New entry
Meg Lustman
Meg Lustman
Meg Lustman has been fashioning a turnaround at premium womenswear retailer Hobbs since joining in September 2014. Turnover fell 5.7% to £109m in the year to 30 January, but EBITDA rose 18% to £ 7.7m thanks to its strategy to reduce discounting and sell more at full price.
Lustman has focused Hobbs’ collections on three end uses: workwear, occasionwear and smart casual, while expanding its range of trans-seasonal pieces to better suit unpredictable weather. She is also expanding the chain internationally, with new concessions in the US and Germany, as well as launching online via Zalando.
Her strategy still has another few years to run, but Lustman is confident she is positioning Hobbs for the future.
You might also like...
Exclusive: Meg Lustman to exit Hobbs amid group shake-up
Hobbs chief executive Meg Lustman is stepping down from her role in January, Drapers can exclusively reveal.
Hobbs heads for Hong Kong
Hobbs will cut the ribbon on its first store in Hong Kong in December, entering its seventh new international market this year.
Hobbs takes £19m hit from corporate sale
Premium womenswear retailer Hobbs reported an operating loss of £3.8m for the 14 months to 31 March 2018, after incurring £19m of administrative costs relating to the corporate sale of the brand.
End-of-year flurry of people moves
The fashion retail people moves merry-go-round seems to be taking a high-powered spin in the last weeks of the year. Here are this week’s movers and shakers
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.