Retail Week Power List 2014
The Retail Week Power List 2014 reveals the 100 most influential people in retail. Take a look to find out who has risen up the ranks, who has slipped down, and why each person matters to the sector.
Download the Retail Week Power List in full here.
1
Lord Wolfson
chief executive - Next
2013 RANK: 2
The Power List has a new leader and no one can doubt that Next boss Lord Wolfson is a worthy replacement for last year’s top entry Justin King.
There are few chief executives in retail who, when they speak, make the entire industry sit up and listen. Wolfson is undoubtedly one of them – his status as one of the most incisive economic commentators in the UK, and one of the most successful retailers, has earned him his place at number one.
Wolfson’s Next has become the model for multichannel that the fashion sector is trying to emulate, and the mid-market retailer has thrived throughout the downturn.
Its predominantly online Directory business is soaring and is now more profitable than its retail arm. However, Next’s stores business is still growing too and Wolfson is committed to adding new space.
Despite proclamations that retailers have too many stores for the multichannel age, Wolfson realises that clicks and bricks can help each other flourish. Click-and-collect is a core part of the online offer and Next customers love the convenience of being able to pick up items ordered before 10pm at their local store the next day.
But it’s not just his retail prowess that people admire. Conservative peer Wolfson is super smart with a keen interest in economics – he advised David Cameron on economic policy before the last general election and is married to George Osborne’s economic adviser Eleanor Shawcross. Despite valuing his privacy, Wolfson has taken centre stage on programmes such as Question Time, where he has handled himself with aplomb on a range of socio-economic subjects. This has led some to suggest that a career in politics may beckon for him.
Wolfson is a master of under-promising and over-achieving and Next, once again, had a stellar year. The fashion and homewares retailer, which is just 30 years old, has overtaken high street stalwart Marks & Spencer in terms of profitability this year.
Pre-tax profit soared 11.8% to almost £700m in its last financial year in what Wolfson modestly said was a “good year”.
Next has got off to a flying start in its current year too, already raising its full-year expectations after a bumper first quarter. And Wolfson has achieved all this while tending to a newborn baby at home – a potential heir to the Next dynasty – after he recently became a father for the first time.
Wolfson, of course, comes from retail stock. Next runs in his blood, as father David was chairman of the company in the 1990s. Wolfson, however, started his career at Next on the shop floor at its Kensington branch, which enabled him to truly understand the business. He soon rose through the ranks and was made chief executive at just 33 years old, which made him the youngest boss of a FTSE 100 company. That faith was repaid as he has led the retailer to continuous profit growth over the past 13 years. Wolfson, once again, showed his generous side this year. Following last year’s donation of his £2.4m bonus to staff, this year he has given away his £4m windfall to thank employees for “sticking with Next through tough times”. It has been another flawless year for Wolfson– he is a worthy winner of the Power List top spot.
There are few chief executives in retail who, when they speak, make the entire industry sit up and listen. Wolfson is undoubtedly one of them – his status as one of the most incisive economic commentators in the UK, and one of the most successful retailers, has earned him his place at number one.
Wolfson’s Next has become the model for multichannel that the fashion sector is trying to emulate, and the mid-market retailer has thrived throughout the downturn.
Its predominantly online Directory business is soaring and is now more profitable than its retail arm. However, Next’s stores business is still growing too and Wolfson is committed to adding new space.
Despite proclamations that retailers have too many stores for the multichannel age, Wolfson realises that clicks and bricks can help each other flourish. Click-and-collect is a core part of the online offer and Next customers love the convenience of being able to pick up items ordered before 10pm at their local store the next day.
But it’s not just his retail prowess that people admire. Conservative peer Wolfson is super smart with a keen interest in economics – he advised David Cameron on economic policy before the last general election and is married to George Osborne’s economic adviser Eleanor Shawcross. Despite valuing his privacy, Wolfson has taken centre stage on programmes such as Question Time, where he has handled himself with aplomb on a range of socio-economic subjects. This has led some to suggest that a career in politics may beckon for him.
Wolfson is a master of under-promising and over-achieving and Next, once again, had a stellar year. The fashion and homewares retailer, which is just 30 years old, has overtaken high street stalwart Marks & Spencer in terms of profitability this year.
Pre-tax profit soared 11.8% to almost £700m in its last financial year in what Wolfson modestly said was a “good year”.
Next has got off to a flying start in its current year too, already raising its full-year expectations after a bumper first quarter. And Wolfson has achieved all this while tending to a newborn baby at home – a potential heir to the Next dynasty – after he recently became a father for the first time.
Wolfson, of course, comes from retail stock. Next runs in his blood, as father David was chairman of the company in the 1990s. Wolfson, however, started his career at Next on the shop floor at its Kensington branch, which enabled him to truly understand the business. He soon rose through the ranks and was made chief executive at just 33 years old, which made him the youngest boss of a FTSE 100 company. That faith was repaid as he has led the retailer to continuous profit growth over the past 13 years. Wolfson, once again, showed his generous side this year. Following last year’s donation of his £2.4m bonus to staff, this year he has given away his £4m windfall to thank employees for “sticking with Next through tough times”. It has been another flawless year for Wolfson– he is a worthy winner of the Power List top spot.
2
Sir Charlie Mayfield
chairman - John Lewis Partnership
2013 RANK: 4
From being knighted last year to being named the British Retail Consortium’s new chairman, Sir Charlie Mayfield has had an undeniably good period.
The former Scots Guards officer who leads one of the UK’s most successful retail groups seems to grow in stature each year.
Mayfield’s reading of consumer behaviour and the economy has enabled the group to thrive.
In the John Lewis Partnership’s annual report, Mayfield said: “You don’t achieve the progress we have in a straight line: there will be bumps along the way. It’s how you respond to those bumps that defines a successful organisation and we have been agile and responsive.”
Mayfield’s track record at the Partnership is formidable. Under Mayfield’s chairmanship the leaders of the Partnership’s businesses have been able to innovate and invest in technology such as click-and-collect initiatives and the start-up incubator JLab.
And the financial performance of the Partnership, whose eponymous business celebrated its 150th birthday this year, hasn’t been bad either. Pre-tax profit before exceptionals rose 9.6% to £376.4m in the year to January 25, when both Waitrose and John Lewis delivered convincing market- beating performances.
Cool headed, courteous and undoubtedly authoritative, Mayfield’s view of food, home and fashion makes his opinions on the economy one of the most sought after in business. With his new BRC remit, which kicks off in September, his voice will be even louder as he bangs the drum for the sector and wields his influence ever more widely.
The former Scots Guards officer who leads one of the UK’s most successful retail groups seems to grow in stature each year.
Mayfield’s reading of consumer behaviour and the economy has enabled the group to thrive.
In the John Lewis Partnership’s annual report, Mayfield said: “You don’t achieve the progress we have in a straight line: there will be bumps along the way. It’s how you respond to those bumps that defines a successful organisation and we have been agile and responsive.”
Mayfield’s track record at the Partnership is formidable. Under Mayfield’s chairmanship the leaders of the Partnership’s businesses have been able to innovate and invest in technology such as click-and-collect initiatives and the start-up incubator JLab.
And the financial performance of the Partnership, whose eponymous business celebrated its 150th birthday this year, hasn’t been bad either. Pre-tax profit before exceptionals rose 9.6% to £376.4m in the year to January 25, when both Waitrose and John Lewis delivered convincing market- beating performances.
Cool headed, courteous and undoubtedly authoritative, Mayfield’s view of food, home and fashion makes his opinions on the economy one of the most sought after in business. With his new BRC remit, which kicks off in September, his voice will be even louder as he bangs the drum for the sector and wields his influence ever more widely.
3
Jeff Bezos
founder - Amazon
2013 RANK: 5
Retail is increasingly just one of many industries Jeff Bezos is busy disrupting. From publishing to entertainment to providing cloud software, Amazon is increasingly everywhere.
And while Bezos seems to have spent most of the year talking about delivery drones, it's actually his growing wholesale business, the B2B distribution service AmazonSupply, that is likely to have a more fundamental effect on delivery in the medium term. The development of the business has been a quiet one, but it may not be long until retailers are receiving products from Amazon, as well as competing with it on retail terms. The business launched in 2012, and has grown quickly.
But of course it would be an unusual year if Amazon had done nothing to worry retailers. Having launched several grocery pilots in previous years, this year it has ramped up its grocery offer in the US with a service offering cheap delivery of "everyday essentials". While there is still plenty of work to do on the service, called Prime Pantry – it has a slow four-day delivery time and doesn't include fresh food – retailers would be foolish to write it off. Amazon's grip on the retail sector has never been stronger, and Bezos is a formidable innovator.
And while Bezos seems to have spent most of the year talking about delivery drones, it's actually his growing wholesale business, the B2B distribution service AmazonSupply, that is likely to have a more fundamental effect on delivery in the medium term. The development of the business has been a quiet one, but it may not be long until retailers are receiving products from Amazon, as well as competing with it on retail terms. The business launched in 2012, and has grown quickly.
But of course it would be an unusual year if Amazon had done nothing to worry retailers. Having launched several grocery pilots in previous years, this year it has ramped up its grocery offer in the US with a service offering cheap delivery of "everyday essentials". While there is still plenty of work to do on the service, called Prime Pantry – it has a slow four-day delivery time and doesn't include fresh food – retailers would be foolish to write it off. Amazon's grip on the retail sector has never been stronger, and Bezos is a formidable innovator.
4
Philip Clarke
chief executive - Tesco
2013 RANK: 3
Tesco chief executive Philip Clarke is under immense pressure to turn around the grocer's domestic business but remains among the most powerful in retail, controlling as he does the UK's largest retailer.
Clarke has had a tough year. While he has remained steadfast in his strategy to revive the UK arm, for some critics there are not yet enough signs that he has chosen the right path. Some investors want to see results faster, and he has lost finance director Laurie McIlwee.
