ED HOFMANN GLOBAL RETAIL PORTFOLIO

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ED HOFMANN GLOBAL RETAIL PORTFOLIO
ED HOFMANN
GLOBAL RETAIL PORTFOLIO
ED HOFMANN GLOBAL RETAIL PORTFOLIO
• 25 yrs experience in innovative design & development
   • 18 yrs with L Brands; from $6B      $28B market cap peak
   • Co-founded and co-managed ~20 person internal prototype design
     team at L Brands, mandate to eliminate expensive external resources
   • First of 5 initial associates driving int’l growth to a peak of managing
     development team of 30

   • Member L Brands International Executive Commitee, 15 cross-
     functional leaders managing $2.1B in sales over 78 countries
   • Designed and implemented 3 initial Victoria’s Secret flagships with
     1st Int’l Partner, Alshaya, in Dubai + Kuwait; performing ~$100M
     sales/yr at peak
                                                               KEY HIGHLIGHTS
ED HOFMANN
ED HOFMANN GLOBAL RETAIL PORTFOLIO
• Developed growth vehicle prototype, ‘Victoria’s Secret Beauty
          + Accessories’ and scaled globally, worth $350M sales, and
          the #1 mono-brand in world within the Travel Retail channel
        • Led internal Development team and drove first market entry
          stores in 39 countries, including initial 10 store test in China
        • Designed/managed teams completing ~500 locations
          globally in 70 countries worth $500M sales
        • Led Workplace Strategy + Design team; managing 2.1M sf of
          office space and 5M sf of distribution space in 5 countries
        • Expert in lease and contract negotiation including several
          complex and difficult high profile locations
                                                                KEY HIGHLIGHTS
ED HOFMANN
ED HOFMANN GLOBAL RETAIL PORTFOLIO
GOOD DESIGN
              + GREAT BRANDS ARE
              STORIES WELL TOLD
               I have a 25 year career interpreting those stories into
             highly effective, productive and emotionally compelling
               environments. A hybrid capability in both innovative
             design and development - effective in conceptualization
             thru to end-to-end execution at scale - with expertise in
                        domestic and international markets.

ED HOFMANN
ED HOFMANN GLOBAL RETAIL PORTFOLIO
This is how
             many things are
              sold, and sold
             well, but not my
                   focus

             COST DRIVEN

ED HOFMANN
ED HOFMANN GLOBAL RETAIL PORTFOLIO
Instead, my focus
                is on the full
               integration of
                Brand Story

             BRAND DRIVEN
ED HOFMANN
ED HOFMANN GLOBAL RETAIL PORTFOLIO
First EMEA
                       flagship for
                         Victoria’s
                          Secret

             THE AVENUES, KUWAIT
ED HOFMANN
ED HOFMANN GLOBAL RETAIL PORTFOLIO
Mall of Emirates, Dubai

                                                    Brand
                                                   creative
                                                  embodies
                                                   every sq.
                                                  centimeter

                                       THE AVENUES, KUWAIT
ED HOFMANN
ED HOFMANN GLOBAL RETAIL PORTFOLIO
A complete story thru to
                                        THE AVENUES, KUWAIT
ED HOFMANN       the fitting rooms
ED HOFMANN GLOBAL RETAIL PORTFOLIO
VIA DEI CALZAIUOLI, FLORENCE                                                                 MALL OF EMIRATES, DUBAI
                                                           Via Dei Calzaiuoli | Open Date: 11/26/16

                 THIRD ST. PROMENADE, L.A.

                                             3RD STREET PROMENADE, LA N. MICHIGAN AVE, CHICAGO                                   LIPPO PLAZA FLAGSHIP, SHANGHAI
             MALL OF STOCKHOLM, SWEDEN

ED HOFMANN
                                                                                                      BRAND DRIVEN STOREFRONTS; UNIQUE TO LOCATION
MUST DO MORE
                        WITH LESS
             Even more important today is consideration for cross-channel
             capability; translating the Brand story from Flagship, to typical
             local market location to highly productive travel retail location
                 to open-sell kiosk or pop up, while integrating digital
                 omnichannel capability - doing much more with fewer
                resources yet maintaining the brand equity and quality.

ED HOFMANN
For instance, format and iteration
                                                                                                                              development - tapping the
                                                                                                                          potential of every environment and
                                                                                                                          location while preserving the Story
                                                                                                                           and driving very high productivity

    FLAGSHIP STORE (Shanghai)
    Size: ~18k sf - 50k sf
                                                    GLOBAL HI-PROFILE STORE (Dubai)
                                                    Size: ~12k sf - 25k sf
                                                                                           VSFA (TYP) STORE (Guangzhou)
                                                                                           Size: ~5k sf - 12k sf

                                                                                                                                VSBA LOCAL MARKET STORE (Malaysia)
                                                                                                                                Size: ~500 sf - 1,200 sf
                                                                                                                                Edited Category Selection

