Chief executive, Marks & Spencer
2012 hasn’t been Marc Bolland’s year. Sure, as the UK’s biggest clothing retailer, it’s easier for Marks & Spencer to fall than to rise, but a series of merchandise blunders in the first quarter, the loss of its clothing boss and a new general merchandise team that won’t make a visible impact until autumn 13, sees Bolland fall out of the top 10 this year. Admittedly, general merchandise sales improved slightly in the second quarter - up 0.1% - but poor first-quarter trading meant first-half sales were down 2.5% compared with the year before, while like-for-likes fell 4.3%. In the first-half press briefing last month, Bolland reassured journalists with a new-found fashion language, confidently analysing trends, silhouettes and palettes. Perhaps next year, after the general merchandise team has had time to gel, Bolland will get back up the rankings to where he should be.
- Last year’s position 9
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