The Liverpudlian has made great strides in his multichannel ambitions though, with new initiatives including lower delivery prices, and click-and-collect trials in areas such as tube stations. And following the success of its first Hudl tablet it will launch Hudl 2 later this year.
Clarke has also seen gains from the remodelling of its larger Extra stores. These have a revamped fresh offer, and the installation of businesses such as coffee shop Harris + Hoole and restaurant Giraffe have led to sales uplifts. But the challenge is to roll the new format across its estate, and in the meantime Tesco will remain under pressure.
Clarke has had a tough year. While he has remained steadfast in his strategy to revive the UK arm, for some critics there are not yet enough signs that he has chosen the right path. Some investors want to see results faster, and he has lost finance director Laurie McIlwee.
The Liverpudlian has made great strides in his multichannel ambitions though, with new initiatives including lower delivery prices, and click-and-collect trials in areas such as tube stations. And following the success of its first Hudl tablet it will launch Hudl 2 later this year.
Clarke has also seen gains from the remodelling of its larger Extra stores. These have a revamped fresh offer, and the installation of businesses such as coffee shop Harris + Hoole and restaurant Giraffe have led to sales uplifts. But the challenge is to roll the new format across its estate, and in the meantime Tesco will remain under pressure.
5
Paul Marchant
chief executive - Primark
2013 RANK: 15
Primark's boss doesn't like personal publicity but his industry power is vividly reflected in the runaway success of the value fashion giant.
There is no sign of things slowing down. On the contrary, Primark's ambitions only seem to get bigger under Paul Marchant's leadership.
While the retailer remains a darling of UK shoppers in search of cheap chic, its appeal is spreading internationally as the retailer makes its debut in more countries. And the story is the same in every country – massive crowds on opening day and consistently high shopper traffic thereafter.
This year Primark touched down in France but the big news was that it will launch in the US, starting in Boston late in 2015.
This time last year Primark was still in the eye of the storm that followed the collapse of the Rana Plaza building in Bangladesh.
However, Primark's response to the catastrophe showed how far it has travelled in recent years to adopt rigorous ethical standards.
The retailer's payments to those affected and action to address some of the underlying issues made it stand out compared to the reticence of some of the other retailers involved. Under Marchant, Primark looks likely to continue to set the retail pace in myriad ways.
There is no sign of things slowing down. On the contrary, Primark's ambitions only seem to get bigger under Paul Marchant's leadership.
While the retailer remains a darling of UK shoppers in search of cheap chic, its appeal is spreading internationally as the retailer makes its debut in more countries. And the story is the same in every country – massive crowds on opening day and consistently high shopper traffic thereafter.
This year Primark touched down in France but the big news was that it will launch in the US, starting in Boston late in 2015.
This time last year Primark was still in the eye of the storm that followed the collapse of the Rana Plaza building in Bangladesh.
However, Primark's response to the catastrophe showed how far it has travelled in recent years to adopt rigorous ethical standards.
The retailer's payments to those affected and action to address some of the underlying issues made it stand out compared to the reticence of some of the other retailers involved. Under Marchant, Primark looks likely to continue to set the retail pace in myriad ways.
6
Sir Philip Green
owner - Arcadia and Bhs
2013 RANK: 6
It has been a year of action on all fronts for the energetic tycoon, who has made big splashes in categories ranging from fashion to food.
In April, Sir Philip Green reprised the partnership between supermodel Kate Moss and his flagship Topshop business. Moss collection generated acres of press coverage and drew a crowd of thousands to its Oxford Street debut.
The billionaire Arcadia owner has also bought into the growing importance of technology to ensure Arcadia remains well positioned.
Topshop created in-store excitement during London Fashion Week when it staged a ‘virtual front row’ experience for shoppers, and Arcadia is embarking on a three-year, £50m overhaul of its IT.
He is taking an interest in online retail, and took a stake in etailer MySale, which is planning an IPO.
Green has also been attempting to breathe new life into his BHS chain. He created a stir with the introduction of a food offer and if pilots are successful he will roll out food across the chain.
In April, Sir Philip Green reprised the partnership between supermodel Kate Moss and his flagship Topshop business. Moss collection generated acres of press coverage and drew a crowd of thousands to its Oxford Street debut.
The billionaire Arcadia owner has also bought into the growing importance of technology to ensure Arcadia remains well positioned.
Topshop created in-store excitement during London Fashion Week when it staged a ‘virtual front row’ experience for shoppers, and Arcadia is embarking on a three-year, £50m overhaul of its IT.
He is taking an interest in online retail, and took a stake in etailer MySale, which is planning an IPO.
Green has also been attempting to breathe new life into his BHS chain. He created a stir with the introduction of a food offer and if pilots are successful he will roll out food across the chain.
7
Roman Heini and
Matthew Barnes
Matthew Barnes
joint managing directors - Aldi
2013 RANK: 50
It’s a huge leap for joint managing directors Matthew Barnes and Roman Heini– they are this year’s biggest risers, hurdling dozens of other power players from 50 to seven. But if any rise was ever well deserved, this is it.
Over the past year, Aldi has caused no end of problems for the big four grocers. Its success has been building for some years, but recently its hard work over the past two decades has started to pay off in a really big way. In June 2013, its share of the grocery market was 3.6% – its most recent market share in May, according to Kantar, was 4.7%. That is quite a jump to make in one year, especially in grocery.
In March this year, Aldi won both Retailer of the Year and International Retailer of the Year at the Oracle Retail Week Awards, and it continues to set the tone for the whole sector. Anyone who can put this level of pressure on giants such as Tesco deserves a place in the top 10.
Over the past year, Aldi has caused no end of problems for the big four grocers. Its success has been building for some years, but recently its hard work over the past two decades has started to pay off in a really big way. In June 2013, its share of the grocery market was 3.6% – its most recent market share in May, according to Kantar, was 4.7%. That is quite a jump to make in one year, especially in grocery.
In March this year, Aldi won both Retailer of the Year and International Retailer of the Year at the Oracle Retail Week Awards, and it continues to set the tone for the whole sector. Anyone who can put this level of pressure on giants such as Tesco deserves a place in the top 10.
8
Sir Ian Cheshire
group chief executive
- Kingfisher
- Kingfisher
2013 RANK: 7
Despite being knighted for services to business, sustainability and the environment in the past 12 months, the charismatic and erudite boss of Europe’s largest DIY group has dropped one place in the rankings this year.
Sir Ian Cheshire has had a strong year in some ways – further expanding Kingfisher’s overseas business while Screwfix continues to outpace the trade end of the market – yet in others it has been somewhat frustrating.
Bleak weather over Easter in 2013 led to flat full-year sales in the UK, prompting some analysts to question whether Brits’ love affair with DIY was on the wane. A restructure of B&Q’s management followed; a result of Cheshire’s dissatisfaction of the pace of change at Kingfisher’s flagship business. Chief executive Martyn Phillips left the business and Kevin O’Byrne, chief executive of the B&Q and Koçtas¸ brands, assumed direct responsibility for the UK and Ireland.
On the plus side, Cheshire has kicked off a four-year IT programme across Kingfisher while poaching Marks & Spencer veteran Richard Gillies to drive its sustainability initiatives.
Cheshire has also launched in new countries including Portugal, and is bolstering the all-important French business with the acquisition of French rival MrBricolage. He also has a plan to make the struggling China business work after revealing ambitions to find a partner in the country.
He may be stepping down as the chair of the British Retail Consortium in September and from his role as lead non-executive for the Department for Work and Pensions, but there is no doubt Cheshire will continue to be one of the most respected and prolific ambassadors for retail.
Sir Ian Cheshire has had a strong year in some ways – further expanding Kingfisher’s overseas business while Screwfix continues to outpace the trade end of the market – yet in others it has been somewhat frustrating.
Bleak weather over Easter in 2013 led to flat full-year sales in the UK, prompting some analysts to question whether Brits’ love affair with DIY was on the wane. A restructure of B&Q’s management followed; a result of Cheshire’s dissatisfaction of the pace of change at Kingfisher’s flagship business. Chief executive Martyn Phillips left the business and Kevin O’Byrne, chief executive of the B&Q and Koçtas¸ brands, assumed direct responsibility for the UK and Ireland.
On the plus side, Cheshire has kicked off a four-year IT programme across Kingfisher while poaching Marks & Spencer veteran Richard Gillies to drive its sustainability initiatives.
Cheshire has also launched in new countries including Portugal, and is bolstering the all-important French business with the acquisition of French rival MrBricolage. He also has a plan to make the struggling China business work after revealing ambitions to find a partner in the country.
He may be stepping down as the chair of the British Retail Consortium in September and from his role as lead non-executive for the Department for Work and Pensions, but there is no doubt Cheshire will continue to be one of the most respected and prolific ambassadors for retail.
9
Nick Robertson
Chief Executive - Asos
2013 RANK: 8
Nick Robertson remains a powerful force in retail despite it not being a vintage year for Asos. For once, the Asos boss has disappointed the City. The retailer’s share price plummeted this month after it twice warned on profits this year. Its strong international business is viewed as one of Asos’ greatest strength, but that has been its downfall as exchange rate fluctuation hits made its wares appear pricier overseas and sales dipped.
However, Robertson insists that it is just a bump in the road for the etailer, which he is determined to turn into a global force in fashion. There is no doubt that Robertson has created an impressive business that continues to set the standard for UK etail in terms of range of product, delivery and customer experience.
The recent wobble hasn’t dampened Robertson’s ambitions for the business he founded 14 years ago. This year he set his next milestone for Asos: £2.5bn sales target. Robertson usually delivers on his promises. When Asos was a mere minnow back in 2010, he set a £1bn sales target by 2015. It is on track to hit the sales target this year, 12 months ahead of schedule.
