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Drapers Top 100 2016 – 72. Andrew Skinner, managing director, Coast

Position last year: New entry

 

Andrew skinner coast

Andrew skinner coast

Andrew Skinner

2016 was a year of steadying the ship for Coast managing director Andrew Skinner, following a restructure of the business last year. Skinner, who was promoted from merchandising director to managing director in April 2015, was responsible for leading the womenswear business through turbulent waters, including a “significant” reduction in headcount and the closure of several loss-making stores when leases ended last year.

Coast opened its first store featuring a new concept at the Intu Metrocentre in Gateshead in November and returned to profit in the year to 27 February after it renewed its focus on a “more streamlined cost base”.

Pre-tax profits reached £1.3m, up from a loss of £10.8m in 2015, and rumours abound that private equity firms are interested in buying Coast, along with Oasis and Warehouse. Skinner is clearly taking the retailer on the right track.


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