

Experience working in a global retail organization, with an understanding of international markets and cultures

Proven track record of implementing AI or advanced analytics in retail real estate or portfolio management

Demonstrated knowledge of compliance, budgeting, and financial controls in large-scale retail environments

Public Compensation:

$193,000/year to $269,000/year + bonus + equity + benefits

Industry: Internet

Equal Opportunity:

Meta is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereo@types, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Meta participates in the E-Verify program in certain locations, as required by law. Please note that Meta may leverage artificial intelligence and machine learning technologies in connection with applications for employment.

Meta is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at accommodations-ext@meta.com.

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