Its recent Chinese and Russian website launches should help turbo charge its sales going forward. In fact, Robertson predicts that its international business will account for 90% of sales when it hits its £2.5bn target as it puts UK retail on the map.
However, Robertson insists that it is just a bump in the road for the etailer, which he is determined to turn into a global force in fashion. There is no doubt that Robertson has created an impressive business that continues to set the standard for UK etail in terms of range of product, delivery and customer experience.
The recent wobble hasn’t dampened Robertson’s ambitions for the business he founded 14 years ago. This year he set his next milestone for Asos: £2.5bn sales target. Robertson usually delivers on his promises. When Asos was a mere minnow back in 2010, he set a £1bn sales target by 2015. It is on track to hit the sales target this year, 12 months ahead of schedule.
Its recent Chinese and Russian website launches should help turbo charge its sales going forward. In fact, Robertson predicts that its international business will account for 90% of sales when it hits its £2.5bn target as it puts UK retail on the map.
10
Andy Clarke
chief executive - Asda
2013 RANK: 10
Andy Clarke continues to steer the Asda ship with a steady hand. The grocer was the only one of the big four to hold its own in terms of market share in the 12 weeks to April 27 this year, according to Kantar, and it continues to impress its customers with its dedication to keeping prices low.
In May Clarke revealed a first quarter like-for-like sales increase of 0.1% – not much, but impressive in a market where Tesco's dipped 1.3% in its full year to April.
As a result, Asda is the only major supermarket to have a little breathing space in a competitive food sector that is under big pressure from the German discounters. Clarke has worked hard to make sure Asda is aware of and reflecting its customer's concerns – last year he called for a rise in the income tax threshold to help his poorest customers – and its figures are starting to reflect that.
In May Clarke revealed a first quarter like-for-like sales increase of 0.1% – not much, but impressive in a market where Tesco's dipped 1.3% in its full year to April.
As a result, Asda is the only major supermarket to have a little breathing space in a competitive food sector that is under big pressure from the German discounters. Clarke has worked hard to make sure Asda is aware of and reflecting its customer's concerns – last year he called for a rise in the income tax threshold to help his poorest customers – and its figures are starting to reflect that.
11
Andy Street
chief executive - John Lewis
2013 RANK: 12
As Andy Street looks back over 150 years of John Lewis, he can feel proud of the part he has had to play in its recent history.
The John Lewis boss has continued to invest in the tough times in a bid to improve the customer offer. This year he will plough £225m into innovation, IT and fulfilment, as well as stores.
Full-year operating profits before restructuring costs were up 11% to £240.5m. Online sales now represent 29% of revenue, and the ambitious Street has set lofty targets to get that figure to 40% by 2020.
As part of Street’s ambitions to set the pace for omnichannel, he has also focused on store formats, launching the second smaller department store in York in April and plotting a ‘click and commute’ store at St Pancras station and a shop at Heathrow airport.
In the last 12 months Street also launched John Lewis’s first loyalty card and became a sponsor of this summer’s Commonwealth Games.
Yet the year has not been without its sore points for Street; he had to fork out £40m due to an error relating to holiday pay and also lost his well-regarded product and brand director Peter Ruis. But the fact successor Paula Nickolds was ready to step into Ruis’s shoes so readily displays Street’s canny succession planning skill.
The John Lewis boss has continued to invest in the tough times in a bid to improve the customer offer. This year he will plough £225m into innovation, IT and fulfilment, as well as stores.
Full-year operating profits before restructuring costs were up 11% to £240.5m. Online sales now represent 29% of revenue, and the ambitious Street has set lofty targets to get that figure to 40% by 2020.
As part of Street’s ambitions to set the pace for omnichannel, he has also focused on store formats, launching the second smaller department store in York in April and plotting a ‘click and commute’ store at St Pancras station and a shop at Heathrow airport.
In the last 12 months Street also launched John Lewis’s first loyalty card and became a sponsor of this summer’s Commonwealth Games.
Yet the year has not been without its sore points for Street; he had to fork out £40m due to an error relating to holiday pay and also lost his well-regarded product and brand director Peter Ruis. But the fact successor Paula Nickolds was ready to step into Ruis’s shoes so readily displays Street’s canny succession planning skill.
12
Mark Price
chief executive - Waitrose
2013 RANK: 13
Food retailing is a fiercely fought market but Waitrose is more than holding its own. It routinely produces sales growth that bigger players in grocery could only dream of at the moment, and its service-led offer and reputation for quality has chimed with shoppers looking for value during the downturn.
This year, online sales have soared as the grocer ploughed efforts into multichannel, and it has helped lead the way in click-and-collect innovation – in January it revealed plans to open online collection points in London Tube stations later this year.
What has really made Waitrose stand out, however, is its continued growth potential and its convincing response to the discounters. While much of the grocery retail industry has floundered in determining the best response to Aldi and Lidl, Waitrose has stormed ahead, emphasising its British values and environmental policies, and wooing its loyal MyWaitrose members.
Mark Price has been the leader of this growth, expertly steering the business through difficult conditions and welcoming new ideas – dry cleaners and wine- tasting sessions have been introduced to stores. As the boss of this impressive operation, Price continues to set the agenda in grocery.
This year, online sales have soared as the grocer ploughed efforts into multichannel, and it has helped lead the way in click-and-collect innovation – in January it revealed plans to open online collection points in London Tube stations later this year.
What has really made Waitrose stand out, however, is its continued growth potential and its convincing response to the discounters. While much of the grocery retail industry has floundered in determining the best response to Aldi and Lidl, Waitrose has stormed ahead, emphasising its British values and environmental policies, and wooing its loyal MyWaitrose members.
Mark Price has been the leader of this growth, expertly steering the business through difficult conditions and welcoming new ideas – dry cleaners and wine- tasting sessions have been introduced to stores. As the boss of this impressive operation, Price continues to set the agenda in grocery.
13
Mike Ashley
founder - Sports Direct
2013 RANK: 11
Although some may frown on Mike Ashley’s ‘pile em high, sell em cheap’ strategy, it’s hard not to admire what his Sports Direct business has achieved.
Over the past 10 years, the retailer, which has one of the most impressive profit margins in the industry, has come to dominate the sportswear sector, seeing off well-established rivals like JJB.
Ashley however makes headlines for more than just Sports Direct’s soaring profits – he is one of retail’s true mavericks who is always eyeing new, and sometimes outrageous, opportunities.
His wheeling and dealing hit new highs this year as he shocked the City by snapping up a 4.6% share in struggling Debenhams – which he later swapped for an option to buy a larger stake at a lower price. Ashley followed this up by buying an 11% stake in long-time acquisition target House of Fraser.
As ever, no one seems to know what his game plan is other than Ashley himself.
The Debenhams deal looks likely to have acted as a precursor for Sports Direct to sell its wares in the department store, while the House of Fraser share is thought to have been a ploy to derail its sale to Chinese conglomerate Sanpower.
All eyes will be on Ashley to see what his next move will be.
Over the past 10 years, the retailer, which has one of the most impressive profit margins in the industry, has come to dominate the sportswear sector, seeing off well-established rivals like JJB.
Ashley however makes headlines for more than just Sports Direct’s soaring profits – he is one of retail’s true mavericks who is always eyeing new, and sometimes outrageous, opportunities.
His wheeling and dealing hit new highs this year as he shocked the City by snapping up a 4.6% share in struggling Debenhams – which he later swapped for an option to buy a larger stake at a lower price. Ashley followed this up by buying an 11% stake in long-time acquisition target House of Fraser.
As ever, no one seems to know what his game plan is other than Ashley himself.
The Debenhams deal looks likely to have acted as a precursor for Sports Direct to sell its wares in the department store, while the House of Fraser share is thought to have been a ploy to derail its sale to Chinese conglomerate Sanpower.
All eyes will be on Ashley to see what his next move will be.
14
Mike Coupe
incoming chief executive
- Sainsbury’s
- Sainsbury’s
2013 RANK: 28
Mike Coupe is currently commercial director but takes over from Justin King as chief executive of Sainsbury’s next month, and has moved up this year’s Power List following his promotion.
Coupe has worked with King for most of his 10-year tenure and was behind many of the initiatives that have helped the grocer outperform over the last few years, such as its price promotion Brand Match.
The guitar-playing physics graduate takes over at a difficult time. While Sainsbury’s led the market for some time, the grocer’s nine-year run of like-for-like sales uplifts came to a halt in its fourth quarter amid an increasingly competitive market. Sainsbury’s expects like-for-likes to be roughly flat for its current financial year.
And while Coupe has said the City should expect continuity when he takes the reins, he has also said he is not afraid of making changes if necessary.
Coupe has already promoted his digital and technology director Jon Rudoe to the operating board. Coupe is said to understand technology’s role in retail better than his predecessor and Rudoe’s promotion signals the shape of things to come.
Coupe has worked with King for most of his 10-year tenure and was behind many of the initiatives that have helped the grocer outperform over the last few years, such as its price promotion Brand Match.
The guitar-playing physics graduate takes over at a difficult time. While Sainsbury’s led the market for some time, the grocer’s nine-year run of like-for-like sales uplifts came to a halt in its fourth quarter amid an increasingly competitive market. Sainsbury’s expects like-for-likes to be roughly flat for its current financial year.
And while Coupe has said the City should expect continuity when he takes the reins, he has also said he is not afraid of making changes if necessary.
Coupe has already promoted his digital and technology director Jon Rudoe to the operating board. Coupe is said to understand technology’s role in retail better than his predecessor and Rudoe’s promotion signals the shape of things to come.
15
Tim Steiner
co-founder and chief executive
- Ocado
- Ocado
2013 RANK: 22
Ocado boss Tim Steiner’s dogged determination and focus stood him in good stead this year as he helped lead the roll-out of embattled grocer Morrisons’ online operation.
The deal with Morrisons, struck last year, was a game changer for Ocado. The online grocer became a technology provider and the partnership will be the first of many if Steiner gets his way.
