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.