President, TJX Europe
Paul Sweetenham has tumbled down the rankings this year, but not necessarily through any fault of his own.
This is the first year in many when he hasn’t managed to keep TK Maxx’s sales growth motoring at the same pace as he drives his prized collection of supercars. While the economic environment initially played right into Sweetenham’s hands, brands have since tightened up on stock control, meaning there isn’t the same level of surplus goods available for the retailer to get on the cheap. This is thought to have played at least some part in strangling like-for-likes, which are about 2% behind for the year to date.
On the plus side, Sweetenham has made great strides in addressing the discount chain’s jumble sale shop concept. Of particular note is the store he opened in the City of London, which showcases the likes of £7,000 Versace dresses at the knock-down price of £500.
His biannual cross-country and cross-Europe road trips with his retail buddies