From a trading perspective, Ocado has had a good year. While pre-tax losses widened, bringing to the fore yet again Ocado’s problems in making money at that level, analysts welcomed a rise in EBITDA and a 17% surge in sales.
Ocado’s critical second customer fulfilment centre opened on time and on budget and the grocer made its first play in a specialist non-food market by launching a standalone pets site, Fetch.
The feisty Steiner held his own admirably when grilled by journalist Declan Curry at Retail Week Live in March. As usual he was pressed about Ocado’s bottom line, but the self-assured Steiner would not be rattled.
As the years go by Steiner seems to be slowly but surely proving the doubters wrong.
The deal with Morrisons, struck last year, was a game changer for Ocado. The online grocer became a technology provider and the partnership will be the first of many if Steiner gets his way.
From a trading perspective, Ocado has had a good year. While pre-tax losses widened, bringing to the fore yet again Ocado’s problems in making money at that level, analysts welcomed a rise in EBITDA and a 17% surge in sales.
Ocado’s critical second customer fulfilment centre opened on time and on budget and the grocer made its first play in a specialist non-food market by launching a standalone pets site, Fetch.
The feisty Steiner held his own admirably when grilled by journalist Declan Curry at Retail Week Live in March. As usual he was pressed about Ocado’s bottom line, but the self-assured Steiner would not be rattled.
As the years go by Steiner seems to be slowly but surely proving the doubters wrong.
16
Sebastian James
group chief executive
- Dixons Retail
- Dixons Retail
2013 RANK: 23
Dixons’ charismatic, ebullient and engaging boss has had a busy year, which has strengthened the Currys and PC World-owner’s appeal as it continues its reinvention.
Seb James’s biggest coup was playing a key role in the proposed £3.7bn deal to merge Dixons with Carphone Warehouse. The “merger of equals” will see the combined retailer, Dixons Carphone, continue to sell the traditional products of each brand but focus on capturing demand for mobile connectivity with electrical products in the home – the internet of things.
Subject to shareholder and anti-trust approval, after the deal is finalised James is poised to become chief executive of Dixons Carphone. Elsewhere, James had created a sense of purpose and a differentiated, multichannel proposition for the core Dixons UK and Ireland business. He is anxious to push on further and take advantage of a wealth of opportunities created by the rise of new technology.
He is able to fully focus his attention on that potential having streamlined the Dixons business. Over the last year Dixons has disposed of its loss-making pure-play business, Pixmania, and the Turkish Electroworld operation. The retailer can now concentrate on its most important businesses in markets where it holds the number one or two position.
Seb James’s biggest coup was playing a key role in the proposed £3.7bn deal to merge Dixons with Carphone Warehouse. The “merger of equals” will see the combined retailer, Dixons Carphone, continue to sell the traditional products of each brand but focus on capturing demand for mobile connectivity with electrical products in the home – the internet of things.
Subject to shareholder and anti-trust approval, after the deal is finalised James is poised to become chief executive of Dixons Carphone. Elsewhere, James had created a sense of purpose and a differentiated, multichannel proposition for the core Dixons UK and Ireland business. He is anxious to push on further and take advantage of a wealth of opportunities created by the rise of new technology.
He is able to fully focus his attention on that potential having streamlined the Dixons business. Over the last year Dixons has disposed of its loss-making pure-play business, Pixmania, and the Turkish Electroworld operation. The retailer can now concentrate on its most important businesses in markets where it holds the number one or two position.
17
Marc Bolland
chief executive - Marks & Spencer
2013 RANK: 16
As Marc Bolland continues to direct what he describes as M&S’s ‘journey’ to becoming an international, multichannel retailer, there are tentative signs he might be able to breathe a little easier.
Perhaps that’s partly because he is less the focus of criticism – the drama that has engulfed the grocery sector has catapulted leaders such as Philip Clarke and Dalton Philips into the reputational spotlight as they battle to cope with changed conditions.
But in M&S’s core domestic market, Bolland can take some heart that green shoots are appearing in the under-pressure and crucial general merchandise division.
The retailer broke with tradition at Christmas to break down the trading period, and over key weeks it posted a rise in general merchandise like-for-likes.
The relaunch of M&S’s website on a new platform and ambitious international expansion plans, assuming continued improvement in the UK, could push Bolland back up the power league in future.
Perhaps that’s partly because he is less the focus of criticism – the drama that has engulfed the grocery sector has catapulted leaders such as Philip Clarke and Dalton Philips into the reputational spotlight as they battle to cope with changed conditions.
But in M&S’s core domestic market, Bolland can take some heart that green shoots are appearing in the under-pressure and crucial general merchandise division.
The retailer broke with tradition at Christmas to break down the trading period, and over key weeks it posted a rise in general merchandise like-for-likes.
The relaunch of M&S’s website on a new platform and ambitious international expansion plans, assuming continued improvement in the UK, could push Bolland back up the power league in future.
18
Ronny Gottschlich
managing director - Lidl UK
New Entry
Lidl’s UK boss, Ronny Gottschlich, must be feeling proud of the discount business that has shaken up the big four supermarkets.
Gottschlich used to sell fruit in his garden as a child to passers-by and ironically, given he now runs a grocer, there were times when he was unable to get hold of oranges.
Along with its discount food rival Aldi, Lidl has managed to trigger a refreshed price war among the big four. As Morrisons and Tesco struggle and growth slows at Sainsbury’s and Asda, Lidl continues to grow market share, upping it from 3% to 3.5% of the market in the last quarter alone. Such a profound effect on the grocers, which have been forced to cut prices, shows how powerful the retailer’s 600 UK stores are and it plans to double that number in the next three years.
In December Lidl revealed it will boost store investment from £220m this year to £300m next year.
Gottschlich used to sell fruit in his garden as a child to passers-by and ironically, given he now runs a grocer, there were times when he was unable to get hold of oranges.
Along with its discount food rival Aldi, Lidl has managed to trigger a refreshed price war among the big four. As Morrisons and Tesco struggle and growth slows at Sainsbury’s and Asda, Lidl continues to grow market share, upping it from 3% to 3.5% of the market in the last quarter alone. Such a profound effect on the grocers, which have been forced to cut prices, shows how powerful the retailer’s 600 UK stores are and it plans to double that number in the next three years.
In December Lidl revealed it will boost store investment from £220m this year to £300m next year.
19
Richard Pennycook
interim chief executive
- The Co-operative group
- The Co-operative group
2013 RANK: 31
In June 2013, the Co-operative pulled off a coup by nabbing the well-regarded outgoing Morrisons finance boss Richard Pennycook. Few would have guessed that less than a year later, Pennycook would be leading the Co-op.
But in March, that’s exactly what happened after Euan Sutherland abruptly left the business. As interim chief executive, Pennycook now faces the arduous task of trying to steady one of Britain’s oldest and best known brands through the most difficult period in its history, and has done a good job so far – facing up to the group’s problems and being honest about what needs to happen.
But in March, that’s exactly what happened after Euan Sutherland abruptly left the business. As interim chief executive, Pennycook now faces the arduous task of trying to steady one of Britain’s oldest and best known brands through the most difficult period in its history, and has done a good job so far – facing up to the group’s problems and being honest about what needs to happen.
20
Malcolm Walker
founder and chairman - Iceland
2013 RANK: 17
As well as steering Iceland, which has become one of the high street’s more reliable performers throughout the downturn, Malcolm Walker has continued to be one of retail’s most high profile and influential leaders this year.
The BBC mini-series that was aired in December, Iceland Foods: Life in the Freezer Cabinet, helped to cement Iceland’s place in the heart of British retail, and strengthened its image as one of the best places to work in the UK retail industry.
Iceland has quietly got on with the business of retailing and Walker has gone on record to say the business won’t be partaking in the current price war.
The BBC mini-series that was aired in December, Iceland Foods: Life in the Freezer Cabinet, helped to cement Iceland’s place in the heart of British retail, and strengthened its image as one of the best places to work in the UK retail industry.
Iceland has quietly got on with the business of retailing and Walker has gone on record to say the business won’t be partaking in the current price war.
21
Chris Bush
UK managing director - Tesco
2013 RANK: 20
As boss of Tesco’s UK business, Chris Bush is tackling one of the greatest challenges in UK retail – turning around the grocer’s domestic arm.
The Tesco lifer, who has spent chunks of his career in the grocer’s Asian businesses, was brought back to the UK to enact the ‘Building a Better Tesco’ plan.
Bush has had some success – for example, in the last financial year Tesco completed around 300 store refreshes, which typically led to a 3-5% sales uplift.
But the turnaround comes amid a backdrop where the major grocers are losing sales to the hard discounters Aldi and Lidl.
The Tesco lifer, who has spent chunks of his career in the grocer’s Asian businesses, was brought back to the UK to enact the ‘Building a Better Tesco’ plan.
Bush has had some success – for example, in the last financial year Tesco completed around 300 store refreshes, which typically led to a 3-5% sales uplift.
But the turnaround comes amid a backdrop where the major grocers are losing sales to the hard discounters Aldi and Lidl.
22
John Walden
chief executive - Home Retail Group
2013 RANK: 39
John Walden, an unknown in UK retail when he was parachuted in to revive an ailing Argos, has made a big impact. So big that this year he was promoted to lead Argos parent Home Retail Group, which also owns Homebase.
Walden won acclaim for his strategy to reposition Argos for the digital era, including the piloting of new-model stores, less reliance on the traditional paper catalogue, range enhancements and improved apps.
Argos already looks stronger than it has done for several years.
Walden is also chair of the Digital High Streets Advisory Board, which will feed its views to the Government.
Walden won acclaim for his strategy to reposition Argos for the digital era, including the piloting of new-model stores, less reliance on the traditional paper catalogue, range enhancements and improved apps.
Argos already looks stronger than it has done for several years.
