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55. Michael MacMillan, group president, TJX Europe

michael mac millan

Position last year: 40

A new entry last year, Michael MacMillan, group president of TK Maxx parent company TJX Europe, has slipped 15 places in the 2015 list.

While the retailer’s profit climbed 18% to $59m (£38m) during the second quarter to August 1, it’s been a fairly quiet year for the retailer with relatively low innovation beyond offering click-and-collect.

TK Maxx opened five new stores in the UK during the three-month period and said its ecommerce business is growing, but MacMillan and the business may need to step up their game if they are to compete in an increasingly competitive and discount-hungry market.

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