                                                                                          VSBA TRAVEL RETAIL STORE (Beijing)
                                                                                          Size: ~300 sf - 1,200 sf                                   (VICTORIA’S SECRET EXAMPLE)
                                                              COUNTER STORE (Sao Paolo)
                                                              Size: ~200 sf - 500 sf
                             POP UP/KIOSK (Korea)                                                                          FORMAT + CHANNEL STRATEGY
                         Size: ~100 sf - 200 sf

ED HOFMANN
Via Dei Calzaiuoli | Open Date: 11/26/16

             Do more with less: prototype and creation of the Victoria’s Brand                            Via Dei Calzaiuoli
                                                                                           VIA DEI CALZAIUOLI,
             to a partner-based, fast-growth model with smaller footprint, less
                                                                                                FLORENCE
ED HOFMANN       capex, and curated assortment without sacrificing impact
Amagertorv | Open Date: 09/12/16

             Via Toledo

ED HOFMANN                                                   AMAGERTORV, COPENHAGEN
                                                                              Amagertorv
BEFORE    AFTER

             Or driving evolution + uncovering the full potential of Brand
                                                                               RESORTS WORLD SENTOSA,
              and story thru iteration is critical. This is same location, 5
                                                                                           SINGAPORE
             years apart with much higher sales volume post-renovation
ED HOFMANN
A concept for PINK with smaller footprint, less cost, therefore more
               scaleable, yet not trading down on the experience - becoming         ABU DHABI, UAE
                        extremely powerful incarnations of the Brand
ED HOFMANN
Maximizing a Brand’s potential thru lucrative
ED HOFMANN   channels such as Travel Retail/Duty Free Beauty   EXAMPLE TRAVEL LOCATIONS
Within a channel,
             creating several size +
              category models to
             tap as much potential
                 at possible…

             BATH + BODY WORKS
               EXAMPLE TIERS
ED HOFMANN
OTHER SAMPLE
               PROJECTS

ED HOFMANN
DUBAI MALL, UAE
ED HOFMANN                          ($3,100 usd/sq. ft.)

         The Dubai Mall, Dubai
DUBAI MALL, UAE
ED HOFMANN
IFC CENTER, HONG KONG   ($3,600 usd/sq. ft. Sales)
ED HOFMANN
             Victoria's Secret Beauty & Accessories   IFC, Hong Kong, VSBA Flagship
IFC CENTER, HONG KONG
ED HOFMANN
Concept to Completion
                                     IFC CENTER, HONG KONG
ED HOFMANN
IFC CENTER, HONG KONG
ED HOFMANN
ORLY SUD INT’L AIRPORT,
ED HOFMANN   PARIS ($2,100 usd/sq. ft. Sales)
VIENNA INT’L AIRPORT,
             VIENNA ($1,100 usd/sq. ft. Sales)
ED HOFMANN
ED HOFMANN
             CENTRAL STATION, MILAN   ($5,000 usd/sq. ft. Sales)
ED HOFMANN
             VICTORIA’S SECRET HERALD SQ. PERFUMERY, NY   ($6,000 usd/sq. ft. Sales)
ATATURK INT’L AIRPORT,
ED HOFMANN   ISTANBUL ($4,000 usd/sq. ft. Sales)
ATATURK INT’L AIRPORT,
ED HOFMANN                         ISTANBUL
             ATATURK AIRPORT, ISTANBUL
HANGZHOU + HONGQIAO
             INT’L AIRPORTS, SHANGHAI
                       ($2,600 usd/sq. ft. Sales)
ED HOFMANN
China Company-Owned China
             Travel Retail Examples
ED HOFMANN   Beijing, Chengdu, Tianjin, Kunming, Qingdao
TRAVEL RETAIL SHOP-IN-SHOP EXAMPLES
ED HOFMANN
             Travel Retail Shop-in-Shop    Examples
                                    ($1,500 - $10,000 usd/sq. ft. Sales)

             South Korea, Dubai
EXAMPLE TAX FREE WORLD ASSOC. INSTALL, CANNES
ED HOFMANN
Keflavik, Iceland

             Sao Paolo, Brazil

                                                                                       Rio, Brazil

               Kowloon, HK
                                 Changi, Singapore   EXAMPLE BATH + BODY WORKS STORES
ED HOFMANN                                                          ($500 - $2,000 usd/sq. ft. Sales)
58TH & LEXINGTON FLAGSHIP, NYC
        1ST FLAGSHIP DESIGN                                                             25,000 SF                      2008

                                         HISTORICAL PHOTOS VS STORE DESIGN | PROTOTYPE DESIGN GROUP; SDC | VICTORIA’S SECRET | 11

                                 VICTORIA’S SECRET, LEXINGTON AVENUE, NY, NY
ED HOFMANN
STORE DEVELOPMENT PROCESS FLOW
ED HOFMANN

        Victoria's Secret Beauty & Accessories        Store Development Process
EXAMPLE COST + SCHEDULE CONTROLS
ED HOFMANN                                                     Cost + Schedule
             Victoria's Secret Beauty & Accessories
                                                               Controls, Planning
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