Walden is also chair of the Digital High Streets Advisory Board, which will feed its views to the Government.
23
Chris North
managing director - Amazon UK
2013 RANK: 30
Chris North has risen up the Power List as Amazon continues to dominate the UK online retail market under his stewardship.
North continues to build the etail giant’s UK proposition both by growing its offer, such as its dress shop, and improving its convenience with its Sunday delivery.
North also signed off on a new London office for the Slough-based firm to help it grab some of the top retail and technological talent in the capital.
Several hundred staff had transferred to the modernist 12-storey 60 Holborn Viaduct site opposite Smithfield Market in the City of London by the end of 2013.
North also signed off on a new London office for the Slough-based firm to help it grab some of the top retail and technological talent in the capital.
Several hundred staff had transferred to the modernist 12-storey 60 Holborn Viaduct site opposite Smithfield Market in the City of London by the end of 2013.
24
Theo Paphitis
owner - Ryman, Robert Dyas
and Boux Avenue
and Boux Avenue
2013 RANK: 26
The former Dragons’ Den star may no longer be on the TV each week, but his influence over the retail sector hasn’t waned. Instead, he has concentrated on growing his three businesses.
And it seems to be working. In the first year under Theo Paphitis, Robert Dyas’s operating profits leapt from £1.1m to £4.9m after he bought it in 2012. Last year Boux Avenue sales increased to £18.2m from £6.9m and Ryman sales jumped 0.8% to £125.4m. But the outspoken figure still has his views on wider issues, believing the Government should lift the burden of business rates and help retailers pay a living wage.
And it seems to be working. In the first year under Theo Paphitis, Robert Dyas’s operating profits leapt from £1.1m to £4.9m after he bought it in 2012. Last year Boux Avenue sales increased to £18.2m from £6.9m and Ryman sales jumped 0.8% to £125.4m. But the outspoken figure still has his views on wider issues, believing the Government should lift the burden of business rates and help retailers pay a living wage.
25
Stefano Pessina
executive chairman
- Alliance Boots
- Alliance Boots
2013 RANK: 9
Following the ground-breaking deal with US drug store chain Walgreens in 2012, which earned him his top 10 ranking in the Power List last year, Stefano Pessina has had his work cut out to ensure the two companies are ready to merge fully next year.
The Boots brand has grown in the US, making its mark in New York, Chicago, Hollywood and Phoenix in Walgreens stores. The deal cemented Pessina’s position in the industry but has not slowed him down; he has also acquired two pharmacy retail chains in Latin America as he pushes the retailer to become a truly global business. Pessina’s energy for business is inspiring.
The Boots brand has grown in the US, making its mark in New York, Chicago, Hollywood and Phoenix in Walgreens stores. The deal cemented Pessina’s position in the industry but has not slowed him down; he has also acquired two pharmacy retail chains in Latin America as he pushes the retailer to become a truly global business. Pessina’s energy for business is inspiring.
26
Simon Arora
co-managing director
- B&M Bargains
- B&M Bargains
2013 RANK: 29
Simon Arora has been in a whirlwind since B&M Bargains, which he co-owns with his brothers, was bought by US private equity house Clayton Dubilier & Rice in 2012. The deal has put B&M on the map, and with a strong balance sheet it has now floated with a price tag of £2.7bn. The retailer made its first move outside of the UK, with a bold move to acquire German discount chain JA Woll Handels earlier this year. It is an exciting time for the modest yet business-savvy Arora but no doubt he will get used to the spotlight as B&M grows further.
27
Robin Terrell
multichannel director
- Tesco
- Tesco
2013 RANK: 36
Robin Terrell has been with the grocer for just over a year and is charged with turning Tesco into a global multichannel leader.
A tall order, but if anyone can do it Terrell can. The former boss of Amazon’s UK business, Terrell is one of the most highly regarded people in the digital landscape and has great experience under his belt, including building department store House of Fraser’s online operation.
The rugby and fast cars fan has a lot on his plate this year. Earlier this month he was also appointed to the UK leadership team and been given extra responsibilities including connected devices, Blinkbox and telecoms.
A tall order, but if anyone can do it Terrell can. The former boss of Amazon’s UK business, Terrell is one of the most highly regarded people in the digital landscape and has great experience under his belt, including building department store House of Fraser’s online operation.
The rugby and fast cars fan has a lot on his plate this year. Earlier this month he was also appointed to the UK leadership team and been given extra responsibilities including connected devices, Blinkbox and telecoms.
28
Dalton Phillips
chief executive - Morrisons
2013 RANK: 18
Morrisons chief executive Dalton Philips has tumbled down this year’s Power List due to the catastrophic year the Bradford-based grocer has had.
The Irishman reported huge losses earlier this year and unveiled a major restructuring of the business. Philips had been saying for some time that Morrisons was lagging because it was late to the party in the two areas – convenience and online – but then admitted that it had also lost out to the discounters.
His fight-back plan was to launch a huge price-cutting campaign across 12,000 products. This has yet to filter through to its sales though and Philips is not out of the water yet.
The Irishman reported huge losses earlier this year and unveiled a major restructuring of the business. Philips had been saying for some time that Morrisons was lagging because it was late to the party in the two areas – convenience and online – but then admitted that it had also lost out to the discounters.
His fight-back plan was to launch a huge price-cutting campaign across 12,000 products. This has yet to filter through to its sales though and Philips is not out of the water yet.
29
Simon Roberts and Ken Murphy
managing directors - Boots Health
and Beauty UK and
Boots International
and Beauty UK and
Boots International
New Entry
Simon Roberts and Ken Murphy are new entries to the Power List after both succeeded former UK chief executive of health and beauty Alex Gourlay, who left to take a role at partner Walgreens, to share Alliance Boots’ health and beauty remit.
The experienced pair have been with the group for a long time and have been working alongside executive chairman Stefano Pessina as the business ramps up ahead of the full merger with US drugstore Walgreens next year. Roberts’ profile was also given a boost after he was appointed co-chair of the Government’s Future High Streets Forum, which aims to boost high streets.
The experienced pair have been with the group for a long time and have been working alongside executive chairman Stefano Pessina as the business ramps up ahead of the full merger with US drugstore Walgreens next year. Roberts’ profile was also given a boost after he was appointed co-chair of the Government’s Future High Streets Forum, which aims to boost high streets.
30
John Roberts
founder - Ao.com
New Entry
White goods magnate John Roberts jumps straight into the Power List after spearheading one of the most lucrative, and talked about, retail floats this year.
Roberts’ electricals etailer Ao.com floated with a valuation of £1.2bn as investors vied to snap up stakes in the fast growing online business.
Roberts, dubbed the ‘Kitchen King’, famously started Ao.com, previously known as Appliances Online, as a £1 bet but has grown it to a business which turns over £400m.
Through putting the service at the heart of its proposition, Roberts has built a business that trades on customer loyalty and word of mouth.
Roberts’ electricals etailer Ao.com floated with a valuation of £1.2bn as investors vied to snap up stakes in the fast growing online business.
Roberts, dubbed the ‘Kitchen King’, famously started Ao.com, previously known as Appliances Online, as a £1 bet but has grown it to a business which turns over £400m.
Through putting the service at the heart of its proposition, Roberts has built a business that trades on customer loyalty and word of mouth.
31
Kevin O’Byrne
chief executive - B&Q and Koçtas
2013 RANK: 35
It’s been a big year for Kevin O’Byrne. The former finance director turned chief executive assumed direct responsibility of B&Q in the UK and Ireland in October, and is charged with speeding up B&Q’s transformation into an omnichannel retailer. He also has the job of downsizing the UK estate, and his experience gained as senior independent director at developer Land Securities should help, as will his new commercial director, former Matalan boss Darren Blackhurst, who joined in January.
Also on the to-do list will be restoring meaningful growth after a fairly flat year. His other big task will be to secure a partner for its China business.
Also on the to-do list will be restoring meaningful growth after a fairly flat year. His other big task will be to secure a partner for its China business.
32
Peter Cowgill
executive chairman
- JD Sports Fashion
- JD Sports Fashion
2013 RANK: 25
JD boss Peter Cowgill took full responsibility for the business after chief executive Barry Bown exited this year. However, Cowgill has always had a firm hand on the tiller at the business and is the driving force of its success.
This year group pre-tax profits rose by more than a quarter to £77m as its core JD fascia continues to thrive. But perhaps the most promising news is that the outdoor business he created after acquiring Blacks and Millets in 2012 broke even in the second half of its 2013 year.
Cowgill took majority stakes in two other outdoor retailers, Tiso and ActivInstinct, as JD vies to dominate the market.
But he’s not ignoring his biggest business JD – the retailer has launched in the Netherlands and Germany over the past year.
This year group pre-tax profits rose by more than a quarter to £77m as its core JD fascia continues to thrive. But perhaps the most promising news is that the outdoor business he created after acquiring Blacks and Millets in 2012 broke even in the second half of its 2013 year.
Cowgill took majority stakes in two other outdoor retailers, Tiso and ActivInstinct, as JD vies to dominate the market.
But he’s not ignoring his biggest business JD – the retailer has launched in the Netherlands and Germany over the past year.
33
Angela Spindler
chief executive - N Brown
2013 RANK: 44
One of the few women in the Power List, Angela Spindler has moved up the rankings 12 spaces after moving from value department store chain The Original Factory Shop to head up online fashion group N Brown. She has told the City that N Brown expects to achieve a double-digit rate of sales growth by 2016.
34
Matt Davies
chief executive - Halfords
2013 RANK: 37
Matt Davies seems to be working the magic on Halfords that he once did at Pets at Home when he was the boss there. Since starting at Halfords in 2012, Davies has been working on his strategy to turn it into a £1bn business by 2016. He has unveiled a new store format, which is being rolled out across parts of the store estate.
