Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

78. Meg Lustman, chief executive, Hobbs

Meg Lustman, CEO, Hobbs

Position last year: 76

Lustman slips down two places after a tough first year as chief executive of Hobbs.

The womenswear retailer’s losses widened to £15.6m for the year to January 31 2015 as a result of costs incurred as part of its turnaround plan, which saw it close some stores and make some redundancies at its head office. But its sales edged up from £115.4m to £116.5m during the period, particularly following a stronger fourth quarter.

Lustman, who has more than 20 years’ experience in the industry, including a 10-year stint with Mosaic/Aurora and four years as managing director of Warehouse, succeeded Nicky Dulieu at Hobbs in September 2014. Under her leadership, there have been signs of improvement, including better margin rates, stock efficiency and sell through. Industry sources have told Drapers she is starting to turn the business around – but there is still work to be done. 2016 may be the year she scales much higher in the Top 100.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.