Nigel oddy house of fraser
Following his promotion from chief operating officer to chief executive in February 2015, Oddy has put his stamp on House of Fraser, spearheading a multichannel transformation. But its bricks-and-mortar stores have not gone unnoticed – the business has completed 12 store refurbishments in the past two years. In April there was good news: the department store chain made a pre-tax profit in the year to 30 January – its first since 2006.
But it has not all been plain sailing. Sales were flat lat £573.3m for the 26 weeks to 30 July, while its gross profit inched up £2.5m to £207.2m. Womenswear sales – and particularly the house brands – have been flagging. It confirmed in September that four of its brands would be axed.
In May, former Asos retail director Maria Hollins joined in the newly created post of executive director for buying and design, tasked with shaking up the womenswear division.
In November Oddy announced his resignation from HoF, although he is remaining in post until a replacement is found. The industry will be watching his next move in 2017.