35
Jim McCarthy
chief executive - Poundland
2013 RANK: 69
Jim McCarthy has been one of the biggest movers in the list after he successfully floated Poundland on the London Stock Exchange in March. In May Poundland revealed sales just shy of £1bn for its year to March 30 driven by store openings. He plans to double Poundland’s estate to 1,000 shops in the UK and Ireland.
36
Anders Kristiansen
chief executive - New Look
New Entry
Anders Kristiansen has helped stabilise the New Look business and bring it back into profit in his year-and-a-half in the hot seat. The charismatic Dane previously managed Bestseller’s Chinese business and is aiming to make the fashion retailer a truly global player.
37
George Osborne
chancellor of the exchequer
2013 RANK: 32
The UK economy has improved over the past year and, as a consequence, George Osborne falls slightly this year. Retailers are no longer hanging on his every word as things pick up, but we’re not quite out of the woods yet and he remains a prominent figure.
The recovery has been a fairly faltering one and it needs careful management from the Government if it is to continue, and swift action if things do fall over again.
He continues to preside over issues that are important to retailers, from business rates to tax at least partly within his control. Retailers will be hoping he keeps an eye on unemployment and inflation, and his management of the economy will continue to be under careful scrutiny.
The recovery has been a fairly faltering one and it needs careful management from the Government if it is to continue, and swift action if things do fall over again.
He continues to preside over issues that are important to retailers, from business rates to tax at least partly within his control. Retailers will be hoping he keeps an eye on unemployment and inflation, and his management of the economy will continue to be under careful scrutiny.
38
Sir Charles Dunstone
Founder and chairman
- Carphone Warehouse
- Carphone Warehouse
2013 RANK: 63
Sir Charles Dunstone transformed the market when he founded Carphone Warehouse in 1989.
He hoped to provoke a similar scale of change in the wider technology market when he teamed up with US giant Best Buy to take on UK players such as Dixons, but that hope was dashed.
But he may yet fulfil that latter ambition following the proposed merger with Dixons, which when finalised, will enable each retailer to take advantage of the complementary strengths of the other.
The newly merged company, Dixons Carphone, has the potential to change the high street –and as chairman, Dunstone has an interesting job on his hands.
He hoped to provoke a similar scale of change in the wider technology market when he teamed up with US giant Best Buy to take on UK players such as Dixons, but that hope was dashed.
But he may yet fulfil that latter ambition following the proposed merger with Dixons, which when finalised, will enable each retailer to take advantage of the complementary strengths of the other.
The newly merged company, Dixons Carphone, has the potential to change the high street –and as chairman, Dunstone has an interesting job on his hands.
39
Michael Sharp
chief executive - Debenhams
2013 RANK: 33
It hasn’t been a vintage year for Michael Sharp. After a flawless performance in his first year, the Debenhams lifer has encountered stormy waters ever since.
He has been forced to revise Debenhams’ famous Sale strategy after margins were hit over a highly promotional Christmas. Sharp is also upping its investment in multichannel as its uncompetitive delivery proposition meant that shoppers searching for convenience over Christmas went elsewhere.
Sharp has identified where Debenhams has gone wrong and has a clear plan on how to fix it – hopefully the waters will be steadier next year for the department store.
He has been forced to revise Debenhams’ famous Sale strategy after margins were hit over a highly promotional Christmas. Sharp is also upping its investment in multichannel as its uncompetitive delivery proposition meant that shoppers searching for convenience over Christmas went elsewhere.
Sharp has identified where Debenhams has gone wrong and has a clear plan on how to fix it – hopefully the waters will be steadier next year for the department store.
40
Nick Wood
chief executive - Pets at Home
2013 RANK: 59
Nick Wood has been pushed into the spotlight after successfully floating Pets at Home on the stock market in March. The friendly retail boss has climbed 19 places up the rankings following the much-anticipated initial public offering, after the retailer was hailed for its strong balance sheet, generating 11.1% EBITDA growth to £87m in the 40 weeks to January 2.
Wood has created a great working culture at the company, encouraging staff to buy shares in the business in order to benefit from its successes. Next, he intends to drive growth through its grooming and veterinary services, as well as new stores.
Wood has created a great working culture at the company, encouraging staff to buy shares in the business in order to benefit from its successes. Next, he intends to drive growth through its grooming and veterinary services, as well as new stores.
41
Alex Baldock
chief executive - Shop Direct
2013 RANK: 57
Littlewoods owner Shop Direct turned a profit for the first time in a decade last year and it was former banker Alex Baldock that helped it achieve that important milestone.
The Shop Direct business has had a renewed rigour since he joined in late 2012. Baldock wants the business to become a “world class digital retailer” and it has established itself as an innovator in ecommerce.
It is pioneering the use of new technologies and is planning to give its millions of customers a tailored experience on its sites. And this is positively impacting its bottom line. Shop Direct is set to report pre-tax profits of £50m in its current year.
The Shop Direct business has had a renewed rigour since he joined in late 2012. Baldock wants the business to become a “world class digital retailer” and it has established itself as an innovator in ecommerce.
It is pioneering the use of new technologies and is planning to give its millions of customers a tailored experience on its sites. And this is positively impacting its bottom line. Shop Direct is set to report pre-tax profits of £50m in its current year.
42
Katie Bickerstaffe
chief executive -
UK & Ireland,
Dixons Retail
UK & Ireland,
Dixons Retail
2013 RANK: 48
Dixons’ UK and Ireland boss Katie Bickerstaffe keeps a relatively low personal profile but her impact is clear in the continued growth of the retailer’s core business.
Most recently she has overseen the launch of a new kitchen department, featuring range extensions such as cookware at the Currys/PC World store in Thurrock. On early performance, it is likely to be rolled out.
It is indicative of Bickerstaffe’s determination to build new, scalable and complementary propositions into the business, enabling it to be more differentiated.
And in the merged Dixons Carphone business, Bickerstaffe will become executive director.
Most recently she has overseen the launch of a new kitchen department, featuring range extensions such as cookware at the Currys/PC World store in Thurrock. On early performance, it is likely to be rolled out.
It is indicative of Bickerstaffe’s determination to build new, scalable and complementary propositions into the business, enabling it to be more differentiated.
And in the merged Dixons Carphone business, Bickerstaffe will become executive director.
43
Mike Shearwood
chief executive - Karen Millen
2013 RANK: 45
Mike Shearwood has reinvigorated Karen Millen since he moved from now-demerged former parent company Aurora Fashion to head up the premium retailer.
He kick-started a rebrand of Karen Millen, which is now positioned as an “affordable luxury” fashion house. A new logo, slick David Bailey-shot fashion campaign and two flagship stores, one sandwiched between Harvey Nichols and Harrods in Knightsbridge, one on Fifth Avenue, New York, ensued.
Shoppers are now looking differently at the Karen Millen brand. Under his leadership, the reinvigorated Karen Millen team seem committed to his mission of democratising luxury fashion.
He kick-started a rebrand of Karen Millen, which is now positioned as an “affordable luxury” fashion house. A new logo, slick David Bailey-shot fashion campaign and two flagship stores, one sandwiched between Harvey Nichols and Harrods in Knightsbridge, one on Fifth Avenue, New York, ensued.
Shoppers are now looking differently at the Karen Millen brand. Under his leadership, the reinvigorated Karen Millen team seem committed to his mission of democratising luxury fashion.
44
Ian Grabiner
chief executive - Arcadia
2013 RANK: 41
Arcadia’s Ian Grabiner is Sir Philip Green’s right-hand-man and is crucial in ensuring the fashion group’s continued success.
It has been an interesting year for Arcadia –supermodel Kate Moss has returned to refresh Topshop’s offer, launching a new collection for the retailer in April; and the group has been driving international growth. It also staged a virtual reality front row experience for customers at its flagship Topshop store on Oxford Street.
Grabiner aims to introduce its brands to India and continues with plans to open a flagship store on Fifth Avenue, New York later this year.
Grabiner aims to introduce its brands to India and continues with plans to open a flagship store on Fifth Avenue, New York later this year.
45
Carlos Duarte
country manager UK
and Ireland - H&M
and Ireland - H&M
2013 RANK: 47
With high street domination on his agenda this year, H&M UK boss Carlos Duarte added a raft of new UK stores to the H&M portfolio, taking the total to some 250, on sales of around £800m for the year to end of November.
The UK is now the retailer’s fourth largest market, with Duarte helping spearhead the launch of new retail brand & Other Stories in spring last year.
Celebrating 20 years at the fast-fashion giant this year, Duarte is a strong advocate of sustainability, helping to secure ethical sourcing at the heart of H&M’s business.
The UK is now the retailer’s fourth largest market, with Duarte helping spearhead the launch of new retail brand & Other Stories in spring last year.
Celebrating 20 years at the fast-fashion giant this year, Duarte is a strong advocate of sustainability, helping to secure ethical sourcing at the heart of H&M’s business.
46
Kate Bostock
chief executive - Coast
2013 RANK: 40
Kate Bostock has taken up her first chief executive role at womenswear retailer Coast.
Her position, down six places from last year’s 40, reflects her move to a smaller company.
After her ill-fated stint at Asos, Bostock has hit the ground running in her new role at Coast, where she is spearheading its turnaround. Her years dressing the women of the nation from her time at Marks & Spencer, where she was executive director, general merchandise, and at Next and George at Asda, should stand her in good stead.
She has lowered prices, cost engineered the product and is vying to make Coast a mainstream retailer, rather than one that just caters for special occasions.
Her position, down six places from last year’s 40, reflects her move to a smaller company.
After her ill-fated stint at Asos, Bostock has hit the ground running in her new role at Coast, where she is spearheading its turnaround. Her years dressing the women of the nation from her time at Marks & Spencer, where she was executive director, general merchandise, and at Next and George at Asda, should stand her in good stead.
She has lowered prices, cost engineered the product and is vying to make Coast a mainstream retailer, rather than one that just caters for special occasions.
