Retail Week has recently picked out 10 of the most powerful women in global retail. So what makes them successful, and what can be learned from their successes? And do you agree with the shortlist?
Here are their Top 10:
Angela Ahrendts, Senior VP of Retail and Online stores, Apple
As the SVP of retail strategy at Apple, Angela Ahrendts is one of the highest-ranking executives at the most valuable company in the world.
No. Stores: 500
Annual sales: $230bn
CV: She served as Chief Executive Officer at Burberry and led the company through a period of outstanding global growth. Prior to Burberry, she was Executive Vice President at Liz Claiborne Inc., and earlier in her career served as President of Donna Karan International.
Style: At Burberry Ahrendts strived to build what she dubs a “connected culture”, not least by interacting directly with employees through dedicated instant messaging channel Burberry Chat. She also brought in an anthropologist to study the company culture she helped create, so as to better understand and preserve it.
Barbara Rentler, Chief Executive, Ross Stores
Rentler has helped turn Ross Stores into one of the US’ largest retailers. Since she took the reins they have notched up record sales and profits each year and shareholder value has soared. In its most recent financial year, sales surged a mighty 10%.
No. stores: 1,100
Annual sales: $14.1bn
CV: Rentler has been at the off-price retailer – a rival to TJX’s TK Maxx – since 1986. A merchandiser by trade, she has climbed up the ladder for the past 30 years and was appointed chief executive in 2014.
Style: Little is known about the press-averse Rentler, who prefers to let the numbers do the talking.
Meyrowitz leads a business in discount retail, one of the hottest and competitive markets in retail, stretching from the US to eastern Europe. It includes the UK where they trade through the TK Maxx and Homesense chains.
No. stores: 3,800
Annual sales: $33bn
CV: She has been with the business since 1983 and became a director in 2006, rising to become chief executive – a position she was promoted from three years ago.
Style: She puts people, and their learning and development, at the centre of her management style in order to attract, retain and promote talented staff.
Helena Foulkes, Chief Executive, Hudson’s Bay Company
Foulkes has acted as Chief Executive of US department store Saks Fifth Avenue’s parent company Hudson’s Bay Company since February 2018 and is ranked among the most influential women in business by Fortune magazine.
No. stores: 480
Annual sales: $5.2bn
CV: Foulkes made a name for herself in the world of US health and beauty through a 25-year stint at pharmacy giant CVS Pharmacy. She became VP of CVS Health, and President of CVS Marketing before leaving for her first chief executive role this year.
McKenna is the most senior woman in UK food retail, who heads up Walmart for all their operations outside of the US, which includes 28 countries including the UK, Mexico, Canada, Brazil and China. The role is often seen as the stepping stone to take the top job at the US retail giant, with current boss Doug McMillon and his predecessor Mike Duke both running the international division before their ascent.
No. stores: 6,300
Annual sales: $39bn
CV: Served as Asda’s CFO for more than 10 years before being promoted to COO. Then she became Executive VP of Strategy and Development for Walmart International before becoming President and CEO of Walmart International in 2018.
Style: A long‐time champion of diversity and inclusion, Judith has chaired Walmart’s council which is responsible for the company’s global women’s strategy. She’s also a passionate advocate for lifelong learning, driving initiatives that help create the company’s workforce of the future.
Alber has worked her way up the US-based furniture group. As well as driving the next phase of its international expansion and its digital progression, she has been very vocal about the need for all businesses to hire more women.
No. stores: 612
Annual sales: $4.4bn
CV: She joined Williams-Sonoma in 1995 as a senior buyer in the Pottery Barn subsidiary brand and moved to the newly created role of president of Williams-Sonoma in 2006.
Style: Refreshingly candid, Alber has a no-nonsense attitude to management.
Wu was responsible for instituting Alibaba.com’s financial systems and organisation, leading up to its initial public offering in 2007, as well as co-leading the privatisation of Alibaba.com in 2012.
Annual sales: $39bn
CV: She worked at KPMG in Beijing as a Partner in audit practice for fifteen years before joining Alibaba in 2007 as Executive Director. She’s been the tech and multichannel retail giant’s CFO since 2013 and presides over a vast empire, spanning commercial operation to cloud computing, by way of online marketplaces and multi-channel initiatives.
Style: Alibaba is pioneering new models that combine the best of digital innovation with bricks-and-mortar stores. In her key position, Wu is not only one of the one of the most powerful women in retail, but one of the most powerful people in finance in the world.
Mary Dillon, Chief Executive, Ulta Beauty
Marketing veteran Dillon has taken a struggling brand and turned it into a beauty powerhouse – Ulta has overtaken Sephora to become the US’ biggest beauty brand. Their stock has soared by 250% under Dillon and with a market capitalisation of $15bn, it now towers over retailers like Macy’s, Kohl’s and Nordstrom.
No. stores: 975
Annual sales: $4.9bn
CV: In 2005 she joined McDonalds as Global Chief Marketing Officer and Executive VP and then was CEO and President of U.S. Cellular from 2010 to 2013. She joined Ulta in 2013.
Style: Howard Schultz, chief executive of Starbucks, says of Dillon – who is also on the board of the coffee chain – that “she understands the theatre and the romance”.
Massenet set up Net-a-Porter in 2000 from her flat in Chelsea. A.t that time, it was so low-key that its trademark black delivery boxes were stacked in the bath. In 2010 she sold the business for an estimated £50m and in 2017 she joined Farfetch.
Annual sales: £167m
CV: In 2017, Massenet joined the board of competitor Farfetch, taking on the role of Co-Chair, to work closely alongside founder and boss José Neves.
Style: Aside from her high-profile roles in business, Massenet is chairman of the British Fashion Council, a role which she took over in 2013. In 2009, she was awarded an MBE and in 2016 she was made a Dame.
Laury has taken the DIY group by the horns! Her ‘One Kingfisher’ transformation plan – crafted over many years’ working in the home improvement sector – is aimed at dragging the B&Q and Screwfix-owner into the 21st century.
No. stores: 1,100
Annual sales: £11.2bn
CV: After spending 15 years at Leroy Martin in France, she worked at Castorama, a subsidiary of Kingfisher, for eleven years. She has also had roles at B&Q before joining Kingfisher as CEO in 2015.
Style: She emphasises the importance of disrupting your own business before a fresh-faced start-up beats you to it. Admiring of firms like Zara, Pret and Ikea, she’s unafraid to take the bold but necessary actions that will enable the business to battle today’s challenging climes.