47
John King
chief executive - House of Fraser
2013 RANK: 56
John King managed to seal the department store’s long sought-after sale this year and position it for future growth. His decision to invest heavily in a sophisticated multichannel operation helped the retailer catch Sanpower’s eye and the £480m sale to the Chinese conglomerate seems a great one, as Sanpower is eager to invest in the retailer and take it overseas.
48
Sir Stuart Rose
chairman - Ocado and Fat Face
2013 RANK: 51
Sir Stuart Rose continues to have his fingers in lots of pies, with his main gig being his chairmanship of Ocado. Since his time there began last January the food retailer pulled off the Morrisons deal – a big coup for the etailer in terms of monetising its platform. He has had some difficulty at Fat Face though as the fashion retailer was forced to abandon its planned float blaming market conditions.
49
Lorenzo Marcheselli
managing director - Inditex UK
2013 RANK: 46
There are signs that global growth at Inditex might be flagging, but the juggernaut continues to expand. While most of the action is in fast growth countries such as China, Lorenzo Marcheselli has overseen refurbishment of key Zara flagships and the rollout of Pull & Bear and Berksha.
50
Michael Ward
managing director - Harrods
2013 RANK: 49
Michael Ward and Harrods have continued in their quest to appeal to the wealthy tourist this year, opening a store at Gatwick’s south terminal designed to appeal to aspirational travellers, as well as a new distribution centre. This year the department store has started to work on developing its online and multichannel offer.
51
Julian Dunkerton
chief executive - SuperGroup
2013 RANK: 52
Julian Dunkerton’s Superdry continues to be one of the UK’s most popular clothing brands for teenagers and young adults. While last Christmas much of the high street resorted to previously unseen levels of promotions, the boss of SuperGroup focused on full-price sales. The decision clearly paid off as sales increased over Christmas.
52
John Dixon
executive director, general
merchandise - Marks & Spencer
merchandise - Marks & Spencer
2013 RANK: 53
John Dixon is responsible for improving the retailer’s crucial clothing sales and it looks like his expertise is starting to pay off. M&S’s clothing division reported its best performance in three years in the fourth quarter, with clothing sales up 0.6% like for like and 1.3% in total in the period to March 29.
53
John Browett
chief executive
- Monsoon Accessorize
- Monsoon Accessorize
Re-entry
Monsoon Accessorize has moved into the black since the appointment of John Browett in March last year. The former boss of Dixons has scrapped the standalone store model for Monsoon in favour of merging Monsoon and Accessorize stores, bolstered its multichannel offer and revamped overseas stores.
54
Paul McGowan
chief executive - Hilco and
chairman - HMV
chairman - HMV
2013 RANK: 62
Paul McGowan’s profile has taken a leap since he became chairman of HMV. His restructuring firm snapped up the embattled retailer in April last year after it fell into administration. McGowan is attempting to bring HMV into the digital era with a new flagship opening at 363 Oxford Street.
55
Laura Wade-Gery
executive director of
multichannel - Marks & Spencer
multichannel - Marks & Spencer
New Entry
Laura Wade-Gery has had a busy year. In February M&S finally moved off Amazon’s platform and relaunched its long-awaited site. Next, Wade-Gery said in May that there are big ambitions afoot for the retailer, with plans for the online business to be at least as profitable as its store divisions within three years.
56
Ray Kelvin
founder and chief executive
- Ted Baker
- Ted Baker
2013 RANK: 65
If there were ever an award for the most unique leader in retail, Ray Kelvin would probably win hands down. He shuns the spotlight and never lets his face be photographed in full, and has even been known to sing on media calls. Kelvin was awarded a CBE from the Queen for services to the fashion industry in 2011.
57
Gillian Drakeford
country manager
- UK and Ireland, Ikea
- UK and Ireland, Ikea
New Entry
Gillian Drakeford was appointed Ikea’s country manager for UK and Ireland last summer, having previously headed up the furniture giant in China. During her 10 years there she oversaw the opening of the retailer’s flagship store in Beijing. Drakeford has outlined ambitious plans to boost Ikea’s market share from about 6% to 12% by 2020.
58
Steve Rowe
executive director of food
- Marks & Spencer
- Marks & Spencer
2013 RANK: 81
Under food supremo Steve Rowe, M&S’s food business continues to go from strength to strength. The category enjoyed its 18th consecutive quarter of growth in the 13 weeks to March 29. In April, it emerged that Rowe will be in charge of delivering around 20 standalone Food stores in Paris over the next three years.
59
Ian Filby
chief executive - Dfs
2013 RANK: 75
Against the backdrop of a challenging climate for many furniture retailers, Ian Filby ensures DFS remains one of the UK’s most successful companies in its sector. Since taking the helm, Filby has bolstered its store portfolio, and in the past year the private equity-owned company reported a 7.4% rise in sales to £670.8m in the year to July 2013.
60
Steve Clarke
chief executive - WHSmith
2013 RANK: 76
Steve Clarke took over from Kate Swann as chief executive of WHSmith a year ago. He has maintained her strategy of cutting costs and building profits, and continued trialling new formats and initiating partnerships, such as one with Marks & Spencer to roll out stores in hospitals. He is also making headway with the retailer’s international plans.
61
Nick Wharton
chief executive - Dunelm
2013 RANK: 74
Nick Wharton, the first chief executive of Dunelm not to come from the Adderley family, is showing rivals how it’s done. The retailer is ploughing money into multichannel, customer service, and the roll-out of its Dunelm at Home proposition. Wharton’s strategy is paying off. The most recent quarter showed sales up 9.9% to £195.4m.
62
Jacqueline Gold
chief executive - Ann Summers
2013 RANK: 66
Jacqueline Gold is one of Britain’s most successful businesswomen, having taken the helm at Ann Summers in 1987 and transforming it into a business that turns over about £115m a year. The retailer, still feeling the upswing from world-dominating book Fifty Shades of Grey, has laid down plans to move into new markets.
63
Paul Daccus
managing director
- Sun European Partners
- Sun European Partners
2013 RANK: 67
Paul Daccus is a key mover and shaker in the world of private equity. He controls a healthy raft of retailers, and his big success this year was the flotation of Bonmarché at the end of 2013. It was an amazing result for a retailer which had only been bought out of administration in January 2012.
64
Paul Kelly
managing director - Selfridges
2013 RANK: 70
In the past year, Paul Kelly has ensured the premium department store group continues to push the envelope through in-store innovations such as its Fragrance Lab concept and opening the UK’s largest indoor skate park this year. He is also preparing for a £300m investment to enhance the Oxford Street store, including a best-in-class accessories department and further space for contemporary brands.
The second series of TV show Mr Selfridge also put Selfridges on the stage once again.
The second series of TV show Mr Selfridge also put Selfridges on the stage once again.
65
Andrew Moore
chief merchandising
officer - Asda
officer - Asda
2013 RANK: 68
Andrew Moore has moved up the ranks at Asda and into his current role. The design enthusiast has a strong reputation as an efficient operator, demonstrated in his initiative to cut lead times at George at Asda by acquiring the supply division of the Turkish clothing supplier GAAT.
This year Moore will be responsible for establishing a strong homewares department as Asda extends its George clothing brand into the category.
This year Moore will be responsible for establishing a strong homewares department as Asda extends its George clothing brand into the category.
66
Catriona Marshall
chief executive - Hobbycraft
2013 RANK: 72
Catriona Marshall was singled out as a future leader two years ago when she took home the Emerging Retail Leader of the Year Award at the Oracle Retail Week Awards, and her relentless drive to make HobbyCraft into a bigger retail player is clear for all to see.
Marshall has bolstered the craft specialist’s investment in improving its ecommerce offer, developed its stores and opened a new distribution centre.
Marshall has bolstered the craft specialist’s investment in improving its ecommerce offer, developed its stores and opened a new distribution centre.
67
Darren Shapland
senior independent director
- Poundland and non-executive
director - Fat Face
- Poundland and non-executive
director - Fat Face
2013 RANK: 58
In October Darren Shapland stepped down as chief executive of Carpetright after murmurings that he felt he didn’t have enough autonomy in his role. The finance supremo wasted no time in returning to the retail scene, joining the board of Poundland ahead of its initial public offering.
68
Richard Baker
executive chairman - Dfs and
operating partner - Advent
operating partner - Advent
2013 RANK: 80
Richard Baker, former group chief executive of Alliance Boots, helped transform the healthcare and beauty retailer into its dominant position today. Today, at DFS, he brings his strategic thinking to the furniture retailer to help grow the business, which is looking strong in a sector affected by the housing slump.
69
Stacey Cartwright
chief executive - Harvey Nichols
New Entry
Stacey Cartwright spent nine years as chief financial officer and executive vice-president at luxury brand Burberry and her appointment was seen as a coup. Cartwright helped transformed Burberry into one of the UK’s most successful fashion houses, and she is expected to up Harvey Nichols’s focus on international.
70
Paul Loft
managing director - Homebase
2013 RANK: 77
During his decade at Homebase, Paul Loft has been on a roller coaster ride at the Home Retail-owned business, as profits rose and fell during his tenure. However, Homebase is currently on a high, having just reported a 71% rise in benchmark operating profit to £18.9m for the year to March 1, while like-for-like sales rose 5.9%.
71
Andrew Harrison
chief executive
- Carphone Warehouse
- Carphone Warehouse
New Entry
After close to two decades working for Carphone Warehouse, during which he helped launch the retailer in the US, Andrew Harrison no doubt relished the moment he became chief of the mobile phones retailer in July last year. He was also instrumental in the proposed deal to merge Carphone with Dixons. On completion, he will become deputy chief executive of the enlarged retailer.
72
Simon King
managing director - Wickes
2013 RANK: 78
Simon King swapped food for tools when he joined Wickes following a long track record at Tesco, but he has risen to the challenge. He recently hired former Tesco Clubcard marketing director Ian Crooks to Wickes. The retailer has launched a new web platform with better functionality.
73
Tony DeNunzio
non-executive chairman -
Pets at Home and
non-executive director
- Alliance Boots
Pets at Home and
non-executive director
- Alliance Boots
2013 RANK: 86
Tony DeNunzio dishes out his fountain of knowledge across a variety of company boards. He has an enviable CV– his roles have included deputy chairman of MFI Retail and director positions at PepsiCo and L’Oréal. He is also executive chairman of Dutch retail group Maxeda.
74
Stephen Sunnucks
global president - Gap
2013 RANK: 73
During a retail career spanning 35 years, Stephen Sunnucks has held leadership roles at many high street retailers including Marks & Spencer, Sainsbury’s, New Look and Burton Group. At Gap, Sunnucks is responsible for building the fashion giant’s presence through multiple channels and across the world.
75
Matthew Moulding
founder and chief executive
- The Hut
- The Hut
2013 RANK: 82
Matthew Moulding made a risky decision when he set up The Hut in 2003. He had zero experience in online or entertainment but still had enough faith in his etail idea to remortgage his house. His gamble paid off, and The Hut is now a leading etailer.
76
Belinda Earl
style director - Marks &Spencer
2013 RANK: 85
Almost two years after Belinda Earl was parachuted into Marks & Spencer as style director to revive its flagging womenswear department, early signs of the positive impact of the work by the former boss of Jaeger is evident as the retailer has said its clothing business now shows an improving trend.
77
Majid Ishaq
managing director - Rothschild
New Entry
Majid Ishaq is a new entry to the Retail Week Power List this year after the managing director of Rothschild worked his magic on a number of corporate deals during the past 12 months. Led by Ishaq, Rothschild scooped £12m in fees for its role as electrical etailer AO.com’s main financial adviser in the run-up to its float.
78
Darren Blackhurst
commercial director - B&Q
2013 RANK: 84
Darren Blackhurst picked up his tools in January when the former Matalan chief executive joined B&Q as commercial director. With his strong experience at big retailers – Blackhurst was formerly group trading director at Asda and racked up 18 years’ experience at Tesco – his hire was regarded as a coup for B&Q.
79
Tanya Lawler
vice-president of UK trading - eBay
New Entry
A new name on this year’s Power List, Tanya Lawler has quickly become one of the biggest names in digital. After achieving success at Sainsbury’s where she was director of digital and cross channel, Lawler joined eBay in the newly created role of vice-president of UK trading about 18 months ago.
80
Christopher Bailey
chief executive - Burberry
New Entry
Replacing Angela Ahrendts, Burberry’s Christopher Bailey is set to be propelled further into the spotlight as he takes the helm at Burberry. He’s got big shoes to fill but has the golden touch when it comes to its collections, products, advertising and multimedia content.
81
John Cleland
chief executive - Maplin
2013 RANK: 92
John Cleland has made some bold moves in the past 12 months in a bid to turnaround Maplin, including the opening of its first airport outlet in Glasgow in March and a new fascia targeting businesses, Maplin Trade. Its £40m investment plan seems to be working – the UK’s biggest electrical specialist enjoyed a 5% rise in Christmas trade.
82
Derek Lovelock
chairman - Coast
2013 RANK: 79
Derek Lovelock has presided over Coast as it split off from sister brands Oasis and Warehouse, and is overseeing the change in strategy of widening the brand’s appeal. Of course, he’s had help in the form of Kate Bostock – one of the most respected names in the market – who he brought in as chief executive last September.
83
Mark Newton-Jones
interim chief executive
- Mothercare
- Mothercare
Re-entry
Embattled Mothercare made Mark Newton-Jones interim boss earlier this year, replacing Simon Calver. It may be a challenge, but the keen sailor spent a decade helping to transform Shop Direct from a catalogue business into a multichannel retailer.
84
Sir Terry Leahy
chairman - B&M Bargains
Re-entry
His success at Tesco has come under question in recent years but that hasn't stopped Sir Terry Leahy spreading his retail expertise and knowledge. He has returned to the stock market as chairman of discount retailer B&M Bargains. Earlier this year he made a more upmarket move when he backed premium fashion etailer Atterley Road.
85
James Daunt
managing director - Waterstones
2013 RANK: 95
Since joining Waterstones in 2011, James Daunt has sought to turn around the bookseller, which has felt the impact of the rise of etailers such as Amazon and digital publishing. He has overseen changes including investing in the supply chain, store revamps and slashing returns rate from nearly 25% to 7%.
86
Steve Murrells
chief executive of retail
- The Co-operative Food
- The Co-operative Food
New Entry
The Co-operative Group has hit one crisis after another. The group’s food business last year reported a fall in sales and profits, but chief executive of retail Steve Murrells intends to change that. He has led big changes such as a focus on convenience and keener pricing.
87
David McCorquodale
head of retail - KPMG
New Entry
As head of retail at KPMG, David McCorquodale has his finger on the pulse. Having racked up 20 years at KPMG, the British Retail Consortium associate member has worked with some of retail’s biggest names when it comes to acquisitions, fundraisers and restructures.
88
Andy Bond
chairman - Wiggle
2013 RANK: 87
The former boss of Asda presides as chairman of one of cycling’s biggest etail success stories, possibly one of the industry’s next flotations. Since taking the reins, Bond – a self-confessed cycling enthusiast – has seen Wiggle pedal ahead with sales rocketing 20.8% to £140.8m in the year to February 2013 while EBITDA rose 2.1% to £14m.
89
The Adviser
The adviser
New Entry
The money has flowed for City advisers this year as retailers have queued up to list. Advisers such as Toby Radford at JP Morgan Cazenove, Robert Foster at Jefferies, and Alex Ham at Numis (pictured) have been among the most prominent players in retail's rush to market.
90
Steve Lewis
chief executive - Majestic Wine
2013 RANK: 83
There’ll be no Champagne on ice this year as Majestic Wine is expected to report flat full-year, pre-tax profit owing to challenging trading conditions in 2014. Still, Steve Lewis is powering ahead with investment to support the wine merchant’s growth strategy to boost store numbers to more than 100 and beef up its ecommerce offer.
91
Mike McNamara
chief information officer - Tesco
New Entry
Tesco is powering ahead when it comes to its technology offer and you could say chief information officer Mike McNamara is the driving force behind the grocer’s innovations. He has a keen eye for technology and has overseen the launch of the retailer’s budget-priced tablet Hudl.
92
Mahmud Kamani and
Carol Kane
Carol Kane
joint chief executives - Boohoo
New Entry
What a bumper year for the two chief executives of one of fashion’s most exciting etailers. Not only did Boohoo join a flurry of retailers to float earlier this year in a bid to power international growth, but it reported a stellar performance in its year to February 28 as adjusted EBITDA rocketed more than 200%.
93
Helen Dickinson
director-general
- British Retail Consortium
- British Retail Consortium
2013 RANK: 97
It’s been more than a year since Helen Dickinson joined the British Retail Consortium from accountancy firm KPMG. Presiding over retail’s most important trade body, Dickinson remains one of the most influential people in the industry and fights the corner for store groups on key issues including business rates.
94
Paul Coby
IT director - John Lewis
New Entry
John Lewis IT director Paul Coby is one of the driving forces in retail technology, heading up the overhaul of John Lewis’ systems and helping to lead the charge in multichannel retailing.
He is harnessing innovation via schemes such as start- up accelerator JLab, and is also a non-executive director of Pets at Home.
He is harnessing innovation via schemes such as start- up accelerator JLab, and is also a non-executive director of Pets at Home.
95
Mark Evans
General partner - Balderton
Capital
Capital
New Entry
Mark Evans is the main partner for retail at Balderton Capital, which has funded several online retail businesses. Balderton, led by Evans, was the first institutional investor in Yoox, which has since floated in Milan. He has also invested in The Hut Group, Lyst and Worldstores. Evans previously spent 15 years at Goldman Sachs in Europe, Asia and the US.
96
Lord Harris
founder and executive chairman
- Carpetright
- Carpetright
2013 RANK: 94
The King of carpets was forced out of retirement last October when chief executive Darren Shapland departed the struggling business after just 18 months. After taking the helm in a difficult market, it will soon be all change again at the carpets business when he steps down from his role of executive chairman in September, along with his son Martin, who is currently group development director. Harris has hired bookmaker Wilf Walsh as chief executive, who joins in July.
97
Beth Butterwick
chief executive - Bonmarché
New Entry
In 2012 Bonmarché was in administration. Fast-forward to 2014 and under Beth Butterwick’s leadership, it appears value fashion retailer Bonmarché can do no wrong. She led a successful float of the business in November, while its most recent results showed strong like-for-like growth.
98
Andrew Higginson
non-executive chairman
- Poundland
- Poundland
New Entry
The appointment of former Tesco heavyweight Andrew Higginson sparked IPO rumours when he joined Poundland as non-executive chairman two years ago. In March this year under the steer of the well-admired finance man, Poundland made its stock market debut with a £750m valuation.
99
Tim Mason
Managing Director - Operations
at Sun Capital Partners
and non-executive chairman
- Bonmarché
at Sun Capital Partners
and non-executive chairman
- Bonmarché
Re-entry
Tim Mason – the former Tesco veteran who was responsible for launching the grocer’s successful loyalty scheme Clubcard, and latterly headed up the ill-fated US business Fresh & Easy – returned to the UK and joined private equity group Sun European Partners as managing director of operations. As non-executive chairman of one of the group’s investments, Bonmarche, he helped steer a successful float of the value clothing retailer.
100
Scott Weavers-Wright
founder - Haatch
2013 RANK: 60
Scott Weavers-Wright is one of the biggest names in etail. He co-founded mother and baby etailer Kiddicare before selling it to Morrisons for £70m. Since leaving the grocer, he has launched Haatch, an innovative incubator with its eye on investments in the technology sector.
